The European Monetary System in Perspective

Economics, Vol. 15, No. 4, pp. 104-105, December 1979

Posted: 11 Jan 2010 Last revised: 27 Oct 2010

See all articles by Jerry Mushin

Jerry Mushin

Victoria University of Wellington

Date Written: December 1, 1979

Abstract

The conclusion of this analysis is that the obligations of membership of the European Monetary system are not as uncomplicated as they might appear. Each member agrees to stabilise the value of its currency relative to the value of the European Currency Unit (ECU), a basket of members’ currencies, but the value of the ECU is not independent of the values of its constituent currencies.

Keywords: European Monetary System, exchange rates

JEL Classification: O24, E42

Suggested Citation

Mushin, Jerry, The European Monetary System in Perspective (December 1, 1979). Economics, Vol. 15, No. 4, pp. 104-105, December 1979, Available at SSRN: https://ssrn.com/abstract=1534344

Jerry Mushin (Contact Author)

Victoria University of Wellington ( email )

Wellington, 6140
New Zealand

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