Competing Monies, European Monetary Union and the Dollar

Benjamin Klein

Chapter 4 in One Money for Europe, 1978, pp 69-105 from Palgrave Macmillan

Abstract: Abstract Since I am going to criticise the All Saints’ Day Manifesto (see p. 37–43 and the attempt to achieve European monetary union by the creation of a parallel European currency, I should explicitly state at the outset that I am very sympathetic to the major thrust of the proposal. First of all, it represents an increased understanding and awareness that we must move towards a more predictable monetary framework. In addition, it clearly recognizes the economic forces that exist in favour of the establishment of a single unified currency within an interdependent trade area such as the European community.

Keywords: Exchange Rate; Inflation Rate; Money Supply; Monetary Union; Money Demand (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-04308-8_4

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