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Some Economic Uncertainties of Monetary Union

  • Ian D. Davidson

Abstract

One of the most frequent themes heard during the enquiry was the fear (or the prediction) that membership of the projected system of monetary union might not be in Britain’s interests, because the whole system might itself not work well. This concern surfaced as a recurrent anxiety during many of the sessions, and it came from both sides of the argument. The anxieties can be grouped under four subheadings:
  1. 1.

    Economic convergence.

     
  2. 2.

    The asymmetry between monetary and fiscal union.

     
  3. 3.

    Risks of fiscal irresponsibility.

     
  4. 4.

    The transition to a single currency.

     

Keywords

Member State European Central Bank Monetary Union Economic Uncertainty Maastricht Treaty 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1996

Authors and Affiliations

  • Ian D. Davidson

There are no affiliations available

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