United Kingdom Eurozone Entry Scenarios Evaluated

John Ryan

No 2009.9, Working Papers from International Network for Economic Research - INFER

Abstract: After 10 years of abstinence from the European Monetary Union, should the UK be seriously thinking about joining the Eurozone? Especially in view of the European Central Bank s improved reputation as a crisis manager in the wake of the financial crisis, could EMU represent a safe haven for the UK economy? Would it be wise for Britain to attach itself to the reserve currency Euro to avoid the perils of drifting alone on a storm-tossed open sea? These are big questions. They have been debated in the UK for a generation and have become relevant again during the current financial and economic crises. I will in this short paper assess three scenarios regarding the UK and the Euro – UK entry, EMU collapses before a UK entry, No UK entry and I will discuss the Eurozone view on potential UK membership.

Keywords: UK Economy; Eurozone; Euro; Sterling; European Central Bank (search for similar items in EconPapers)
Pages: 13 pages
Date: 2009
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
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