Suchergebnisse

General introduction -- General introduction -- One: Currency Competition -- I. The theory of currency competition -- II. The history of currency competition -- III. The history of monetary thought on currency competition -- IV. The current debate: The return to gold and the liberalization of banking -- Two: Monetary Union -- to Part Two. Which monetary integration? -- V. The European Monetary System -- VI. Is the adjustable peg a viable option? -- VII. Freely flexible exchange rates or a common currency? -- VIII. Exchange controls for ever? -- IX. Towards a better European Monetary System -- Appendix to Bibliographical Note (Lawrence H. White) -- The authors -- Index of names.

Of the four current schemes for international economic integration in West Africa, the operation of the Communauté économique de l'Afrique de l'Ouest has been recently reviewed, the Economic Community of West African States continues to be widely discussed, while the agreement of the Presidents of Senegal and Gambia in Dakar on 17 December 1981 to establish a Senegambian Confederation, and to develop an economic and monetary union between the two countries, is as yet in its formative stages. This article examines the structure, progress, and potential of the Mano River Union (M.R.U.) about which little has been published.

List of Contents -- One: The Background to the European Monetary System -- 1: An Economic and Monetary Union: The earlier plans -- 2: The Experience of the "Snake" System -- Two: The European Monetary System -- 3: The Reasons for the System -- 4: The Mechanisms of the System -- 5: The System in Operation -- Three: The Future of the EMS: Technical Considerations -- 6: The Future Role of the ECU -- 7: The Convergence of National Economies -- 8: The Money Supply Question -- Four: The Future of the EMS: The Integration of Capital Markets and Banking Systems -- 9: A European Capital Market -- 10: A European Banking System -- Five: The Future of the EMS: Institutional Considerations -- 11: The Future European Monetary Fund -- Six: Other Countries -- 12: The United Kingdom -- 13: The New Member States -- Seven: Non-Community Countries -- 14: The United States of America, Japan, and Third World Countries -- Eight: The Future of the EMS — Towards an EMU? -- 15: Basic Considerations -- Conclusions -- Appendices.