Further Considerations on EMU: It will Create Instability and Destroy Employment
Walter Eltis
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Walter Eltis: Exeter College
Chapter 9 in Britain, Europe and EMU, 2000, pp 184-206 from Palgrave Macmillan
Abstract:
Abstract Gordon Brown has declared that: ‘The decision on a single currency must be determined by a hard-headed assessment of Britain’s economic interests.’1 This chapter argues that there are fundamental economic obstacles to British membership of EMU which will need to be taken into account, even if convergence with the European economies is apparently achieved.
Keywords: Exchange Rate; Interest Rate; European Central Bank; Monetary Union; Single Currency (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97755-2_9
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DOI: 10.1057/9780333977552_9
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