IDEAS home Printed from https://ideas.repec.org/h/pal/palscp/978-3-030-33857-2_10.html
   My bibliography  Save this book chapter

The End of the Escudo Monetary Zone Fund in 1980. The Continuation of Co-operation

In: The Portuguese Escudo Monetary Zone

Author

Listed:
  • Maria Eugénia Mata

    (Universidade Nova de Lisboa)

Abstract

There were proposals to extinguish the Escudo Monetary Zone Fund in the period following the independence of the ex-colonies, but the three issuing banks of the system required their capital in the Fund. Only in May 1980 was it possible to clear the balances of the Foreign Exchange Management Funds of the ex-colonies regarding their debts to the Escudo Monetary Zone Fund in a multilateral way, thanks to a decision to re-evaluate the gold reserves of the Banco de Portugal. Cooperation with the ex-colonies continued after the extinction of the Fund, especially because they abandoned socialist political blueprints when communist political regimes failed in the late 1980s. This was the opportunity for market operations in these African regions to give place to capitalism and global institutions.

Suggested Citation

  • Maria Eugénia Mata, 2020. "The End of the Escudo Monetary Zone Fund in 1980. The Continuation of Co-operation," Palgrave Studies in Economic History, in: The Portuguese Escudo Monetary Zone, chapter 0, pages 151-160, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-33857-2_10
    DOI: 10.1007/978-3-030-33857-2_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palscp:978-3-030-33857-2_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.