Central banking in Europe - Governor's speech

Quarterly Bulletin 1990 Q1
Published on 01 March 1990

Discussing the role of central banks in the future of Europe's monetary arrangements, the Governor argues for a cautious and evolutionary approach to greater monetary integration. He stresses the importance to Stage 1 of the process of a shared commitment to internal price stability and currency stability: and suggests that the question of what comes after Stage 1, including the possibility of institutional change, be left until the issues can be addressed in the light of experience.

PDFCentral banking in Europe - Governor's speech


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