EC Monetary Arrangements: Britain’s Strategy

David T. Llewellyn

Chapter 13 in Britain within the European Community, 1983, pp 251-270 from Palgrave Macmillan

Abstract: Abstract The EC has not been short of plans for formal monetary integration. In the second half of the 1960s, a series of proposals (notably the Barre and Schiller plans1) were made with a view to inducing a greater degree of monetary integration between members. The Werner Report was an attempt at reconciling fundamentally conflicting approaches to monetary integration particularly over the issue of whether a fixed exchange rate mechanism was to be the spur to policy co-ordination, or the culmination of a general process of convergence — see El-Agraa (1980a). In December 1969 the EC Heads of State agreed to establish full Economic and Monetary Union (EMU) by 1980.

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Money Supply; Foreign Exchange Market (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-17136-1_13

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