Greece and the European Monetary System

  • Anna N. Manassakis
Part of the University of Reading European and International Studies book series (UREIS)


After a drastic reform of its foreign exchange and international trade system on 9 April 1953, Greece maintained a policy that was pegged to the dollar for about twenty years (until 19 October 1973). Following the breakdown of the Bretton-Woods system of fixed parities, the country operates a heavily managed floating regime where the exchange rate of the Greek drachma is adjusted on a daily basis.


Exchange Rate Gross Domestic Product Inflation Rate Central Rate European Monetary System 
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© The Graduate School of European and International Studies 1986

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  • Anna N. Manassakis

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