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Synopsis
The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private financial markets. The macroeconomic and microeconomic implications of the ECU and its significance for monetary integration in Europe are considered by a variety of contributors from academics to those in banking circles. Current research is examined and the theoretical and empirical aspects of the emergence of the ECU as a vehicle for European policy-making are considered to provide insights as to its future development.
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About the Author
Paul De Grauwe is Professor of Economics at the Catholic University of Leuven, the author of "The Economics of Monetary Union", and the editor of three previous books in the CESifo Seminar series.
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- PublisherPalgrave Macmillan
- Publication date1989
- ISBN 10 1349195200
- ISBN 13 9781349195206
- BindingPaperback
- Edition number1
- Number of pages242
- EditorPeeters T.
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