Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
Topics:
UK and the euro; Economic and Monetary Union (EMU); Assessment of the five economic tests; European Union (EU); Convergence criteria of the EMU; Single currency and investments in the UK; Price differentials and macroeconomic stability; Nominal and real interest rates in the UK and the euro area; GDP (gross domestic product) growth rate in the UK and the euro zone; Referendum in the UK; Bank of England; EMU and the UK's financial services industry; Labour markets in the UK; Maastricht Treaty; Exchange Rate Mechanism
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Abstract
The case study throws light on the issues of whether the UK, which is the second largest economy in Europe, would join the Economic and Monetary Union (EMU) of the European Union (EU) and adopt the euro as its currency. UK is a member of the EU but in 1997 it announced five economic tests to judge whether and when it would be in the UK''s interests to join the EMU. Gordon Brown, the Chancellor of the Exchequer, addressed Parliament on 9 June 2003 and announced the results of the five economic tests, but no concrete results have been derived on this issue yet. Based on the facts given in the case study and assessment of the five economic tests, analysis can be done as to whether it would be beneficial for the country to adopt the euro as its single legal tender. A structured assignment ''204-016-4'' is available to accompany this case.
Location:
Other setting(s):
2003
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 12 pages
Data source: Published sources
Topics:
UK and the euro; Economic and Monetary Union (EMU); Assessment of the five economic tests; European Union (EU); Convergence criteria of the EMU; Single currency and investments in the UK; Price differentials and macroeconomic stability; Nominal and real interest rates in the UK and the euro area; GDP (gross domestic product) growth rate in the UK and the euro zone; Referendum in the UK; Bank of England; EMU and the UK's financial services industry; Labour markets in the UK; Maastricht Treaty; Exchange Rate Mechanism
About
Abstract
The case study throws light on the issues of whether the UK, which is the second largest economy in Europe, would join the Economic and Monetary Union (EMU) of the European Union (EU) and adopt the euro as its currency. UK is a member of the EU but in 1997 it announced five economic tests to judge whether and when it would be in the UK''s interests to join the EMU. Gordon Brown, the Chancellor of the Exchequer, addressed Parliament on 9 June 2003 and announced the results of the five economic tests, but no concrete results have been derived on this issue yet. Based on the facts given in the case study and assessment of the five economic tests, analysis can be done as to whether it would be beneficial for the country to adopt the euro as its single legal tender. A structured assignment ''204-016-4'' is available to accompany this case.
Settings
Location:
Other setting(s):
2003
Related
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 12 pages
Data source: Published sources
Topics:
UK and the euro; Economic and Monetary Union (EMU); Assessment of the five economic tests; European Union (EU); Convergence criteria of the EMU; Single currency and investments in the UK; Price differentials and macroeconomic stability; Nominal and real interest rates in the UK and the euro area; GDP (gross domestic product) growth rate in the UK and the euro zone; Referendum in the UK; Bank of England; EMU and the UK's financial services industry; Labour markets in the UK; Maastricht Treaty; Exchange Rate Mechanism