Barrell, Ray (contributor); Weale, Martin (contributor) - 2003 - [Elektronische Ressource]
setting policy.
The convergence of inflation and economic conditions amongst the ERM members
was a slow process
4
, and …, whether full convergence might be expected to
follow rather than precede membership of the Euro Area. However without such …
convergence it would be difficult for the UK to exist happily with Euro Area interest
rates …