The private ECU’s potential impact on global and European exchange rate stability

Authors

  • H. JAGER
  • E . DE JONG

DOI:

https://doi.org/10.13133/2037-3643/11105

Keywords:

ECU, advantages, disadvantages, exchange rate stability

Abstract

This article examines the potential advantages and disadvantages of the creation of well-developed European Currency Unit (ECU) deposit and credit markets within the EEC. The major potential disadvantages are the higher speed of ECU creation and of intra-European Monetary System (EMS) movements of ECU deposits. The potential advantages would include improved efficiency in the money markets, an impetus to greater monetary integration and policy co-ordination in the EMS.


JEL: F15, F36, E42

Downloads

Published

2013-11-23

How to Cite

JAGER, H., & DE JONG, E. . (2013). The private ECU’s potential impact on global and European exchange rate stability. PSL Quarterly Review, 41(164). https://doi.org/10.13133/2037-3643/11105

Issue

Vol. 41 No. 164 (1988)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.