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Palgrave Macmillan

The ECU and European Monetary Integration

  • Book
  • © 1989

Overview

Editors:
  1. Paul Grauwe

    1. Catholic University of Leuven, Belgium

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  2. Theo Peeters

    1. Catholic University of Leuven, Belgium

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xx
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  2. The ECU — An Imaginary or Embryonic Form of Money: What Can We Learn from History?

    • Michael D. Bordo, Anna J. Schwartz, Paul De Grauwe
    Pages 1-24

  3. The ECU and Monetary Management in Europe

    • Polly Reynolds Allen, Daniel Gros
    Pages 25-58

  4. EMS and ECU: Proposals for Developing their Synergy

    • Alfred Steinherr, Jacques Melitz
    Pages 59-90

  5. Decentralization and Accountability within the Central Bank: Any Lessons from the US Experience for the Potential Organization of a European Central Banking Institution?

    • Niels Thygesen, Jean-Jacques Rey
    Pages 91-118

  6. The ECU as an Investment Currency

    • David F. Lomax, Herbert Christie
    Pages 119-147

  7. The Use of the ECU as an Invoicing Currency

    • Alfonso Jozzo, André Louw
    Pages 148-193

  8. The ECU and the International Monetary System

    • Paul De Grauwe, Theo Peeters
    Pages 194-213

  9. Back Matter

    Pages 215-222
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Keywords

About this book

The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private financial markets. The macroeconomic and microeconomic implications of the ECU and its significance for monetary integration in Europe are considered by a variety of contributors from academics to those in banking circles. Current research is examined and the theoretical and empirical aspects of the emergence of the ECU as a vehicle for European policy-making are considered to provide insights as to its future development.

Editors and Affiliations

  • Catholic University of Leuven, Belgium

    Paul Grauwe, Theo Peeters

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