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Paperback Black Wednesday: A Re-Examination of Britain's Experience in the Exchange Rate Mechanism Book

ISBN: 0255365667

ISBN13: 9780255365666

Black Wednesday: A Re-Examination of Britain's Experience in the Exchange Rate Mechanism

In "Black Wednesday", Alan Budd discusses the contribution of ERM membership to Britain's recent economic performance. Budd suggests that Britain joined the ERM 'in despair' after trying various methods of controlling monetary growth without the success that had been anticipated. Whilst membership of the ERM did not happen at an ideal time, because of serious imbalances within and between member economies in the late 1980s, it did provide a discipline...

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Format: Paperback

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