The ECU and European Monetary Integration

✍ Scribed by Paul De Grauwe, Theo Peeters (eds.)

• Publisher: Palgrave Macmillan UK
• Year: 1989
• Tongue: English
• Leaves: 241
• Edition: 1
• Category: Library

✦ Synopsis

The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private financial markets. The macroeconomic and microeconomic implications of the ECU and its significance for monetary integration in Europe are considered by a variety of contributors from academics to those in banking circles. Current research is examined and the theoretical and empirical aspects of the emergence of the ECU as a vehicle for European policy-making are considered to provide insights as to its future development.

✦ Table of Contents

Front Matter....Pages i-xx
The ECU — An Imaginary or Embryonic Form of Money: What Can We Learn from History?....Pages 1-24
The ECU and Monetary Management in Europe....Pages 25-58
EMS and ECU: Proposals for Developing their Synergy....Pages 59-90
Decentralization and Accountability within the Central Bank: Any Lessons from the US Experience for the Potential Organization of a European Central Banking Institution?....Pages 91-118
The ECU as an Investment Currency....Pages 119-147
The Use of the ECU as an Invoicing Currency....Pages 148-193
The ECU and the International Monetary System....Pages 194-213
Back Matter....Pages 215-222

✦ Subjects

Macroeconomics/Monetary Economics//Financial Economics; Microeconomics