A hypothetical history: Had Britain entered EMU

Author (Person)
Publication Date January 2009
Content Type

Suppose that Britain had entered the euro when it was founded at the beginning of 1999, instead of spending ten years inventing reasons as to why entry would be a bad idea. It is commonly assumed that this would have been a terrible mistake, and that loss of the exchange-rate instrument would have imposed a catastrophic cost on the economy. The intent of this paper is to examine this contention.

Source Link http://www.petersoninstitute.org/publications/papers/williamson1108.pdf
Subject Categories
Countries / Regions