The future of monetary arrangements in Europe (Occasional paper)

Iea Special Lecture. Robin Leigh-pemberton ; With A Commentary By Patrick Minford. Iea Special Lecture. Cover ......Page 1 Contents......Page 5 Foreword......Page 7 The Authors......Page 9 EMU: The Delors Committee Report......Page 11 Optimum Currency Areas......Page 13 Transition to EMU - Alternative Strategies......Page 16 Fiscal Policy and EMU......Page 19 Conclusions on Transition Strategies to EMU......Page 21 ERM - The Issue of UK Participation......Page 23 ERM - The Timing of UK Entry......Page 26 Conclusions......Page 27 The Long Term: European Monetary Union?......Page 29 How Would the New EMS Work?......Page 31 'Nitpicking' the Governor's Logic......Page 32 Britain and the EMS: When Will the Time Be Ripe?......Page 33 Structural and Productivity Differences......Page 34 Conclusions......Page 36 Summary ......Page 40