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Appendix I: Statistical Tables

Appendix I: Statistical Tables »

Source: The European Monetary System : Recent Developments

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

Table 1. Quotas and Ceilings Under the Short-Term Monetary Support and Medium-Term Financial Assistance Facilities...

Appendix II: Legal Texts

Appendix II: Legal Texts »

Source: The European Monetary System : Recent Developments

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

I. Excerpts from Single European Act Preamble … Whereas at their Conference in Paris from 19 to 21 October 1972 the Heads of State or of Government app...

The European Monetary System
			: Recent Developments

The European Monetary System : Recent Developments »

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

DOI: http://dx.doi.org/10.5089/9780939934799.084

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

This study reviews developments in the European Monetary System from the beginning of 1983 to August 1986; it updates and complements an earlier study prepared by staff members of the International Monetary Fund an...

The European Monetary System
			: The Experience, 1979-82

The European Monetary System : The Experience, 1979-82 »

Series: Occasional Papers

Author(s): Peter Nyberg , Horst Ungerer , and Owen Evens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 1983

DOI: http://dx.doi.org/10.5089/9781557750631.084

ISBN: 9781557750631

Keywords: exchange rate, monetary fund, exchange rates, monetary system, european monetary system

This paper is concerned with developments in the European Monetary System (EMS) from its start in March 1979 through December 1982....

I Introduction

I Introduction »

Source: The European Monetary System : Recent Developments

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

The European Monetary System (EMS) came into operation in March 1979, in accordance with the Resolution of December 5, 1978 of the European Council, composed of the Heads of State and Government of the then...

I. Introduction and Background

I. Introduction and Background »

Source: The European Monetary System : The Experience, 1979-82

Series: Occasional Papers

Author(s): Peter Nyberg , Horst Ungerer , and Owen Evens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 1983

ISBN: 9781557750631

Keywords: exchange rate, monetary fund, exchange rates, monetary system, european monetary system

This paper is concerned with developments in the European Monetary System (EMS) from its start in March 1979 through December 1982. Chapter I provides a summary of events leading up...

II. The Performance of the System

II. The Performance of the System »

Source: The European Monetary System : The Experience, 1979-82

Series: Occasional Papers

Author(s): Peter Nyberg , Horst Ungerer , and Owen Evens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 1983

ISBN: 9781557750631

Keywords: exchange rate, monetary fund, exchange rates, monetary system, european monetary system

General At the start of the EMS, contrasting expectations and fears were raised with regard to the consequences of a strict adherence to a system of fixed, though adjustable, exchang...

II The System and Its Development

II The System and Its Development »

Source: The European Monetary System : Recent Developments

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

This section summarizes the main characteristics and operational elements of the EMS, as laid down in the EMS Agreement, and surveys their evolution in the context of the actual operation of the EMS by the p...

III Exchange Rate Developments

III Exchange Rate Developments »

Source: The European Monetary System : Recent Developments

Series: Occasional Papers

Author(s): Owen Evens , Thomas Mayer , Philip Young , and Horst Ungerer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 December 1986

ISBN: 9780939934799

Keywords: exchange rate, exchange rates, monetary fund, inflation, exchange rate variability

Overview From its inception until 1983 the EMS was characterized by frequent periods of exchange market strain and numerous consequent realignments of central rates among currencies...

III. The Evolution of the System

III. The Evolution of the System »

Source: The European Monetary System : The Experience, 1979-82

Series: Occasional Papers

Author(s): Peter Nyberg , Horst Ungerer , and Owen Evens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 1983

ISBN: 9781557750631

Keywords: exchange rate, monetary fund, exchange rates, monetary system, european monetary system

Operational Aspects The European Council Resolution of December 5, 1978 established the framework for the European Monetary System and the Agreement of March 13, 1979 between the EC...