FIVE YEARS AGO IN FXW

FIVE YEARS AGO IN FXW

Conference Speakers Pronounce ERM Dead

Speakers at the third annual Dow Jones Telerate FX conference in London last week conducted what was in essence a funeral service for the European Monetary System and its Exchange Rate Mechanism--although some suggested the ERM might still have an afterlife in the European Monetary Union.

FXW

, February 21, 1994

Editor's note:

Shortly before this conference, the European Monetary Institute (EMI) was established as the forerunner of the European Central Bank

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