Assessing the Assessment : A Critical Look At the June 2003 Assessment of the United Kingdom's Five Tests for Euro Entry /

This paper provides a framework for evaluating the decision to enter a currency area, including the best timing for entry, and uses it to evaluate the assessment of the five tests for euro entry published by the U.K. Treasury in June 2003. The breadth and depth of its assessment is impressive by any...

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书目详细资料
主要作者: Cottarelli, Carlo
其他作者: Escolano, Julio
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2004.
丛编:IMF Working Papers; Working Paper ; No. 2004/116
在线阅读:Full text available on IMF
实物特征
总结:This paper provides a framework for evaluating the decision to enter a currency area, including the best timing for entry, and uses it to evaluate the assessment of the five tests for euro entry published by the U.K. Treasury in June 2003. The breadth and depth of its assessment is impressive by any standard. Nonetheless, this paper points at some areas that deserve to be explored further in future assessments. Covering these areas would not necessarily have changed the assessment's conclusion, namely that the case for entry is not yet "clear and unambiguous,." but it would have strengthened any conclusion reached. In addition, the paper highlights that in several areas relevant to the entry decision, the margin for uncertainty will remain significant, regardless of any reasonable attempt to reduce it.
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实物描述:1 online resource (46 pages)
格式:Mode of access: Internet
ISSN:1018-5941
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