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| Author: | Jones, C. |
| Title: | Foreign exchange EMS + 1992 = ? |
| Journal: | Banker
1988 : JUNE, VOL. 138:748, p. 43, 48-49 |
| Index terms: | EUROPEAN MONETARY SYSTEM CURRENCY LIBERALISM |
| Language: | eng |
| Abstract: | Review of the re-alignment brought about within the EMS - European Monetary System - and move by EEC countries to a full liberalisation of capital movements by 1992. The weaker EMS currencies. The shortcomings of the EMS. How parity re-alignments have not compensated in full for differences in inflation rates. The challenges facing the EMS. The disagreement between France and the FRG on intervention. Difficulty for small countries to maintain their monetary sovereignty. And prospect of more frequent re-alignments. A graph gives rates of EMS currencies and others. |
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