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Books > Business & Economics > Economics > Macroeconomics
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The European Monetary System - Past, Present and Future (Hardcover, 2nd ed. 1987)
Loot Price: R1,641
Discovery Miles 16 410
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The European Monetary System - Past, Present and Future (Hardcover, 2nd ed. 1987)
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The European M:: metary System (EMS) is perhaps the only success
story of the Common Market since the First Enlargement. Its
success, particul arly where the comnercial use of the ECU is
concerned, has taken rrost experts by surprise. So much so, that
when the author tried to recommend to his students a suitable and
substantial work of study and/or reference about the experience of
the EMS and its possible future evolution --- no book could be
found. Thus, the author set out to write the present work. The
author's aim is not to give a historical account of the EHS.
Rather, the intention is to place the experience in a major
historical context wherein the System is seen an important
transitional phase on the road to the implementation of a full
economic and rronetary union (EMU) When examining the earlier plans
for an EMU which saw the light of day between 1969 and 1970
(already so long ago ) clear reasons emerge why the original six
founder Member States of the EEC should have found it logical to
embark upon the road to an El'1U - "p=vided the political will to
do so existed." Thus, they had become highly integrated and were
conducting half their trade with each other. Then, there was the
desire to integrate still further ---- eventually leading (perhaps)
to a political union."
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