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- W2300623629 abstract "In this speech, the Governor first discusses the long-term changes that have occurred in the approach to economic management in the United Kingdom, then sets out the improvement in recent economic performance. The Governor goes on to say that the economic problem for the United Kingdom is the imbalance between the domestically orientated and the most internationally exposed sectors, identifying as the most important causal factor the persistent weakness of the euro. He comments that it is difficult to see what the authorities in the United Kingdom can do to resolve this, as substantially lowering interest rates would not help the suffering sectors in anything other than the short term and would have a potentially destabilizing effect on the wider economy. Finally, the Governor surveys the economic pros and cons of UK membership of the euro and considers the prospects for structural reform in the euro area." @default.
- W2300623629 created "2016-06-24" @default.
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- W2300623629 date "2005-08-02" @default.
- W2300623629 modified "2023-09-24" @default.
- W2300623629 title "Monetary Policy and the Euro" @default.
- W2300623629 hasPublicationYear "2005" @default.
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