European Monetary Cooperation Fund
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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. It was succeeded by the European Monetary Institute which is now part of the European Central Bank.
- "Regulation establishing the European Monetary Cooperation Fund (3 April 1973)". Retrieved 2015-01-16.
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
- "European Monetary Cooperation Fund". Retrieved 2009-03-10.
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