This paper examines the performance of sterling on international currency exchanges and the implications for the UK economy. Section 3 summarises the results from the EMU study published in 1996. Section four outlines the implications for Ireland of sterlings strength and considers the impact of a sudden 25 per cent depreciation in sterling onboth the Irish and the UK economies. Section five presents our conclusions.
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Paper provided by Economic and Social Research Institute (ESRI) in its series Papers with number
WP135.
Length: 44 pages Date of creation: Dec 2000 Date of revision: Handle: RePEc:esr:wpaper:wp135
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