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1986 | OriginalPaper | Chapter

Greece and the European Monetary System

Author : Anna N. Manassakis

Published in: Greece and the EEC

Publisher: Palgrave Macmillan UK

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After a drastic reform of its foreign exchange and international trade system on 9 April 1953, Greece maintained a policy that was pegged to the dollar for about twenty years (until 19 October 1973). Following the breakdown of the Bretton-Woods system of fixed parities, the country operates a heavily managed floating regime where the exchange rate of the Greek drachma is adjusted on a daily basis.

Metadata
Title
Greece and the European Monetary System
Author
Anna N. Manassakis
Copyright Year
1986
Publisher
Palgrave Macmillan UK
DOI
https://doi.org/10.1007/978-1-349-08431-9_8