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The following was removed from the bottom of the page. I decided to stick it here in case anyone feels like fixing or replacing it

==External links== *[http://www.kb.cz/NASA/utility/SRVFrame?p=/en/euro/clanek_4.shtml The European Monetary System in 1978] it's not working Error 404

Chris Jefferies 1 July 2005 07:07 (UTC)

If there is new information in the draft that is not in the article, the article should be updated. Robert McClenon ( talk) 18:35, 27 March 2020 (UTC) reply

WP:ER I think the overall syntax of this article could use some improvement. The meaning of some of the sentences is not very clear. Inygo ( talk) 20:50, 7 October 2020 (UTC) reply

Inygo The article should be good now. I copy edited the article and removed the copy edit template. If you have any input I would love to hear your thoughts. TheMadDesperado ( talk) 16:58, 4 January 2021 (UTC) reply

I have been copy editing this article and I found some information that doesn't seem to agree with the rest of the article. It may be that the info is correct and should be incorporated, or it may not be accurate and need to be removed. I am pasting the passage below. I have not copy edited this yet since I don't know if it will end up in the article, so excuse the syntax and grammar errors. The statement that #3 and #4 on this list are part of the EMS is not supported anywhere else in the article. If they are, then I need help verifying and citing. Also, is there a way to tag Wikipedians who are economics SMEs?

The EMS has four basic functional arrangements are:

1.The ECU: With this arrangement, member currencies agreed to keep their foreign exchange rates within agreed bands with a narrow band of +/− 2.25% and a wide band of +/− 6%.

2. An Exchange Rate Mechanism (ERM) : The main aim was to reduce exchange rate variability and achieve monetary stability.

3. An extension of European credit facilities : The aim was to provide enough credit facilities for a country that is ready to proceed to its convertibility in order to get loan easily. ^[1]

4. The issue of a new reserve asset, to create European Monetary Cooperation Fund: created in October 1972 and allocated ECU to members' central banks in exchange for gold and US dollar deposits.

I'm not able to find the verification for #3 in the referenced paper, but maybe the information is right under my nose! Thanks! TheMadDesperado ( talk) 15:58, 4 January 2021 (UTC) reply

I copy edited the entire article since it was tagged with the copy edit template. Besides help with the above question, if any econ SME wants to look over the entire article, I would love your feedback! I tried to give the article a good flow in the History section. I definitely tried to stay true to the original intent, unless I thought something was incorrect based on the sources. Is anything in the article misleading or disjointed? Thanks! TheMadDesperado ( talk) 16:53, 4 January 2021 (UTC) reply