Britain and the euro

Andrew Hughes Hallett

Atlantic Economic Journal, 2002, vol. 30, issue 3, 335-348

Abstract: Britain's possible entry into the Eurozone has proved highly controversial, both on economic and political grounds. The British government has set up a series of tests to be satisfied before entry. Besides being vaguely defined, these tests are time dependent. This paper attempts to evaluate the case for British entry on more general Optimal Currency Area criteria, and argues that the failure of some of these criteria would provide a logical explanation of the British reluctance to join. Copyright International Atlantic Economic Society 2002

Date: 2002
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DOI: 10.1007/BF02298429

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