haku: @author Dunn, R. / yhteensä: 1
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| Tekijä: | Dunn, R. |
| Otsikko: | EMU without Britain: reasons for scepticism |
| Lehti: | Economic Affairs
1998 : SEP, VOL. 18:3, p. 45-51 |
| Asiasana: | ECONOMICS UNITED KINGDOM EUROPEAN MONETARY SYSTEM |
| Kieli: | eng |
| Tiivistelmä: | This paper applies the theory of optimum currency areas to the question of which countries could be expected to be successful members of EMU if the monetary union does not include Britain, and is therefore led by the Bundesbank. Correlation matrices are prepared for potential members of EMU for recent years to see which countries would have tended to agree on a monetary policy and which would frequently disagree. The statistics strongly suggest that the Bank of England would be a far more successful leader of EMU than would the Bundesbank. |
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