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The ECU — An Imaginary or Embryonic Form of Money: What Can We Learn from History?

In: The ECU and European Monetary Integration

Author

Listed:
  • Michael D. Bordo
  • Anna J. Schwartz
  • Paul Grauwe

Abstract

To find examples in history of new forms of money that can be compared with the ECU, it is first necessary to define the attributes of the ECU and to determine whether it is in fact a new form of money.

Suggested Citation

  • Michael D. Bordo & Anna J. Schwartz & Paul Grauwe, 1989. "The ECU — An Imaginary or Embryonic Form of Money: What Can We Learn from History?," Palgrave Macmillan Books, in: Paul Grauwe & Theo Peeters (ed.), The ECU and European Monetary Integration, chapter 1, pages 1-24, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19518-3_1
    DOI: 10.1007/978-1-349-19518-3_1
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    References listed on IDEAS

    as
    1. Fraas, Arthur, 1974. "The Second Bank of the United States: An Instrument for an Interregional Monetary Union," The Journal of Economic History, Cambridge University Press, vol. 34(2), pages 447-467, June.
    2. Cowen, Tyler & Kroszner, Randall, 1987. "The Development of the New Monetary Economics," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 567-590, June.
    3. Bordo, Michael D., 1986. "Money, deflation and seigniorage in the fifteenth century: A review essay," Journal of Monetary Economics, Elsevier, vol. 18(3), pages 337-346, November.
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    Cited by:

    1. Eduardo Loyo, 2001. "Imaginary money against sticky relative prices," Textos para discussão 448, Department of Economics PUC-Rio (Brazil).
    2. Robert J. Shiller, 2002. "Indexed Units of Account: Theory and Assessment of Historical Experience," Central Banking, Analysis, and Economic Policies Book Series, in: Fernando Lefort & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Serie (ed.),Indexation, Inflation and Monetary Policy, edition 1, volume 2, chapter 4, pages 105-134, Central Bank of Chile.
    3. Woosik Moon & Yeongseop Rhee & Deokryong Yoon, 2006. "Regional Currency Unit in Asia : Property and Perspective," Macroeconomics Working Papers 21972, East Asian Bureau of Economic Research.
    4. David Cobham, 1989. "Strategies for Monetary Integration Revisited," Journal of Common Market Studies, Wiley Blackwell, vol. 27(3), pages 203-218, March.
    5. Labrinidis, George, 2014. "International reserves in the era of quasi-world money," MPRA Paper 59963, University Library of Munich, Germany.
    6. Loyo, Eduardo, 2002. "Imaginary money against sticky relative prices," European Economic Review, Elsevier, vol. 46(6), pages 1073-1092, June.

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