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Countdown to €/£ parity | 102 comments (102 topical, 0 editorial, 0 hidden)
Re: Countdown to €/£ parity (4.00 / 3)
The pound needs to spend 2 years in a narrow exchange rate band (the ERM). This means the £ cannot have joined the Euro by the end of next year.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Thu Dec 11th, 2008 at 03:41:53 PM EST
Re: Countdown to €/£ parity (none / 0)
Willem Buiter goes through the process and alludes to this.  However he sees many of the effective benefits of the Euro applying even during this transitionary phase.  Perhaps I should amend the poll to reflect this distinction.

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Dec 11th, 2008 at 03:46:54 PM EST
[ Parent ]
Re: Countdown to €/£ parity (none / 1)
Can't amend a poll after it's been voted. I think I can do it. Should I replace the last option with "will have joined the European Exchange Rate Mechanism at parity"?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Thu Dec 11th, 2008 at 03:48:04 PM EST
[ Parent ]
Re: Countdown to €/£ parity (none / 0)
Fine.  I had amended it to read Euro/ERM - I don't know if that change stuck.

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Dec 11th, 2008 at 03:58:04 PM EST
[ Parent ]

Countdown to €/£ parity | 102 comments (102 topical, 0 editorial, 0 hidden)
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