Alors qu'il n'est plus inconvenant d'imaginer une sortie de la Grèce, voire d'autres pays, de la Zone euro, on ne peut s'empêcher de réexaminer les différentes étapes qui nous ont conduits à la monnaie unique. Avant le choix décisif fait à la fin des années 80, une monnaie avait...

It is common practice to have subjects make decisions which pay out in a fictitious experimental currency. Earnings in the experimental currency are then converted to cash at the end of the experiment. Like many practices in experimental economics, however, these procedural choices seems to be...

Requirements for embedded systems are mainly documented using natural language. This is due to the fact that natural language does not require special nomenclature knowledge and is accepted as the basis for contractual agreements. However, purely natural-language-based requirements engineering...

This paper examines different properties of the regional currency unit (RCU) in Asia and estimates the value of the RCU as a weighted average of East Asian currencies according to the method used to calculate the ECU under the EMS. The basket feature of the RCU yields benefits and costs. First,...

The paper presents an estimation of Euroland's foreign trade with the rest of the world based on the exports and imports of the eleven member states of the European Monetary Union according to their Systems of National Accounts (SNA). In order to isolate the trade with the rest of the world from...

The paper presents an estimation of Euroland's foreign trade with the rest of the world based on the exports and imports of the eleven member states of the European Monetary Union according to their Systems of National Accounts (SNA). In order to isolate the trade with the rest of the world from...

Evidence from the past three years indicates that the exchange rate between the private ECU and the official ECU Basket can deviate substantially from par. The value of the private ECU is driven by expectations that a future European Central Bank will enforce par convertibility between the...

In the years since the SDR was created, the international monetary system has experienced a number of profound changes. The present paper sketches the effects of these changes on perceptions of the role that the SDR can and should play in that system

The European Currency Unit (ECU) was officially introduced in March 1979 and has joined the ranks of innovative financial products that are rapidly appearing. The purpose of the paper is to explore the properties of the ECU and analyze those characteristics of the ECU, and products denominated...

The UK has often looked abroad in search of a successful approach to managing the economy, e.g. lessons were taken up in the 1960s from French planning, from worker participation in Germany in the 1970s, from monetarism in the USA in the 1980s and, in the 1990s, from Japan and South East Asia,...