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Money. Monetary policy --- International finance --- Europe --- Monetary policy --- Politique monétaire --- European Monetary System (Organization) --- History. --- -EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.150.0 --- 334.151.20 --- 334.151.27 --- 92 --- 332.494 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Institutionele aspecten EG: algemeenheden. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europees monetair stelsel. --- Geschiedenis. --- -Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- History --- -History --- Histoire. --- 92 Geschiedenis. --- 92 Histoire. --- 92 History. --- Politique monétaire --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Institutionele aspecten EG: algemeenheden --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europees monetair stelsel --- Geschiedenis --- Système monétaire européen (Organization)

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Europese Unie ; economie --- Monetaire politiek --- Politique monétaire --- Union européenne ; économie --- Monetary policy --- Monetary unions --- Unions monétaires --- European Monetary System (Organization) --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.20 --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Politique monétaire --- Unions monétaires --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- Monetary policy - European Union countries. --- Monetary unions - European Union countries.

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European Monetary System (Organisation) --- FI / Finland - Finlande --- Monetary unions --- Unions monétaires --- European Monetary System (Organization) --- Economic and monetary union --- Monetary policy --- European Union countries --- 331.31 --- 333.431 --- 334.151.1 --- 334.151.20 --- 380.23 --- AA / International- internationaal --- AT / Austria - Oostenrijk - Autriche --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- PT / Portugal --- Economisch beleid --- Monetaire Unies --- EG : economisch en monetair beleid --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System)

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This chapter discusses various aspects of policy coordination in the European Monetary System (EMS). The purpose of the first paper in this chapter is to provide a survey of the process of European monetary integration, with focus on the EMS, its purposes, evolution, and the experience gathered since its establishment in early 1979. In its present stage of evolution, the EMS has developed a body of general institutional procedures to promote consistency among the policies and objectives of participating countries. The search for consistency inevitably gives rise to consequent constraints, such as those implicit in the specific rules on exchange rate and international reserve management that characterize the exchange rate mechanism (ERM). By drawing on an analysis of the role of monetary policy in balance of payments adjustment under different monetary systems and exchange rate arrangements, the second paper focuses on the crucial issues involved when an attempt is made to set rules for monetary policy coordination in a system of fixed but adjustable exchange rates such as the EMS.

Money --- European Monetary System (Organization) --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- Investments: Metals --- Exports and Imports --- Foreign Exchange --- Inflation --- Money and Monetary Policy --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Price Level --- Deflation --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Financial Aspects of Economic Integration --- Current Account Adjustment --- Short-term Capital Movements --- Currency --- Foreign exchange --- Monetary economics --- Macroeconomics --- International economics --- Investment & securities --- Exchange rates --- Monetary base --- Currencies --- Exchange rate arrangements --- Prices --- Monetary unions --- Economic integration --- Money supply --- Balance of payments --- United States

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International finance --- European Union --- Monetary unions --- Euro --- Banks and banking --- Unions monétaires --- Euro (Monnaie) --- Banques --- Congresses. --- Congrès --- European Monetary System (Organization) --- European Central Bank --- European currency unit --- Money --- AA / International- internationaal --- 334.151.20 --- 333.453 --- 334.151.25 --- Economic and Monetary Union --- Monetary policy --- -Fiscal policy --- -Monetary unions --- -332.4566094 --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Internationale munt. Rekeneenheden. --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro. --- Government policy --- Unions monétaires --- Congrès --- 332.4566094 --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Value --- Coinage --- Gold --- Silver --- Silver question --- Wealth --- ECU (Unit of account) --- Internationale munt. Rekeneenheden --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro --- Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- EZB --- Európska centrálna banka --- European currency unit - Congresses --- Money - European Union countries - Congresses --- Monetary unions - European Union countries - Congresses