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The Effects of Economic Convergence and Competitiveness on Trade among the EMS Countries

  • Lorenzo Bini-Smaghi
  • Stefano Vona
Chapter
  • 18 Downloads
Part of the Studies in Banking and International Finance book series (SBIF)

Abstract

After the completion of the customs union in the early 1970s and the experience of the European Monetary ‘snake’, the European Monetary System (EMS) is the most important step the EEC countries have taken towards their goal of economic and monetary union. It also plays an important role in overall exchange rate stability in a period marked by extremely high volatility.

Keywords

Exchange Rate Real Exchange Rate Trade Balance Domestic Demand Import Price 
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

© Donald R. Hodgman and Geoffrey E. Wood 1989

Authors and Affiliations

  • Lorenzo Bini-Smaghi
  • Stefano Vona

There are no affiliations available

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