This book examines the establishment and early operational years of the European Monetary System (EMS) from 1979 to 1982. Authored by individuals with apparent expertise in the field, it delves into the complex economic and political landscape that shaped the EMS. The work likely analyzes the motivations behind its creation, the mechanisms employed, and the initial challenges and successes encountered during its formative period.

This book is likely regarded as a detailed historical account of a significant period in European economic integration. Its focus on the early years of the EMS suggests it serves as a foundational text for understanding the system's development. The authors' presumed expertise indicates a thorough and analytical approach to the subject matter, likely appealing to academics, policymakers, and students of European economic history.