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Britain’s Entry Into and Exit From Europe’s Exchange Rate Mechanism, 1990–92, and the Subsequent Pursuit of EMU

In: International Macroeconomics

Author

Listed:
  • Graham Bird

    (University of Surrey)

Abstract

Every so often a sequence of events occurs in the real world that seems custom-made to illustrate basic economic principles. The UK’s flirtation with the European Exchange Rate Mechanism (ERM) at the beginning of the 1990s — joining in October 1990 and leaving in September 1992 — represents just such a sequence. It is difficult to imagine a better designed case study of the international macroeconomics developed throughout the earlier chapters of this book.

Suggested Citation

  • Graham Bird, 1998. "Britain’s Entry Into and Exit From Europe’s Exchange Rate Mechanism, 1990–92, and the Subsequent Pursuit of EMU," Palgrave Macmillan Books, in: International Macroeconomics, edition 0, chapter 10, pages 143-152, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37229-0_10
    DOI: 10.1057/9780230372290_10
    as

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