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Foreign Exchange Market Intervention using an ECU-indicator

In: European Monetary Union

Author

Listed:
  • Paul Grauwe
  • Paul Bergh

Abstract

One feature of the European Monetary System (EMS) is the introduction and the use of the European Currency Unit (ECU). As is well known, the ECU is defined as a basket of currencies in much the same way as the SDR. The objective of the introduction of the ECU was to contribute to a fully-fledged European Monetary Union. Whether or not this objective will be attained is uncertain. The question remains outside the scope of this article.

Suggested Citation

  • Paul Grauwe & Paul Bergh, 1982. "Foreign Exchange Market Intervention using an ECU-indicator," Palgrave Macmillan Books, in: M. T. Sumner & G. Zis (ed.), European Monetary Union, chapter 5, pages 95-119, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16781-4_6
    DOI: 10.1007/978-1-349-16781-4_6
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