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The Consortium: A Simulation

In: A Stable External Currency for Europe

Author

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  • Jacques Riboud

Abstract

The simulation that is the subject of this chapter deals with the ‘commercial operations’ carried out by the member banks in conjunction with the central office, such as purchases of national currency, loans, transfers from one bank to another, sales of national currency to the central office, conversions of E into national currency, deposit accounts, loan repayments and so on. A tabular representation of the transactions is given in Figure 4.1.

Suggested Citation

  • Jacques Riboud, 1991. "The Consortium: A Simulation," Palgrave Macmillan Books, in: A Stable External Currency for Europe, chapter 4, pages 50-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11821-2_5
    DOI: 10.1007/978-1-349-11821-2_5
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