Abstract
This paper deals with the official and private uses of the ECU and with their respective contribution to the functioning of the European Monetary System (EMS) and, in a longer-term perspective, to the furthering of Europe’s monetary integration. In fact it concentrates more on the private ECU, for the simple reason that this unit has become a major eurocurrency in barely a few years, while the official ECU has not, so far, lived up to its aim of being a centrepiece of the European Monetary System. Moreover, the private ECU’s development potential seems more promising than that of the official ECU, at least in the near future.
The author is on the staff of the Commission of the European Communities. The views expressed are not necessarily shared by his institution.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1988 by Martinus Nijhoff Publishers, Dordrecht
About this chapter
Cite this chapter
Louw, A. (1988). The ECU and its role on the European monetary scene. In: Fair, D.E., de Boissieu, C. (eds) International Monetary and Financial Integration — The European Dimension. Financial and Monetary Policy Studies, vol 14. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3651-5_8
Download citation
DOI: https://doi.org/10.1007/978-94-009-3651-5_8
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-8133-7
Online ISBN: 978-94-009-3651-5
eBook Packages: Springer Book Archive