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A Stable External Currency for Europe

A Stable External Currency for Europe

Paperback

EconomicsInvesting & FinanceGeneral Political Science

ISBN10: 1349118230
ISBN13: 9781349118236
Publisher: Springer Nature
Published: Jan 1 1991
Pages: 228
Weight: 0.68
Height: 0.55 Width: 5.50 Depth: 8.50
Language: English
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'.

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