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Monetary Interdependence Within the European Monetary System

In: Exchange Rates, Money and Output

Author

Listed:
  • Paul Grauwe

    (Catholic University of Leuven)

  • Michele Fratianni

    (Indiana University)

  • Mustapha K. Nabli

    (University of Tunis)

Abstract

The large fluctuations of the dollar in the European exchange markets led to the creation of the European Monetary System (EMS) in 1979. The major objective of this system was to reduce the exchange rate volatility within Europe, without, however, returning to immutably fixed exchange rates.

Suggested Citation

  • Paul Grauwe & Michele Fratianni & Mustapha K. Nabli, 1985. "Monetary Interdependence Within the European Monetary System," Palgrave Macmillan Books, in: Exchange Rates, Money and Output, chapter 8, pages 159-172, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17699-1_8
    DOI: 10.1007/978-1-349-17699-1_8
    as

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