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Development of the use of the ECU : legal aspects.

By:

Louis, Jean-Victor

Material type: Text

TextPublication details: 1991Action note:

3/7/00 M2LMGR

Summary: Notes that while the official ECU has the legal characteristics of a currency it should still be considered as a developing or quasi-currency. On the other hand, it has also experienced success as a deposit and credit instrument, and to a lesser extent as a market instrument. The development of this 'private' ECU - a market creation made possible by the free movement of payments and capital and the abolition of restrictive measures, while authorised by the law, is only controlled by the law to a limited extent.

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Item type	Current library	Status	Barcode
Analytic	CARICOM Documentation Centre	Available	0000000014782

Notes that while the official ECU has the legal characteristics of a currency it should still be considered as a developing or quasi-currency. On the other hand, it has also experienced success as a deposit and credit instrument, and to a lesser extent as a market instrument. The development of this 'private' ECU - a market creation made possible by the free movement of payments and capital and the abolition of restrictive measures, while authorised by the law, is only controlled by the law to a limited extent.

3/7/00 M2LMGR

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