Private ECUs: Unhappy triad
- 1 September 1986
- journal article
- Published by Walter de Gruyter GmbH in Intereconomics
- Vol. 21 (5) , 224-231
- https://doi.org/10.1007/bf02926976
Abstract
The growing use of the European Currency Unit (ECU) in private transactions is often expected to produce a decisive impetus towards monetary integration within Europe. On the other hand, critics warn of the monetary risks of increased private use of the ECU. What are the opportunities and risks associated with the ECU? Is the importance of the ECU exaggerated at present?Keywords
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