European Monetary Union: Is There a Halfway House?
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The pressures on the British government to accept European Economic and Monetary Union (EMU), including an eventual move to a single European currency, are intensifying. Indeed, according to many observers these pressures have built up such a momentum that they are irresistible. Since — in their view — the final destination has already been decided, the only remaining question is to choose the best route to it.
KeywordsMonetary Policy Central Bank European Central Bank Money Market National Currency
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