Thatcher, the reluctant bride
Article Abstract:
The opposition of the British Prime Minister Margaret Thatcher to membership in the European Monetary System (EMS) exchange rate pact is responsible for concern at home and abroad. Some British officials claim that Thatcher's refusal ia motivated by domestic politics rather than economic realities. Other officials support the status quo, despite the danger of self-isolation. Ideas for strengthening EMS and British participation are expected to be discussed at the Hanover summit meeting of the European Community (EC) in Jun 1988. Some Europeans consider a rapid move towards monetary union as an essential precondition for an integrated, single market. Refusal to participate in the EMS exchange rate pact could cost Britain its influence in EC affairs.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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The growing 'will' to make EMS work
Article Abstract:
Skeptics of the value of the European Monetary System (EMS) have been confounded by the organization's success in promoting foreign exchange stability as it approaches its ninth anniversary in Mar 1988. The EMS system of eight participating currencies remains largely intact, and system proponents argue that inflation differentials have significantly narrowed among EMS member countries. EMS is seen as critical to the idea of a United Europe. A Franco-German proposal to found a new Association for the Monetary Union of Europe is being delayed by the personal opposition of British Prime Minister Margaret Thatcher. The state of the Italian lira, US dollar, and other currencies is discussed.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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Echoes of 'big bang': even the crash won't discourage the deregulators
Article Abstract:
The Oct 19, 1987 stock market crash left financial liberalization in Europe intact. The next expected step in liberalizing European financial markets within the European Community (EC) will entail allowing unhindered flow of short-term capital. It is also anticipated that EC member states will further open banking and insurance, with the intent being to broaden and diversify available financial services. The prospects for continued liberalization and deregulation are discussed for individual nations such as Great Britain, West Germany, and France.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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