Abstract
After a drastic reform of its foreign exchange and international trade system on 9 April 1953, Greece maintained a policy that was pegged to the dollar for about twenty years (until 19 October 1973). Following the breakdown of the Bretton-Woods system of fixed parities, the country operates a heavily managed floating regime where the exchange rate of the Greek drachma is adjusted on a daily basis.
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© 1986 The Graduate School of European and International Studies
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Manassakis, A.N. (1986). Greece and the European Monetary System. In: Yannopoulos, G.N. (eds) Greece and the EEC. University of Reading European and International Studies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08431-9_8
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DOI: https://doi.org/10.1007/978-1-349-08431-9_8
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