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The Snake (1972–8)

In: The Road to European Monetary Union

Author

Listed:
  • André Szász

    (Dutch Central Bank)

Abstract

The resolution of the Council and the governments of 22 March 1971—adopting the proposal made in the Werner Report—invited central banks, from the beginning of stage 1 and on an experimental basis, to hold exchange rate fluctuations between currencies of member states within margins narrower than those resulting from the application of the margins in force for the dollar.

Suggested Citation

  • André Szász, 1999. "The Snake (1972–8)," Palgrave Macmillan Books, in: The Road to European Monetary Union, chapter 5, pages 36-45, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59947-5_5
    DOI: 10.1057/9780230599475_5
    as

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