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EC Monetary Arrangements: Britain’s Strategy

In: Britain within the European Community

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  • David T. Llewellyn

Abstract

The EC has not been short of plans for formal monetary integration. In the second half of the 1960s, a series of proposals (notably the Barre and Schiller plans1) were made with a view to inducing a greater degree of monetary integration between members. The Werner Report was an attempt at reconciling fundamentally conflicting approaches to monetary integration particularly over the issue of whether a fixed exchange rate mechanism was to be the spur to policy co-ordination, or the culmination of a general process of convergence — see El-Agraa (1980a). In December 1969 the EC Heads of State agreed to establish full Economic and Monetary Union (EMU) by 1980.

Suggested Citation

  • David T. Llewellyn, 1983. "EC Monetary Arrangements: Britain’s Strategy," Palgrave Macmillan Books, in: Ali M. El-Agraa (ed.), Britain within the European Community, chapter 13, pages 251-270, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17136-1_13
    DOI: 10.1007/978-1-349-17136-1_13
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