The European Monetary System - Past, Present and Future

List of Contents -- One: The Background to the European Monetary System -- 1: An Economic and Monetary Union: The earlier plans -- 2: The Experience of the “Snake” System -- Two: The European Monetary System -- 3: The Reasons for the System -- 4: The Mechanisms of the System -- 5: The System in Operation -- Three: The Future of the EMS: Technical Considerations -- 6: The Future Role of the ECU -- 7: The Convergence of National Economies -- 8: The Money Supply Question -- Four: The Future of the EMS: The Integration of Capital Markets and Banking Systems -- 9: A European Capital Market -- 10: A European Banking System -- Five: The Future of the EMS: Institutional Considerations -- 11: The Future European Monetary Fund -- Six: Other Countries -- 12: The United Kingdom -- 13: The New Member States -- Seven: Non-Community Countries -- 14: The United States of America, Japan, and Third World Countries -- Eight: The Future of the EMS — Towards an EMU? -- 15: Basic Considerations -- Conclusions -- Appendices.