The UK and the Eurozone
AbstractThe article reviews the case for the UK to join the Eurozone by way of presenting a review of HM Treasury's widely well-regarded "Euro Report" (2003). The review provides an opportunity to rehearse and update the elements of optimum currency area (OCA) theory. In particular, the study draws attention to fresh estimates of the trade effect of the UK's adhesion to the Eurozone, the small size of which sharply contrasts with earlier estimates. They substantially remove a challenge to the Report's negative conclusion. The study sets the review in the perspective of public opinion surveys and HM Government's decisions. (JEL codes: E42, F0, F15) Copyright 2006, Oxford University Press.
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Bibliographic InfoArticle provided by CESifo in its journal CESifo Economic Studies.
Volume (Year): 52 (2006)
Issue (Month): 1 (March)
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- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- F0 - International Economics - - General
- F15 - International Economics - - Trade - - - Economic Integration
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