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Why the United Kingdom Should Join the Eurozone

Willem Buiter ()

International Finance, 2008, vol. 11, issue 3, 269-282

Abstract: The message of this paper is that the global financial crisis that started in August 2007 provides another powerful and sufficient argument for the United Kingdom to join the EMU and adopt the euro as soon as technically possible. This new financial stability argument for UK membership in the EMU is separate from and in addition to the conventional optimal currency arguments for joining, which have also become more persuasive in the past few years. Copyright 2008 The Author. Journal compilation 2008 Blackwell Publishing Ltd

Date: 2008
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