Banks Outside the Consortium: A Simulation
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.
KeywordsCentral Bank National System Central Office Creditor Bank Debtor Bank
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