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"British accession to the exchange rate mechanism: the politics of the strong currency option"

Andrews, David M. (1991) "British accession to the exchange rate mechanism: the politics of the strong currency option". In: UNSPECIFIED, Fairfax, Virginia. (Unpublished)

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    Abstract

    [From the precis]. This study provides a multi-dimensional analysis of the decision of British policy makers to join the exchange rate mechanism (ERM) of the European Monetary System (EMS) in October 1990, British monetary authorities are obliged to function within several different spheres simultaneously: the marketplace, the international state system, and the British political economy. Each of these spheres has its own distinct dynamics with respect to monetary policy. This study emphasizes the structure of the policy problem posed by changes in international markets, the role of multilateral bargaining within the European Community, and the linkage between domestic politics and British international monetary policy. Comparisons are drawn between the British experience and the adoption of the strong currency option by the French government in March 1983.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: Countries > U.K.
    Countries > France
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > EU institutions & developments > institutional development/policy > historical development of EC (pre-1986)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1991 (2nd), May 22-24, 1991
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 27 May 2007
    Page Range: p. 67
    Last Modified: 15 Feb 2011 17:46
    URI: http://aei.pitt.edu/id/eprint/7115

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