9. The EMS Crises

Chapters in this book

1. Frontmatter i
2. Contents v
3. List of Figures vii
4. Foreword ix
5. Abbreviations Used in Text xiii
6. Introduction 1
7. 1. A Napoleonic Prelude 29
8. 2. The Origins of the Committee of Governors 36
9. 3. The Response to Global Monetary Turbulence 62
10. 4. The Snake and Other Animals 89
11. 5. Negotiating the European Monetary System 146
12. 6. The Malaise of the 1980s 181
13. 7. The Delors Committee and the Relaunching of Europe 210
14. 8. Designing a Central Bank 265
15. 9. The EMS Crises 324
16. Conclusion: The Euro and the Legacy of the Committee of Governors 382
17. Appendix A: Maastricht Treaty Text and Committee of Governors’ Draft of the Statute of the European Monetary Institute 403
18. Appendix B: Maastricht Treaty Text and Committee of Governors’ Draft of the Statute of the European Central Bank 425
19. Appendix C: Dramatis Personae 463
20. Appendix D: Members of the Committee of Governors 477
21. Appendix E: Committee for the Study of Economic and Monetary Union (Delors Committee), 1988– 1989 481
22. Appendix F: Chairmen of the Monetary Committee of the European Community, 1958– 1998 483
23. Appendix G: European Commission Presidents and Commissioners for Economics and Finance, 1958– 485
24. Appendix H: Chronology 487
25. Appendix I: Interest Rates and Fiscal Balance 499
26. Notes 505
27. Acknowledgments 557
28. Index 559