scholarly journals A new exchange rate mechanism for the Euro age

1996 ◽  
Vol 31 (6) ◽  
pp. 277-281
Author(s):  
Christa Randzio-Plath
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Mechanism ◽  
Rate Mechanism

Article 142 TFEU

2019 ◽  
Author(s):  
Leo Flynn
Keyword(s):  
Exchange Rate ◽  
Member State ◽  
Exchange Rate Policy ◽  
Common Interest ◽  
Member States ◽  
Exchange Rate Mechanism ◽  
Rate Policy ◽  
The Exchange Rate ◽  
Rate Mechanism

Article 124(1) EC Each Member State with a derogation shall treat its exchange-rate policy as a matter of common interest. In so doing, Member States shall take account of the experience acquired in cooperation within the framework of the exchange-rate mechanism.

4. Single market, single currency

2018 ◽  
pp. 56-68
Author(s):  
Simon Usherwood ◽  
John Pinder
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Financial Crises ◽  
Single Market ◽  
Political Commitment ◽  
Single Currency ◽  
Exchange Rate Mechanism ◽  
Legislative Framework ◽  
Competitive Behaviour ◽  
Rate Mechanism

Monetary union requires that money in all its forms be able to move freely across frontiers between member states and that exchange rates changes between them be abolished. ‘Single market, single currency’ explains how the single market programme went far towards fulfilling the first requirement and the Exchange Rate Mechanism prepared the ground for the second. The legislative framework guarantees producers an extensive market and consumers a reasonable assurance of competitive behaviour between them. The euro was initially acclaimed as marking a new stage in European integration, but recent financial crises have exposed the flipside of this, with the euro as the crucible of political commitment to the EU.

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