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A BRIEF RETROSPECT ON EUROPEAN INTEGRATION
THE FUTURE EUROPEAN MONETARY FUND
THE INTERNATIONAL IMPLICATIONS OF THE EMS
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achieved adjustments agreement American arrangements Atlantic Board of Governors central banks central rates Classical Europe Common Agricultural Policy Common Market conditionality convergence created creation credit mechanisms creditor debtor decisions developments dollar rate Economic and Monetary economic policies ecu's effective EMS currencies EMS exchange-rate system Europe's European Commission European Council European Currency European Currency Unit European Defense Community European federation European integration European Monetary Fund European Monetary System European unity exchange rate Executive Board foreign policy France German Giscard gold important initial institutions INTERNATIONAL FINANCE International Monetary Fund international monetary system intervention Managing Board medium-term credits member countries ments Ministers of Finance monetary authorities monetary policy monetary relations monetary stability Monetary Union neo-functional nomic participating policy and defense political powers problems reserve asset result role Schmidt SDRs Short-Term Monetary Support snake staff strategy Szasz tary tion tional Treaty of Rome United worldwide zone of monetary