Banking on Sterling

Britain's Independence from the Euro Zone

Business & Finance, Economics, Economic Conditions
Cover of the book Banking on Sterling by Ophelia Eglene, Lexington Books
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ophelia Eglene ISBN: 9780739144121
Publisher: Lexington Books Publication: December 16, 2010
Imprint: Lexington Books Language: English
Author: Ophelia Eglene
ISBN: 9780739144121
Publisher: Lexington Books
Publication: December 16, 2010
Imprint: Lexington Books
Language: English

Banking on Sterling: Britain's Independence from the Euro Zone, by Ophelia Eglene, provides an in-depth analysis of the British policy on the European Economic and Monetary Union (EMU) over the past twenty years. Eglene demonstrates how the Conservative government of John Major and the Labour government of Tony Blair implemented policies that had the same overriding goals. The first of their shared goals was to continue being involved in decisions on the remaining details of the EMU and to avoid discrimination in the European Union by appearing as a member state willing to embrace the full European project at an indeterminate point. The second goal was to address the conflicting preferences of domestic economic actors with an ambiguous policy aimed at buying time. Pressure on the British government came from both the business and financial sectors on the question of EMU membership. While the business community was divided on the euro, there was one sector, export-oriented producers, strongly in favor. The financial sector, for its part, needed more time to clearly assess where its interests lay, and it insisted that the government not rush a decision one way or the other. Banking on Sterling demonstrates that the government_no matter which party was in power_always had in mind the welfare of the financial sector. When the conclusion was reached in London that its financial sector would benefit more from an offshore position than as a member of the EMU, the British government provided both direct and indirect compensation to the export-oriented business sector that had definitely lost the battle for the euro. Ophelia Eglene's Banking on Sterling: Britain's Independence from the Euro Zone effectively shows the unequal influence of business and finance on the British economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Banking on Sterling: Britain's Independence from the Euro Zone, by Ophelia Eglene, provides an in-depth analysis of the British policy on the European Economic and Monetary Union (EMU) over the past twenty years. Eglene demonstrates how the Conservative government of John Major and the Labour government of Tony Blair implemented policies that had the same overriding goals. The first of their shared goals was to continue being involved in decisions on the remaining details of the EMU and to avoid discrimination in the European Union by appearing as a member state willing to embrace the full European project at an indeterminate point. The second goal was to address the conflicting preferences of domestic economic actors with an ambiguous policy aimed at buying time. Pressure on the British government came from both the business and financial sectors on the question of EMU membership. While the business community was divided on the euro, there was one sector, export-oriented producers, strongly in favor. The financial sector, for its part, needed more time to clearly assess where its interests lay, and it insisted that the government not rush a decision one way or the other. Banking on Sterling demonstrates that the government_no matter which party was in power_always had in mind the welfare of the financial sector. When the conclusion was reached in London that its financial sector would benefit more from an offshore position than as a member of the EMU, the British government provided both direct and indirect compensation to the export-oriented business sector that had definitely lost the battle for the euro. Ophelia Eglene's Banking on Sterling: Britain's Independence from the Euro Zone effectively shows the unequal influence of business and finance on the British economy.

More books from Lexington Books

Cover of the book The Power of Negativity by Ophelia Eglene
Cover of the book Responsibility, Complexity, and Abortion by Ophelia Eglene
Cover of the book Reading the Novels of John Williams by Ophelia Eglene
Cover of the book Lost and Othered Children in Contemporary Cinema by Ophelia Eglene
Cover of the book State–Society Relations and Governance in China by Ophelia Eglene
Cover of the book John Paul Stevens by Ophelia Eglene
Cover of the book Confrontation over Taiwan by Ophelia Eglene
Cover of the book The Christian Path in a Pluralistic World and the Study of Spirituality by Ophelia Eglene
Cover of the book Modern Jeremiahs by Ophelia Eglene
Cover of the book Spirits in the Material World by Ophelia Eglene
Cover of the book Practicing Psychotherapy in Constructed Reality by Ophelia Eglene
Cover of the book Analyzing Strategic Behavior in Business and Economics by Ophelia Eglene
Cover of the book Medicine on the Periphery by Ophelia Eglene
Cover of the book China's Unequal Treaties by Ophelia Eglene
Cover of the book Performance on Behalf of the Environment by Ophelia Eglene
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy