Alternative Routes to Monetary Integration in the British Economic and Political Debate (1989-91)

Contrary to what happened in the Seventies, when the parallel currency approach to monetary integration in Europe turned out to be the winning strategy to assist the political decision by Germany and France to revitalize an agonizing integration process, a similar proposal officially made by the British Government in the years immediately following the publication of the 1989 Delors Report on monetary union was completely unsuccessful. The paper aims at a reconstruuction of the theoretical debates on monetary integration in Britain after the publication of the Delors Report and on the Governmental proposals for a hard-ecu