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The European Monetary System (EMS) has, since its inception in 1979, provided a fascinating example of policy co-ordination in practice. As concern about exchange-rate instability and global economic imbalances has grown, both academic researchers and policy-makers have looked to the EMS for lessons about co-operation on a wider scale. This volume contains the papers and proceedings of an October 1987 conference organised by the Centre for Economic Policy Research in co-operation with the Banca d'Italia and the Centro Interuniversitario di Studi Teorici per la Politica Economica (STEP). The conference brought together distinguished academics and practitioners from eleven European central banks. The papers offer a timely summary of current research, while the concluding panel discussion provides a valuable perspective on the concerns of policy-makers. This will be the definitive publication on the EMS for some years to come, and hence a basic reference for anyone interested in the international monetary system and policy co-ordination.

International finance --- European Union --- Money --- Monetary policy --- 339.732 --- -Money --- -339EU.72 --- 339.72 <4-15> --- AA / International- internationaal --- 334.151.27 --- U39 - Droit monétaire - Monetair recht --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 333.825 --- 333.841 --- 338.8 --- 333.110 --- 334.151.26 --- 333.451.7 --- 333.80 --- 333.820 --- Proceedings of a conference held in Perugia on 16-17 October 1987. --- NBB ZZ --- NBB congres --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Europees monetair stelsel. --- Deviezenpolitiek. Interventies. --- Inflatie. --- Economische groei. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen. --- Speculatie. Wisselrisico's. --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- 339.732 Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.732 Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339EU.72 --- Proceedings of a conference held in Perugia on 16-17 October 1987 --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Speculatie. Wisselrisico's --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Deviezenpolitiek. Interventies --- Inflatie --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen --- Europees monetair stelsel --- Economische groei --- Business, Economy and Management --- Economics --- European Union countries --- Money - European Economic Community countries. --- Monetary policy - European Economic Community countries. --- Money - European Economic Community countries --- Monetary policy - European Economic Community countries --- sme --- -Monetary policy --- -332.4566094 --- ems --- -Monetary policy -