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Summary and Appraisal

Published online by Cambridge University Press:  26 March 2020

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Extract

In this issue we devote special attention to the proposals for economic and monetary union in Europe. First we summarise our forecasts for domestic and world economy prospects; both have been constructed on the assumption that European economic and monetary union will be completed by the beginning of 1997—although an earlier date than that is possible.

Type
Articles
Information
National Institute Economic Review , Volume 132 , May 1990 , pp. 3 - 8
Copyright
Copyright © 1990 National Institute of Economic and Social Research

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References

(1) EC Commission ‘Economic and Monetary Union: The Economic Rationale and Design of the System’. Document dated 20th March 1990.

(2) ‘A strategy for the ECU’, published by Kogan Page for Ernst and Young and the NIESR, price £19.50. See also ‘Obstacles to the use of the Ecu’ by A. Britton and D. Mayes forthcoming in the Economic Journal.

(3) The effect of fiscal policy in one country on the economies of the other countries was discussed in Annex II to the World Economy Chapter of the Review for August 1989.

(4) R. Barrell, ‘European currency union and the EMS’, see page 59 below.

(5) R. Barrell, A. Britton, and D. Mayes, ‘Macroeconomic obstacles to the wider use of the ECU’, National Institute Discussion Paper No. 180.

(6) HM Treasury, ‘An evolutionary approach to economic and monetary union’, November 1989.

(7) R. Barrell, ‘European currency union and the EMS’, see page 59 below.

(8) S. Wren-Lewis, P. Westaway, S. Soteri and R. Barrell, ‘Choosing the rate,an analysis of the optimum level of entry for sterling into the ERM’, National Institute Discussion Paper No. 171.