Abstract
This simulation applies more particularly to the ES (stable ECU or Eurostable). It presupposes, in fact, that the consortium will gradually have replaced its old ECU customers with ES customers. It will retain the exclusive right to issue transaction ES for a long time, which will have an effect on its relations with outside banks. This is true of the following example.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1991 Jacques Riboud
About this chapter
Cite this chapter
Riboud, J. (1991). Banks Outside the Consortium: A Simulation. In: A Stable External Currency for Europe. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11821-2_6
Download citation
DOI: https://doi.org/10.1007/978-1-349-11821-2_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11823-6
Online ISBN: 978-1-349-11821-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)