Foreign Exchange Market Intervention using an ECU-indicator

Paul Grauwe and Paul Bergh

Chapter 5 in European Monetary Union, 1982, pp 95-119 from Palgrave Macmillan

Abstract: Abstract One feature of the European Monetary System (EMS) is the introduction and the use of the European Currency Unit (ECU). As is well known, the ECU is defined as a basket of currencies in much the same way as the SDR. The objective of the introduction of the ECU was to contribute to a fully-fledged European Monetary Union. Whether or not this objective will be attained is uncertain. The question remains outside the scope of this article.

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16781-4_6

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DOI: 10.1007/978-1-349-16781-4_6

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