VII Conclusion
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Sep 1988
Keywords:
OP; EMS; economy; balance of payments adjustment mechanism; policy error; EEC currency; monetary policy coordination; EMS scheme; Exchange rates; Monetary base; Inflation; Currencies; Monetary unions; Europe

Abstract

In its present stage of evolution, the EMS has developed a body of general institutional procedures to promote consistency among the policies and objectives of participating countries. The search for consistency inevitably gives rise to consequent constraints, such as those implicit in the specific rules on exchange rate and international reserve management that characterize the ERM.

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Cover Policy Coordination in the European Monetary System
Policy Coordination in the European Monetary System
Occa Paper 61
ISBN:
9781557750280
ISSN:
0251-6365
Publication Date:
15 Sep 1988
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557750280.084
Pages:
100