A Stable External Currency for Europe

ISBN-13: 9781349118236 / Angielski / Miękka / 1991 / 228 str.

Jacques Riboud

Opis

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'.