UK MEMBERSHIP OF THE SINGLE CURRENCY: EMU STUDIES

18 EMU studies accompany the Treasury's assessment of the five economic tests and inform the assessment.  The studies have been undertaken and commissioned by the Treasury.  Experts from outside the Treasury have produced four of the studies, developing new work in key areas. Other outside experts have assisted the Treasury, in a consultancy capacity, on the studies and provided new insights on previous work.

Some of the studies have been split up to ensure faster and easier download. They are available in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

The five tests framework
Analysis of European and UK business cycles and shocks
Estimates of equilibrium exchange rates for sterling against the euro
Housing, consumption and EMU
EMU and the monetary transmission mechanism
Modelling the transition to EMU
Modelling shocks and adjustment mechanisms in EMU
EMU and labour market flexibility
The exchange rate and macroeconomic adjustment
EMU and the cost of capital
EMU and business sectors
The location of financial activity and the euro
EMU and trade
Prices and EMU
The United States as a monetary union
Policy frameworks in the UK and EMU
Submissions on EMU from leading academics
Fiscal stabilisation and EMU  - a discussion paper

To order copies of the studies

The Treasury has published the EMU studies, the preliminary and technical analysis which supports the assessment of the five economic tests. The studies are available from the Stationery Office (TSO) at a price of £4.15 or £4.65 each (depending on length) plus a £3.50 postage and packing charge. The full set of EMU studies is available at a price of £75. 

To contact The Stationery Office:

Telephone: 0870 600 5522
Fax: 0870 600 5533
Email: customer.services@tso.co.uk
Post:  TSO, Customer Services Department, PO Box 29, Norwich NR3 1GN
Website: The Stationery Office website

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