European Monetary Union: The Kingsdown Enquiry: The Plain Man’s Guide and the Implications for Britain

Front Matter....Pages i-xv
Front Matter....Pages 1-1
Introduction....Pages 3-4
Why Monetary Union?....Pages 5-7
The Enquiry: An Overview....Pages 8-9
Some Economic Benefits of Monetary Union....Pages 10-18
Some Economic Uncertainties of Monetary Union....Pages 19-27
Some Political Aspects of the Choice....Pages 28-35
Monetary Union and European Integration....Pages 36-39
Britain’s Choice....Pages 40-46
Front Matter....Pages 47-47
Preface....Pages 49-50
Introduction....Pages 51-53
Inflation....Pages 54-60
Interest Rates....Pages 61-66
Foreign Investment....Pages 67-71
Pensions....Pages 72-75
Single Market....Pages 76-82
Sovereignty....Pages 83-88
Political Union....Pages 89-96
Options for Britain....Pages 97-99
Converting to the ECU....Pages 100-101
Stock-taking....Pages 102-105
Front Matter....Pages 47-47
The Seminars....Pages 106-113
Front Matter....Pages 115-115
Would European Monetary Union Help Britain to Control Inflation?....Pages 119-126
Could a Single Currency Lead to Higher Unemployment?....Pages 127-133
Can You Have a Single Market without a Single Currency?....Pages 134-142
One Market, One Money....Pages 143-152
Dubious Arguments Against EMU....Pages 153-160
Opting Out of Stage 3: Life in the Lower Tier of EMU....Pages 161-179
Can You Have a Monetary Union without a Political Union?....Pages 183-190
Would Parliament Retain its Power to Tax and Spend if Britain Participated in a European Monetary Union?....Pages 191-194
Would it Matter if the British Chancellor of the Exchequer No Longer Controlled Monetary Policy?....Pages 195-199
Monetary Sovereignty under Different International Systems: A Historical Comparison....Pages 200-205
How Much Political Union is Required for a Single Currency?....Pages 206-210
Could Monetary Union Work without Political Union?....Pages 211-223
Britain and European Monetary Union....Pages 224-229
Monetary Union and the Single Market....Pages 233-240
EMU and Industry....Pages 241-244
The Single European Currency....Pages 245-249
The Impact of European Economic and Monetary Union on British Industry....Pages 250-276
Would Being Outside a European Monetary Union Discourage Overseas Investment in Britain?....Pages 279-281
EMU and Overseas Investment in Britain....Pages 282-284
Front Matter....Pages 115-115
Monetary Union and Peripheral Regions....Pages 285-290
The Potential Impact on Savings and Investment in Britain of Membership of the European Monetary Union: An Institutional Investor’s Perspective....Pages 293-306
European Monetary Union Project: Position Paper....Pages 307-310
The Transition from Stage 2 to Stage 3 of EMU....Pages 313-316
Implementation of a Single European Currency: Report on a Survey of British Banks and Building Societies....Pages 317-325
Introducing a Single European Currency....Pages 326-331
EMU: Unresolved Issues Relating to Stage 3....Pages 332-350
Back Matter....Pages 351-363