This paper addresses the question of whether the European Monetary System can be copied outside Europe. Our answer is negative. The EMS is just one element of a more comprehensive design of ...

Abstract This paper recounts some well-known problems confronting European monetary union (EMU), such ... could damage a target country’s banking system, and how the basic structure of EMU ...

Later attempts to achieve stable exchange rates were hit by oil crises and other shocks until, in 1979, the European Monetary System (EMS) was launched. But it was under the presidency of Jacques ...

The launch of the euro in January 1999 marked a new phase in the evolution of the system, but the European Central Bank has a clear mandate to focus monetary policy on the domestic objective of price ...

The purpose of this course is to analyse the process of European monetary integration and its implications for the institutions of economic governance in the EU. There will be a strong emphasis on ...

The formation of the precursor to the Economic and Monetary Union (EMU) – the European Monetary System (EMS) – in the wake of the 1977-78 Locomotive Conflict does, however, lend itself to an analysis ...

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Parliamentary oversight of European monetary policy and banking supervision. West European Politics, p. 1. This book provides the first in-depth empirical study of the European Parliament's powers of ...