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Contact Us. Black Wednesday – A Re-examination of Britain’s . The book can be purchased or a pdf can be downloaded below the summary. Alan Budd, discusses the contribution of ERM membership to Britain’s recent economic performance

Contact Us. Black Wednesday – A Re-examination of Britain’s Experience in the Exchange Rate Mechanism. Institute of Economic Affairs Publications Policies Monetary Policy. Alan Budd examines sterling's ERM exit in the light of the UK's economic performance since 1992. Alan Budd, discusses the contribution of ERM membership to Britain’s recent economic performance.

In 'Black Wednesday', Alan Budd discusses the contribution of ERM membership to Britain's recent economic performance. Whilst membership of the ERM did not happen at an ideal time, because of serious imbalances within and between member economies in the late 1980s, it did provide a discipline to reduce inflation that might have been difficult to maintain without membership.

In Black Wednesday, Alan Budd discusses the contribution of ERM membership to Britain’s recent economic performance.

Black Wednesday - A Re-examination of Britain's Experience in the Exchange Rate Mechanism. June 2005 · SSRN Electronic Journal. Whilst membership of the ERM did not happen at an ideal time, because of serious imbalances within and between member. economies in the late 1980s, it did provide a discipline to reduce inflation that might have been difficult to maintain without membership.

The Major Premiership. Library availability.

Budd, A (2004) 'Black Wednesday: A Re-Examination of Britain's Experience in the Exchange Rate Mechanism', 34th Wincott Lecture, London, Institute of Economic Affairs. Burk, K, and Cairncross, A (1992) Good-bye Great Britain: The 1976 IMF Crisis, New Haven: Yale University Press. Burns, P F, and Thomas, M O (2015) Reforming New Orleans: The Contentious Politics of Change in the Big Easy, Ithaca: Cornell University Press.

In 'Black Wednesday', Alan Budd discusses the contribution of ERM membership to Britain's recent economic . In this paper we investigate this phenomeno. More).

Black Wednesday : (Budd Alan). Bibliographical information (record 166705). Publisher: Institute of Economic Affrairs, ISBN: 0255365667.

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Black Wednesday and the European Exchange Rate Mechanism

Nevertheless, we are still enjoying the benefits of it,’ – Alan Budd, author of ‘A Re-Examination of Britain’s experience in the Exchange Rate Mechanism’ for the Institute of Economic Affairs, 2004. Over a quarter of a century on and the effects of Black Wednesday are still being felt. The pound traded under a fixed exchange rate until 1972, when the government decided to float the pound as part of plans to curb inflation, which was a priority. Black Wednesday and the European Exchange Rate Mechanism. The ERM was introduced by Europe in 1979 to reduce volatility in exchange rates and stabilise monetary policy across the bloc.