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European Monetary Cooperation Fund

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Title: European Monetary Cooperation Fund  
Author: World Heritage Encyclopedia
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Subject: European Monetary System, European Monetary Institute, History of the euro, Bodies of the European Union, Cecil de Strycker
Collection: Bodies of the European Union
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European Monetary Cooperation Fund

Part of a series on the
History of the
European Union
EU enlargement between 1958 and 2013
European Union portal

The European Monetary Cooperation Fund (EMCF) is an institution and a fund established in 1973 by members of the European Exchange Rate Mechanism (ERM) of the European Union (EU) to stabilise exchange rates.[1] It was succeeded by the European Monetary Institute which is now part of the European Central Bank.[2]

References

  1. ^ "Regulation establishing the European Monetary Cooperation Fund (3 April 1973)". Retrieved 2009-03-10. On 3 April 1973, the Council adopts a Regulation establishing the European Monetary Cooperation Fund (EMCF). As Pierre Werner had envisaged in his ‘Report concerning the stage-by-stage implementation of economic and monetary union', the EMCF was initially placed under the authority of the governors of the central banks and was later to be integrated into a Community of central banks organisation 
  2. ^ "European Monetary Cooperation Fund". Retrieved 2009-03-10. 
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