In the twelve months preceding the conclusion by the EFTA countries and the EC of the agreement on the establishment of a common European Economic Area in October 1991, the three Skandinavian EFTA members-Norway, Finland and Sweden-decided to tie their currencies to the ECU. What objectives do...

The creation of the European Monetary Union (EMU) was a unique event in history: eleven countries gave up essential competences in the field of monetary policy in order to introduce a single common currency, called Euro. While the European Central Bank (ECB) was established, the illtional...

In the twelve months preceding the conclusion by the EFTA countries and the EC of the agreement on the establishment of a common European Economic Area in October 1991, the three Scandinavian EFTA members - Norway, Finland and Sweden - decided to tie their currencies to the ECU. What objectives...