European monetary stability - Governor's speech

Quarterly Bulletin 1993 Q4
Published on 01 December 1993

In a speech to the American Chamber of Commerce on 22 September, the Governor discussed Europe's monetary and exchange rate arrangements in the light of the pressures which forced the widening of the ERM bands. He argued that exchange rate stability within Europe is important in order to realise the full benefits of the single market, but is best achieved by EC countries committing themselves to the pursuit of domestic price stability.

PDFEuropean monetary stability - Governor's speech


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