UK membership of the EMS: time for another look?

Bill Stewart

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Abstract

The UK is a member of the EMS but does not participate in its most important element, the exchange rate regime. The UK expressed a willingness to join when "conditions were appropriate" but so far has never found any set of conditions to be appropriate. Should the UK now join the EMS in the expectation of enjoying greater
exchange rate stability against a group of countries which form its major
trading partner by far - accounting for 43% of its visible trade in 1980?
Original languageEnglish
Pages (from-to)42-43
Number of pages2
JournalQuarterly Economic Commentary
Volume9
Issue number1
Publication statusPublished - Aug 1983

Keywords

  • European Monetary System
  • EMS
  • UK economy
  • European Economic Community (EEC)

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