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The European Monetary System five years on: Achievements and prospects |
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| Authors: | Norbert Kleinheyer Diethard B Simmert |
| Institution: | 1. Sparkassen- und Giroverband e.V., Bonn |
| Abstract: | The record of the European Monetary System at the five-year mark is rather a disappointment for the System’s advocates. Has the “EMS experiment” failed? Or is there potential for developing the System further to the advantage of all member countries? |
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