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The EMS, the Dollar and the World Economy

In: Prospects for the European Monetary System

Author

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  • J. A. Kregel

Abstract

Despite the sayings of savants, history does seem to repeat itself. Or at least it must seem so to anyone familiar with international economic conditions in the late 1950s when the two principal problems facing the United States in the international sphere were its international payments deficit and the threat the creation of the European Common Market posed to its elimination. The US is still struggling with the problems surrounding the adjustment of its foreign accounts and in this regard is still concerned about the impact of the Common Market, now under the fear that the ‘Single Market’ will become a ‘Fortress Europe’.

Suggested Citation

  • J. A. Kregel, 1990. "The EMS, the Dollar and the World Economy," Palgrave Macmillan Books, in: Piero Ferri (ed.), Prospects for the European Monetary System, chapter 12, pages 236-251, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11629-4_12
    DOI: 10.1007/978-1-349-11629-4_12
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