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Palgrave Macmillan

A Stable External Currency for Europe

  • Book
  • © 1991

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Authors:
  1. Jacques Riboud
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About this book

The author does not believe that the governments of the European Community - even supposing that they can agree on the matter - will succeed in imposing 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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Table of contents (18 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction

    • Jacques Riboud
    Pages 1-8

  3. The Consortium and its Interbank Office: Seigniorage

    • Jacques Riboud
    Pages 9-32

  4. The Consortium and its Interbank Office: A Currency to be ‘Sold’

    • Jacques Riboud
    Pages 33-40

  5. The Central Interbank Office: A Simulation

    • Jacques Riboud
    Pages 41-49

  6. The Consortium: A Simulation

    • Jacques Riboud
    Pages 50-55

  7. Banks Outside the Consortium: A Simulation

    • Jacques Riboud
    Pages 56-59

  8. From the ECU to the ES

    • Jacques Riboud
    Pages 60-73

  9. A Currency that is Better than All the Others

    • Jacques Riboud
    Pages 74-91

  10. The Economist Presents the ‘Phoenix’

    • Jacques Riboud
    Pages 92-105

  11. Exchange Risks and Real Interest Rates

    • Jacques Riboud
    Pages 106-113

  12. Adjusting Exchange Rates by the Use of Targeted Creeping Rates

    • Jacques Riboud
    Pages 114-135

  13. Stage 3: On the European Scene

    • Jacques Riboud
    Pages 136-147

  14. An Internal Currency and an External Currency

    • Jacques Riboud
    Pages 148-158

  15. By Extrapolation: Stage 4

    • Jacques Riboud
    Pages 159-167

  16. The Theoretical Foundations of an Extranational Composite Currency with Stable Purchasing Power, and their Implications

    • Jacques Riboud
    Pages 168-181

  17. From Abstract Theory to the Reality of Practice (with the ES in mind)

    • Jacques Riboud
    Pages 182-201

  18. In Order to Explain the ES: Some Thoughts on Bank Money

    • Jacques Riboud
    Pages 202-213

  19. Epilogue: A Letter to a European

    • Jacques Riboud
    Pages 214-222

  20. Back Matter

    Pages 223-228
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