ECU-EMS information. 4 1991 Monthly

Eurostat

Description

Theme 2 ISSN 1011-0844 Economy and finance Series Β Short-term trends ECU-EMS information IMPORTANT DEVELOPMENTS IN THE COMMISSION'S WORK PROGRAMME FOR STATISTICS ON THE ECU By its Decision of 25 February 1991, the Council of the currencies (cf. p.6). Leaving aside the slight differences in European Communities has created a Committee on the weighting systems used in the calculations (cf. Monetary, Financial and Balance of Payments Statistics. explanatory notes on pp. 9 and 10), this anomaly results This committee is composed of Member States' senior from the fact that inflation measured in national currencies, officials responsible for the statistics concerned (central despite relatively small weightings, is much higher for banks and national statistical offices), Commission Greece and Portugal, which do not participate in the representatives and observers from both the Committee of exchange-rate mechanism, than it is when measured in Governors of the Central Banks of the Community and the ecus. Monetary Committee. On the international bond market, five loans in ecus were At its first meeting on 11 April 1991 in Luxembourg, this issued in March 1991 for a total of ECU 2 135 million. committee approved the Commission's proposal to set up a At the beginning of March, Goldman Sachs issued a working party on ecu statistics.

Sujets

• Economie gestion

Informations

• Publié par: EUROSTAT
• Nombre de lectures: 10
• Langue: English

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