List of Contents.- One: The Background to the European Monetary System.- 1: An Economic and Monetary Union: The earlier plans.- 2: The Experience of the "Snake" System.- Two: The European Monetary System.- 3: The Reasons for the System.- 4: The Mechanisms of the System.- 5: The System in Operation.- Three: The Future of the EMS: Technical Considerations.- 6: The Future Role of the ECU.- 7: The Convergence of National Economies.- 8: The Money Supply Question.- Four: The Future of the EMS: The Integration of Capital Markets and Banking Systems.- 9: A European Capital Market.- 10: A European Banking System.- Five: The Future of the EMS: Institutional Considerations.- 11: The Future European Monetary Fund.- Six: Other Countries.- 12: The United Kingdom.- 13: The New Member States.- Seven: Non-Community Countries.- 14: The United States of America, Japan, and Third World Countries.- Eight: The Future of the EMS - Towards an EMU?.- 15: Basic Considerations.- Conclusions.- Appendices.
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