The European Monetary System in the Context of the integration of European Financial Markets : Occa Paper No.66

This paper provides a survey of some issues concerning the evolution of the European Monetary System (EMS) in the context of increasingly integrated financial markets. It reviews the objectives of the EMS, its institutional structure, its perceived impact on key macroeconomic variables, and some cri...

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Bibliographic Details
Corporate Author:	International Monetary Fund
Format:	Book
Language:	English
Published:	Washington, D.C. : International Monetary Fund, 1989
Series:	IMF eLibrary Occasional Papers; Occasional Paper ; No. 1989/003
Subjects:	European Monetary System (Organization) Finance > European Economic Community countries Monetary policy > European Economic Community countries Adjustable exchange rate Adjustable exchange rates Aggregate demand Bank for international settlements Bank intervention Banking activities Banking laws Banking market Banking markets Banking regulations Banking Basket of currencies Bilateral exchange rate Capital adequacy Capital controls Capital flows Capital formation Capital gains Capital markets Capital movements Capital transactions Central bank Clearing system Cost of capital Currency areas Currency basket Currency exchange Currency substitution Discount rate Disequilibrium exchange rates Domestic monetary policy Dual exchange rate European investment bank European monetary cooperation fund European monetary system European monetary union Exchange controls Exchange market instability Exchange market intervention Exchange markets Exchange rate changes Exchange rate developments Exchange rate dynamics Exchange rate flexibility Exchange rate fluctuations Exchange rate management Exchange rate mechanism Exchange rate misalignment Exchange rate movements Exchange rate policies Exchange rate realignments Exchange rate regime Exchange rate risk Exchange rate stability Exchange rate system Exchange rate uncertainty Exchange rate variability Exchange rate Exchange rates Exchange reserves Financial markets Fixed exchange rate system Fixed exchange rate Fixed exchange rates Flexible exchange rates Floating exchange rates Fluctuation margins Foreign exchange market Foreign exchange markets Foreign exchange reserves Foreign exchange Hedging Independent monetary policies Independent monetary policy Inflation International capital International exchange rate International financial markets International financial International monetary system International reserve Investment bank Liberalization of capital Minimum reserve requirement Minimum reserve requirements Monetary aggregate Monetary aggregates Monetary assets Monetary authorities Monetary autonomy Monetary conditions Monetary cooperation Monetary coordination Monetary expansion Monetary fund Monetary gold Monetary growth Monetary independence Monetary institution Monetary instruments Monetary integration Monetary liabilities Monetary liability Monetary policies Monetary policy independence Monetary policy instruments Monetary policy objectives Monetary policy Monetary stability Monetary standard Monetary system Monetary targeting Monetary union Money market Money supply National monetary policies Official reserves Productive capital Real exchange rate Real exchange rates Reserve ratios Reserve requirement Reserve requirements Securities firms Securities markets Securities transactions Short-term capital Stable exchange rate Stable exchange rates Balance of payments Banks and Banking Banks and banking Banks Currencies Currency Depository Institutions Exports and Imports Finance Finance: General Financial Institutions and Services: Government Policy and Regulation Financial integration Financial services industry Foreign Exchange General Financial Markets: General (includes Measurement and Data) Government and the Monetary System Industries: Financial Services International Financial Markets International Investment International economics International finance Long-term Capital Movements Macroeconomics Micro Finance Institutions Monetary Systems Monetary economics Money and Monetary Policy Money Mortgages Payment Systems Public finance & taxation Regimes Standards France Germany Italy United States