| Description |
1 online resource (45 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/04/116 |
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IMF working paper ; WP/04/116.
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| Contents |
""Contents""; ""I. INTRODUCTION""; ""II. AN ANALYTICAL FRAMEWORK""; ""III. THE FIVE TESTS AND THE TWELVE ISSUES""; ""IV. CONCLUSIONS: SEVEN AREAS FOR FURTHER WORK""; ""APPENDIX I. THE OPTION VALUE OF DELAYING EMU ENTRY""; ""APPENDIX II. DOMESTIC AND FOREIGN DIRECT INVESTMENT (FDI)""; ""References"" |
| Summary |
This paper provides a framework for evaluating the decision to enter a currency area, including the best timing for entry, and uses it to evaluate the assessment of the five tests for euro entry published by the U.K. Treasury in June 2003. The breadth and depth of its assessment is impressive by any standard. Nonetheless, this paper points at some areas that deserve to be explored further in future assessments. Covering these areas would not necessarily have changed the assessment's conclusion, namely that the case for entry is not yet "clear and unambiguous, ." but it would have strengthened any conclusion reached. In addition, the paper highlights that in several areas relevant to the entry decision, the margin for uncertainty will remain significant, regardless of any reasonable attempt to reduce it |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Economic and Monetary Union.
|
| SUBJECT |
Economic and Monetary Union fast |
| Subject |
Euro -- Great Britain
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Monetary unions -- Great Britain
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Euro
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Monetary unions
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Great Britain
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| Form |
Electronic book
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| Author |
Escolano, Julio, author.
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International Monetary Fund. European Department, issuing body.
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| ISBN |
1451899386 |
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9781451899382 |
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9781451853964 |
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1451853963 |
| ISSN |
2227-8885 |
|
