An Internal Currency and an External Currency

Jacques Riboud

Chapter 12 in A Stable External Currency for Europe, 1991, pp 148-158 from Palgrave Macmillan

Abstract: Abstract States have internal currencies for use in paying bills within their own territory and external currencies which are used for paying overseas debts, currencies that they share with other states and which function as forms of financial intermediary.

Keywords: Exchange Rate; Central Bank; Money Supply; European Monetary Union; National Currency (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11821-2_13

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DOI: 10.1007/978-1-349-11821-2_13

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