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.
Economic convergence.
-
2.
The asymmetry between monetary and fiscal union.
-
3.
Risks of fiscal irresponsibility.
-
4.
The transition to a single currency.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Editors and Affiliations
Copyright information
© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Davidson, I.D. (1996). Some Economic Uncertainties of Monetary Union. In: Taylor, C. (eds) European Monetary Union: The Kingsdown Enquiry. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24825-4_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-24825-4_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24827-8
Online ISBN: 978-1-349-24825-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)