Abstract
The article reviews the case for the UK to join the Eurozone by way of presenting a review of HM Treasury's widely well-regarded Euro Report (2003). The review provides an opportunity to rehearse and update the elements of optimum currency area (OCA) theory. In particular, the study draws attention to fresh estimates of the trade effect of the UK's adhesion to the Eurozone, the small size of which sharply contrasts with earlier estimates. They substantially remove a challenge to the Report's negative conclusion. The study sets the review in the perspective of public opinion surveys and HM Government's decisions. (JEL codes: E42, F0, F15) Copyright 2006, Oxford University Press.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.