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An Evolutionary Path Towards a European Monetary Fund

Economists' Voice, 2018
Abstract There is no need for Europe to replicate the International Monetary Fund (IMF). The European Stability Mechanism (ESM) can provide the backstop for sovereigns, even without a financial contribution from the IMF. In this sense, the ESM already constitutes to a large extent a ‘European Monetary Fund’. Other IMF activities, such
Daniel Gros
exaly   +2 more sources

The European Monetary Fund

1984
A European Fund for Monetary Co-operation (EFMC) has, as a legal creation, existed since 1973. Unfortunately, at the time of its creation, it was not possible to reach an agreement on the permanent site of the Fund ———— the contestants being London and Luxembourg. Thus the following compromise was agreed upon.
Coffey Peter
exaly   +2 more sources

The European Monetary Cooperation Fund

1999
In addition to the reduction of fluctuation margins between Community currencies, the 1971 resolution announced the early establishment of a European Monetary Cooperation Fund ‘to be integrated at a later stage into the Community organisation of central banks.’ While the reduction of fluctuation margins had not been mentioned at the summit in The Hague
André Szasz, Szasz André
exaly   +2 more sources

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