© 1989

The ECU and European Monetary Integration

  • Paul De Grauwe
  • Theo Peeters

Table of contents

  1. Front Matter
    Pages i-xx
  2. Michael D. Bordo, Anna J. Schwartz, Paul De Grauwe
    Pages 1-24
  3. Polly Reynolds Allen, Daniel Gros
    Pages 25-58
  4. Alfred Steinherr, Jacques Melitz
    Pages 59-90
  5. David F. Lomax, Herbert Christie
    Pages 119-147
  6. Alfonso Jozzo, André Louw
    Pages 148-193
  7. Paul De Grauwe, Theo Peeters
    Pages 194-213
  8. Back Matter
    Pages 215-222

About this book


The creation of the ECU in 1979 as part of the newly established European Monetary system was greeted with widespread scepticism, few predicted the success it would have in private financial markets. The macroeconomic and microeconomic implications of the ECU and its significance for monetary integration in Europe are considered by a variety of contributors from academics to those in banking circles. Current research is examined and the theoretical and empirical aspects of the emergence of the ECU as a vehicle for European policy-making are considered to provide insights as to its future development.


European Central Bank financial markets macroeconomics microeconomics money

Editors and affiliations

  • Paul De Grauwe
    • 1
  • Theo Peeters
    • 1
  1. 1.Catholic University of LeuvenBelgium

Bibliographic information