The UK and the Eurozone

Posted: 2 Jul 2008

See all articles by Michael J. Artis

Michael J. Artis

University of Manchester - Institute for Political & Economic Governance (IPEG)

Abstract

The article reviews the case for the UK to join the Eurozone by way of presenting a review of HM Treasury's widely well-regarded Euro Report (2003). The review provides an opportunity to rehearse and update the elements of optimum currency area (OCA) theory. In particular, the study draws attention to fresh estimates of the trade effect of the UK's adhesion to the Eurozone, the small size of which sharply contrasts with earlier estimates. They substantially remove a challenge to the Report's negative conclusion. The study sets the review in the perspective of public opinion surveys and HM Government's decisions. (JEL codes: E42, F0, F15)

Suggested Citation

Artis, Michael J., The UK and the Eurozone. CESifo Economic Studies, Vol. 52, Issue 1, pp. 32-60, 2006, Available at SSRN: https://ssrn.com/abstract=1154438 or http://dx.doi.org/10.1093/cesifo/ifj002

Michael J. Artis (Contact Author)

University of Manchester - Institute for Political & Economic Governance (IPEG) ( email )

Oxford Road
Manchester, M13 9PL
United Kingdom

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