The Entry of Southern Countries Into the European Monetary System

  • Patrick Artus
  • Claude Dupuy


Spain and Portugal became members of the EC in 1986 and joined the EMS at the Madrid European summit of 26–27 June 1989. This paper explores how these Southern European countries may benefit from involvement in EMS mechanisms and, subsequently, in a European monetary union.


Exchange Rate Interest Rate Monetary Policy Fiscal Policy Foreign Currency 
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

© Confederation of European Economic Associations 1992

Authors and Affiliations

  • Patrick Artus
  • Claude Dupuy

There are no affiliations available

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