Banks Outside the Consortium: A Simulation

  • Jacques Riboud


This simulation applies more particularly to the ES (stable ECU or Eurostable). It presupposes, in fact, that the consortium will gradually have replaced its old ECU customers with ES customers. It will retain the exclusive right to issue transaction ES for a long time, which will have an effect on its relations with outside banks. This is true of the following example.


Central Bank National System Central Office Creditor Bank Debtor Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Jacques Riboud 1991

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  • Jacques Riboud

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