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Author: | Gonnissen, J. |
Title: | Treasury management and the EMS: the myths and the facts. |
Journal: | Management Accounting (London)
1991 : JUL-AUG, VOL. 69:7, p. 26-27 |
Index terms: | EUROPEAN MONETARY SYSTEM MONETARY CONTROL |
Language: | eng |
Abstract: | Assessment of myths and false arguments concerning U.K. participation in the European Monetary System, benefits and costs. Exchange Rate Mechanism and fear of sterling devaluation. 3 objectives of EMS. Stages of gradual monetary integration. Role of ECU. Application in debt market. ERM interest rate stability and other advantages. Two Figures illustrate the study. |
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