The ECU — An Imaginary or Embryonic Form of Money: What Can We Learn from History?

Michael D. Bordo, Anna Schwartz and Paul Grauwe

Chapter 1 in The ECU and European Monetary Integration, 1989, pp 1-24 from Palgrave Macmillan

Abstract: Abstract To find examples in history of new forms of money that can be compared with the ECU, it is first necessary to define the attributes of the ECU and to determine whether it is in fact a new form of money.

Keywords: Exchange Rate; Central Bank; Private Market; Capital Control; European Monetary System (search for similar items in EconPapers)
Date: 1989
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Working Paper: The ECU - An Imaginary or Embryonic Form of Money: What Can We Learn from History? (1987)
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DOI: 10.1007/978-1-349-19518-3_1

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