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EMS and ECU: Proposals for Developing their Synergy

In: The ECU and European Monetary Integration

Author

Listed:
  • Alfred Steinherr
  • Jacques Melitz

Abstract

The conference organizers very appropriately defined the following questions: (1) Can Europe integrate in the monetary field without the ECU? (2) Can the ECU be used to improve the working of the EMS? (3) Is there a chance for a parallel currency approach to European monetary integration? (4) What could be the strategies for monetary integration in Europe based on the existence of a parallel currency? And how different will the ECU be in the final phase of the integration process as compared with the transitional phase? This chapter attempts to provide some answers following the order of these questions.

Suggested Citation

  • Alfred Steinherr & Jacques Melitz, 1989. "EMS and ECU: Proposals for Developing their Synergy," Palgrave Macmillan Books, in: Paul Grauwe & Theo Peeters (ed.), The ECU and European Monetary Integration, chapter 3, pages 59-90, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19518-3_3
    DOI: 10.1007/978-1-349-19518-3_3
    as

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