A Stable External Currency for Europe
Author | : Jacques Riboud |
Publisher | : Springer |
Total Pages | : 239 |
Release | : 1991-03-20 |
ISBN-10 | : 9781349118212 |
ISBN-13 | : 1349118214 |
Rating | : 4/5 (214 Downloads) |
Download or read book A Stable External Currency for Europe written by Jacques Riboud and published by Springer. This book was released on 1991-03-20 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author does not believe that the governments of the European Community - even supposing that they can agree on the matter - will succeed in imposing the ECU as a payment and reserve currency for use in the EEC's external trade. In the external market the choice of currency is free and a brand new currency will only be chosen if it is better than all the alternatives and if it has been successfully 'promoted'.