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To fix exchange rates and to enter the general European currency
Time the decision on introduction of uniform European currency is accepted the European Union
And the concrete mechanism of its functioning - a comment is subject to the coordination
- >. But if these offers encounter resistance we will have
Competition between national currencies within Europe.
The competition in the EUROPEAN ECONOMIC COMMUNITY context accepted Vaubelem (1979), are repeatedly noted
Wood (1979) and subsequently are stated by Nigel Lawson (at that time the minister
The finance of Great Britain) in the report (HM Treasury, 1989) at a meeting of ministers
The EUROPEAN ECONOMIC COMMUNITY finance.> thanks to this simple measure motives of prestige and extraction
Profits will start to work on
Maintenance of stability of money.
In total in 12 years the offer which has been put forward by professor Hayek in this book,
Has ceased to be "politically impossible" and now is in limits
Reach. We should use this chance.
Dzheffri I. Wood,
The professor of economy,
City University Business School
The chapter I. The practical offer
Monetary circulation freedom
This offer is more realizable, than utopian idea of the European currency
Principle of free trade in a banking
How to prevent the government to hide depreciation of money
My specific proposal for the near future and, simultaneously, an occasion for
Researches of the system going much further, consists in the following:
The Common market countries, it is desirable together with neutral European
The states (and later, probably, and with the countries of the North America) accept
Mutual obligations by the conclusion of the formal contract - not
To interfere with the free reference in the territories of currencies of the countries-participants
(Including gold coins) and not to limit to a different way of freedom of activity
Any banking establishment lawfully founded in territory of any of
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