Titlebook: A Stable External Currency for Europe; Jacques Riboud Book 1991 Jacques Riboud 1991 brand.European Community.success.trade.european union

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,Collaboration and Discord 1950–1956,he possibilities and any financial effects have been evaluated, considered and analysed. In an ES system the risk would be that indexed liabilities might be balanced, on the assets side, by reserves in national currencies or other assets which were not indexed, or the other way around. This would gi

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,Collaboration and Discord 1950–1956,endation in the constitution of the EMS. One of the reasons why preference has been given to fixing exchange rates without using an adjustment mechanism is perhaps that it is extremely difficult to determine this ‘true equilibrium’ rate.

Aphorism

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Compensation: The Key to Break the Logjam?,the European Community’s monetary organisation. It has its own currency, which is equipped with an exceptional property — namely, constant value — a factor that will confer prestige as much as it will make for economic unification and progress. This currency will be issued and managed, under the aeg

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