Washington, D.C. : International Monetary Fund, 1990.
vi, 99 pages : illustrations ; 28 cm.
Occasional paper (International Monetary Fund) ; no. 73.
On March 13, 1991 it will be twelve years since the European Monetary System (EMS) came into operation. Two earlier studies on EMS developments up to 1986 discussed the background and basic features of the system, reviewed its institutional evolution and exchange market developments, and provided an expirical analysis of exchange rate variability and the convergence of key economic variables and Ungerer and others. This study updates and complements those papers. In addition, it surveys financial integration in the European Community (EC) and the present debate about monetary integration, with particular attention to the proposals of the Delors Committee on Economic and Monetary Union.
Bibliography, etc. Note
Includes bibliographical references (pages 96-99).