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The Euro and Britain

The Euro and Britain

Ali El-Agraa

Jan 2002, Paperback, 416 pages
ISBN13: 9780273656999
ISBN10: 0273656996
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January 1 2002: 300 million Europeans cease trading in their local currency and fill their pockets, wallets, and bank accounts with a new pan-European currency - the euro. European mints have produced over 65billion pieces of the currency, which armoured vans have transported to banks in even the most remote towns and villages of the 12 participating countries in the biggest European initiative since World War Two. British business people, just like British politicians and – for that matter – the general public, are deeply divided on the desirability of Euro membership but it seems almost inevitable that Britain will join the single currency. The debate about Europe has been a key governmental issue for several decades now, yet the subject is complex and largely inaccessible to the average person. The Euro and Britain sets out the essential theory to enable people to make informed decisions pending the forthcoming Euro debates, taking the reader through every aspect of the discussion clearly and comprehensively. The Euro and Britain is divided into three parts:

  • Part one provides a general background, analysing the EU and Britain’s membership within it.
  • Part two concentrates on EMU, the euro and the European Central Bank which controls it, and the development and policies surrounding the euro.
  • Part three discusses the problems concerning the system of operating EMU and the euro within the context of the UK. This includes macroeconomic considerations, the impact on banking and financial institutions, and consequences for UK trade.
Contributors come from: South Bank University, University of Leeds, City University Business School, University of Cambridge, University of East London, Vienna University of Economics and Business Administration, and the University of Turku in Finland.

Britain within the European UnionA bird's eye view of the EUEMU and the euroCan EMU survive unchanged?Policy co-ordination and economic adjustment in EMUCauses of euro instabilityDid the successful emergence of the euro as an international currency trigger its depreciation against the US dollar?Britain and the euro: a study in reluctanceMacroeconomics of sterling and the euroUK banking and other financial services and the euroThe UK, the EU budget and EMUUK trade concernsWill Britain adopt the euro?

Ali M. El-Agraa is Professor of International Economics, International Economic Integration and EU Studies in Fukuoka University in Japan. He was previously Lecturer in Economics, then Senior Lecturer at the then School of Economics and Business Studies in the University of Leeds, UK. He was also Head of the Office of the University of Leeds Adviser to Overseas Students during 1979-82. Before that he was Assistant Lecturer, then Lecturer in Economics in Khartoum University in Sudan. He was also Visiting Professor of Internal Economics and Middle Eastern Studies with the International University of Japan, Visiting Professor of Economics with Vanderbilt University in the USA and Visiting Distinguished Professor of International Economic Integration, Fudan University of Shanghai. He has been granted a Lifetime Visiting Professorship at Wuhan University of China. He is now Senior Technical Advisor for the United Nation’s Economic.

He has published numerous academic articles and about 20 books including The European Union: Economics and Policies, the 6th edition of The Economics of the European Community, first published in 1980.