The Case for a New ECU

25 years since the ECU was established, this work analyzes the situation in the international monetary system, where the prevailing disorder is disrupting economies, undermining growth, provoking protectionism and threatening to set the nations against each other.

Inhalt
The parable of the Master Taylor and his pair of scissors; the keys to monetary analysis; future monetary possibilities; how money is created - some fables and comedies; waiting in the wings - the bankers' clearing mechanism; the other side of the coin; the president's three percent; M1, M2, M3 and the rest; the hidden virtue of the gold standard; mingling with the crowd at the IMF - the "American connection"; from a full value ECU to a constant ECU; how to sell a currency which is better than all the others; an ocean of red ink; economic asphyxiation; monetary regulation - regrets and hopes; investment and employment - a doubt, a reconsideration and a proposal; back to the thirties; towards a New Bretton Woods?; chaos in the foreign exchanges; "great nations - not many ideas".