| Description | Includes reports on the proposed European Monetary System (EMS), including the Green Paper presented to Parliament by the Chancellor of the Exchequer 1978; paper on the aims and achievements of EMS 1984; discussion of possible UK membership of the Exchange Rate Mechanism (ERM), including Treasury and Civil Service Select Committee report on the Financial and Economic Consequences; the 'Very Short Term Facility' (VSTF), to allow central banks of member states to intervene in the foreign exchange markets using Community currencies; speech by Anthony Loehnis, Executive Director for Overseas Affairs, on european currency and a European Central Bank 1988; work towards a European System of Central Banks; operational requirements of an ERM currency, or the ecu; draft of a speech to the European Parliament, Strasbourg, on European Economic and Monetary Union, July 1990. |