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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https://doi.org/10.1057/9780230614093The project that has been expounded in these pages boils down to organising the gradual creation by a group of Eurobanks (the consortium) of a mass of means of payment which is extranational (that is, reserved for use in international trade) and denominated in a new monetary unit that is equipped with an exceptional property.

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Book 1991ng the ECU as a payment and reserve currency for use in the EEC‘s external trade. In the external market the choice of currency is free and a brand new currency will only be chosen if it is better than all the alternatives and if it has been successfully ‘promoted‘.

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A Perspective of the Congregations, This area has no currency of its own, nor has it a central bank. Within this same area there is also the Euromarket. Virgin territory of this kind offers exceptional opportunities. The aim now is to imagine the kind of banking and monetary organisation that must be created for this new market so as

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A Perspective of the Congregations,nised. The private ECU will be no exception to this rule: it will not be able to work without a system of its own, which will also have to be private and will need to be designed in the light of the lessons that may be learnt from the models that we have before our eyes, which have been analysed at

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