The Impact of the Euro

1. Front Matter

   Pages i-xv

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2. Introduction: an Overview of European Monetary Integration

   1. Introduction: an Overview of European Monetary Integration

      • Mark Baimbridge, Brian Burkitt, Philip Whyman

      Pages 1-16

3. The Economics of a Single Currency

   1. Front Matter

      Pages 17-17

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   2. The Case for European Monetary Union

      • Nigel M. Healey

      Pages 19-41

   3. The Economic Consequences of EMU for Britain

      • Jonathan Michie

      Pages 42-55

   4. Joining Europe’s Currency

      • Richard Layard

      Pages 56-66

   5. The Single Currency — Will it Work and Should We Join?

      • Patrick Minford

      Pages 67-83

4. Economic Policy Consequences of a Single Currency

   1. Front Matter

      Pages 85-85

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   2. Saving Europe’s Automatic Stabilizers

      • Barry Eichengreen

      Pages 87-99

   3. The Deflationary Consequences of the Single Currency

      • Philip Arestis, Malcolm Sawyer

      Pages 100-112

   4. EMU: Threats and Opportunities for Companies and National Economies

      • David Currie

      Pages 113-138

   5. British EMU Membership Would Create Instability and Destroy Employment

      • Walter Eltis

      Pages 139-159

5. Work, Employment and Business

   1. Front Matter

      Pages 161-161

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   2. The Case for the Single Currency

      • Christopher Haskins

      Pages 163-168

   3. EMU and the Opportunities for British Business

      • David Simon

      Pages 169-176

   4. Business Attitudes to EMU and the Risk to Stability

      • Stephen Davies

      Pages 177-184

   5. A Single Currency for Europe — Considerations for Workers

      • John Monks

      Pages 185-190

   6. The Single Currency and the European Social Model

      • John Edmonds

      Pages 191-199

6. Sovereignty and Political Determination

   1. Front Matter

      Pages 201-201

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   2. Sovereignty in the Modern World

      • Edward Heath

      Pages 203-209

Economic and Monetary Union (EMU) will have far-reaching consequences for participating nations. This book contains a unique and editorially neutral collection of key arguments favouring and opposing membership. The economic and policy implications are evaluated by distinguished economists, whilst the impact upon national sovereignty and the world of work is debated by prominent MPs and representatives of business and trade union organisations. The text provides an unbiased, comprehensive and 'readable' resource for specialist students and a general readership.

• Deflation
• economic policy
• European Monetary Union
• monetary union

'In this fascinating collection of articles, nine economists evaluate the economic and policy implications of economic and monetary union (EMU) for Britain.' - The Morning Star

• University of Bradford, UK

  Philip Whyman

DIANE ABBOTT Member of the Labour Party National Executive PHILIP ARESTIS Professor Economics, University of East London LORD CURRIE OF MARYLEBONE Professor of Economics, London Business School STEPHEN DAVIES Economic Research Executive, Policy Unit of the Institute of Directors JOHN EDMONDS General Secretary, General, Municipal and Boilermakers' Trades Union BARRY EICHENGREEN John L. Simpson Professor of Economics and Political Science, University of California, Berkeley WALTER ELTIS Visiting Professor, University of Reading CHRISTOPHER HASKINS Chairman of Northern Foods plc NIGEL HEALEY Professor and Head, Department of Business Studies, Manchester Metropolitan University SIR EDWARD HEATH Conservative Member of Parliament, former Prime Minister of the UK (1970-1974) RICHARD LAYARD Professor of Economics, London School of Economics and Political Science JONATHAN MICHIE Professor of Management, Birbeck College, University of London PATRICK MINFORD Professor of Economics, Cardiff Business School JOHN MONKS General Secretary, Trades Union Congress (TUC) GILES RADICE Chairperson, Treasury Select Committee JOHN REDWOOD Conservative Member of Parliament MALCOLM SAWYER Professor and Head of Economics Division, University of Leeds LORD SIMON OF HIGHBURY Minister of State, Department of Trade and Industry

Policies and ethics