Publisher's Synopsis
The claim of this collection of papers is that the European Monetary System (EMS) remains a central pillar of the European Economic Community even though the creation of a Federal Central Bank and a full monetary union seems to deserve a high place on the agenda of problems that must be faced.;Because the future is going to be built on the reality of the EMS as an existing institution, it is important to know its history, to understand the reasons underlying the successes attributed to it, the problems that it created and possible evolutionary trajectories for the European monetary structure.
