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This study reviews developments in the European Monetary System from the beginning of 1983 to August 1986; it updates and complements an earlier study prepared by staff members of the International Monetary Fund and published Occasional Paper No. 19, which covered the time period from the inception of the European Monetary System to the end of 1982.

Money --- Exports and Imports --- Foreign Exchange --- Inflation --- Money and Monetary Policy --- Statistics --- Finance: General --- Industries: Financial Services --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Price Level --- Deflation --- International Financial Markets --- Currency --- Foreign exchange --- Monetary economics --- Econometrics & economic statistics --- Finance --- Macroeconomics --- Exchange rates --- Currencies --- Real exchange rates --- Financial statistics --- Exchange rate adjustments --- Economic and financial statistics --- Nominal effective exchange rate --- Prices --- Monetary unions --- Money supply --- Credit --- United Kingdom