EMU and Labour: facing up to the Euro

Article Abstract:

A number of European countries will be joining European monetary union (Emu), which will take place on schedule, despite some doubts in the United Kingdom. The project is more likely to succeed with the appropriate fiscal, monetary and supply-side policies. There has been speculation about when and whether the UK will join. The UK is at a different stage of the business cycle from mainland Europe. The business cycles could be realigned, but there is still a problem of transition. There are political costs for the UK of staying out of Emu, and rapidly entry is possible from a business point of view.

Administration of General Economic Programs, Currency Stabilization Programs, Currency stabilization

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Sterling's rise: a case of delayed overshooting?

Article Abstract:

Pound sterling has risen in value, mainly due to European monetary union and high United Kingdom interest rates. Sterling has continued to rise though the difference between UK interest rates and rates elsewhere has decreased. This is due to delayed overshooting, a process whereby currencies may continue to respond to monetary policy changes some time after they have occurred. European monetary union has had less of an impact on the value of the pound.

Economic aspects, Prices and rates, Interest rates, Pound (United Kingdom)

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Sterling and the euro

Article Abstract:

Membership of European monetary union is not a clear advantage for Britain on economic grounds, though there may be relevant political factors.

Economic Programs, Administration of Economic Programs, Economic policy

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