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Why the United Kingdom Should Join the Eurozone

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  • Willem H. Buiter

Abstract

The message of this paper is that the global financial crisis that started in August 2007 provides another powerful and sufficient argument for the United Kingdom to join the EMU and adopt the euro as soon as technically possible. This new financial stability argument for UK membership in the EMU is separate from and in addition to the conventional optimal currency arguments for joining, which have also become more persuasive in the past few years. Copyright 2008 The Author. Journal compilation 2008 Blackwell Publishing Ltd

Suggested Citation

  • Willem H. Buiter, 2008. "Why the United Kingdom Should Join the Eurozone," International Finance, Wiley Blackwell, vol. 11(3), pages 269-282, December.
  • Handle: RePEc:bla:intfin:v:11:y:2008:i:3:p:269-282
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    References listed on IDEAS

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    Cited by:

    1. J. James Reade & Ulrich Volz, 2009. "Too Much to Lose, or More to Gain? Should Sweden Join the Euro?," Economics Series Working Papers 442, University of Oxford, Department of Economics.
    2. Stefano d'Addona & Ilaria Musumeci, 2013. "The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules," Applied Financial Economics, Taylor & Francis Journals, vol. 23(23), pages 1783-1795, December.
    3. Bergin, Paul R. & Glick, Reuven & Wu, Jyh-Lin, 2017. "“Conditional PPP” and real exchange rate convergence in the euro area," Journal of International Money and Finance, Elsevier, vol. 73(PA), pages 78-92.
    4. BELAŞCU Lucian, 2016. "The Case of “EMU-Outsiders”: Economic and Political Considerations," European Journal of Interdisciplinary Studies, Bucharest Economic Academy, issue 01, March.

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