United Kingdom Euro Scenarios Assessed

John Ryan

No 2009_09, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

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 UK membership.

Keywords: UK Economy; Eurozone; Euro; Sterling; European Central Bank (search for similar items in EconPapers)
JEL-codes: E12 E41 E52 E60 F02 (search for similar items in EconPapers)
Pages: 12
Date: 2009
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