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

by Alan Budd (Author)

• New

  Paperback
  2005

  $9.90

  Discusses the contribution of ERM membership to Britain's economic performance. This book suggests that Britain joined the ERM 'in despair' after trying various methods of controlling monetary growth without the success that had been anticipated. It discusses how the membership was a precondition for the adoption of a stable monetary arrangement.