European Monetary System

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The European Monetary System (EMS) was a system where most of the nations of the European Economic Community (EEC) would have their currencies merged together. It was created in 1979 under then President of the European Commission Roy Jenkins.[1]

References[change | change source]

  1. Alogoskoufis, George; Giavazzi, F.; Giovannini, A. (1991). "Limiting Exchange Rate Flexibility: The European Monetary System". Economica. 58 (230): 261. doi:10.2307/2554656. ISSN 0013-0427. JSTOR 2554656.