Lessons from the European Monetary System

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe

Published in print December 2000 | ISBN: 9780199241767
Published online November 2003 | e-ISBN: 9780191596742 | DOI:
Lessons from the European Monetary System

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Few proposals have been made for the reform of what used to be called the international monetary system, and academic economists have tended to ignore the experience of the European Monetary System (EMS) in their research. An account is given here of this experience. It addresses the functioning of the EMS, considers desirable developments, and examines the difficulties that such developments are likely to encounter.

Keywords: economic development; economic policy; economic reform; European Monetary System; international monetary system

Chapter.  6816 words. 

Subjects: Macroeconomics and Monetary Economics

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