ng on March 8, 1979 Britain did not participate in the central piece of the new system, the ERM. In the view of British monetary authorities at that time, the loss of room for maneuvering under a system of pegged exchange rates outweighed probable gains. As an alternative policy the British decided to pursue a deliberately tight monetary policy which did result in large reduction
British Monetary Policy and the EU. (1969, December 31). In LotsofEssays.com. Retrieved 22:01, May 20, 2024, from https://www.lotsofessays.com/viewpaper/1687489.html
Lots of Essays. "British Monetary Policy and the EU." LotsofEssays.com. LotsofEssays.com, (December 31, 1969). Web. 20 May. 2024.
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