Filc, Wolfgang; Kuhlmann, Jörg - In: Intereconomics : review of European economic policy 17 (1982) 6, pp. 268-273
Critics of the EMS claim that it has failed to realise the hopes aroused at the time of its inception; a convergence of economic policies, they maintain, has not been induced by fixed exchange rates. What is the true position with regard to the convergence of economic policies?
