Occasional papers european monetary system developments perspectives occ paper no 73 international monetary fund international monetary fund des milliers de livres avec la livraison chez vous en 1 jour ou en magasin avec 5 de reduction . The european monetary system developments and perspectives item preview remove circle share or embed this item embed embed for wordpresscom hosted blogs and archiveorg item description tags want more advanced embedding details examples and help . This study reviews developments in the european monetary system from the beginning of 1983 to august 1986 it updates and complements an earlier study prepared by staff members of the international monetary fund and published occasional paper no 19 which covered the time period from the inception of the european monetary system to the end of 1982. This paper discusses various developments and perspectives of the european monetary system ems there have been three phases in the development of the ems from its beginning in march 1979 to march 1983 can be seen as a phase of trial and orientation from march 1983 to 1987 can be described as one of consolidation and the basle nyborg agreement marked the end of the consolidation phase . Monetary system after the financial crisis occasional paper series no 123 february 2011 by ettore dorrucci and julie mckay1 the international monetary system after the financial crisis 1 european central bank ettoredorrucciecbeuropaeu juliemckayecbeuropaeu the views expressed in this paper do not necessarily reflect those of the european central bank the authors would like to