Abstract
Every so often a sequence of events occurs in the real world that seems custom-made to illustrate basic economic principles. The UK’s flirtation with the European Exchange Rate Mechanism (ERM) at the beginning of the 1990s — joining in October 1990 and leaving in September 1992 — represents just such a sequence. It is difficult to imagine a better designed case study of the international macroeconomics developed throughout the earlier chapters of this book.
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© 1998 Graham Bird
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Bird, G. (1998). Britain’s Entry Into and Exit From Europe’s Exchange Rate Mechanism, 1990–92, and the Subsequent Pursuit of EMU. In: International Macroeconomics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230372290_10
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DOI: https://doi.org/10.1057/9780230372290_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-73401-8
Online ISBN: 978-0-230-37229-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)