The European Monetary System And European Monetary Union

• Author(s): Michele Fratianni, Jurgen Von Hagen,
• Publisher: Routledge
• Pages: 248
• ISBN_10: 1000229238
  ISBN_13: 9781000229233
  
• Language: en
• Categories: Political Science / General ,

Description:... When the European Monetary System (EMS) was created in 1978, economists on both sides of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy conventional economic wisdom. The authors address three major questions about the European Monetary System (EMS): how it came into being, how it works and how it may evolve into a fully-fledged monetary union.