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Common unresolved problem with the EMS and EMU. (Record no. 45516)

MARC details
000 -LEADER
fixed length control field 00672nam a2200121Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260716043344.0
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name SALVATORE, Dominic
245 ## - TITLE STATEMENT
Title Common unresolved problem with the EMS and EMU.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1997
520 ## - SUMMARY, ETC.
Summary, etc. Points out that although establishing the EMU will overcome some of the pitfalls of the EMS which delayed the cause of monetary union in Europe, it will face the same basic problem as the EMS. Specifically, the EMS crises reinforced the belief that a nation cannot simultaneously have fixed exchange rates, unrestricted international financial capital flows, and even a semi-autonomous monetary policy.
583 ## - ACTION NOTE
Time/date of action 3/7/00
Action agent M2LMGR
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Analytic

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