The EMS, the Dollar and the World Economy

Jan Kregel

Chapter 12 in Prospects for the European Monetary System, 1990, pp 236-251 from Palgrave Macmillan

Abstract: Abstract Despite the sayings of savants, history does seem to repeat itself. Or at least it must seem so to anyone familiar with international economic conditions in the late 1950s when the two principal problems facing the United States in the international sphere were its international payments deficit and the threat the creation of the European Common Market posed to its elimination. The US is still struggling with the problems surrounding the adjustment of its foreign accounts and in this regard is still concerned about the impact of the Common Market, now under the fear that the ‘Single Market’ will become a ‘Fortress Europe’.

Keywords: Exchange Rate; Monetary Policy; Money Supply; European Monetary Union; Private Bank (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11629-4_12

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DOI: 10.1007/978-1-349-11629-4_12

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