Taylor, Christopher T. (contributor) - 2002 - [Elektronische Ressource]
appreciably less volatile than either of its key bilateral rates. By
joining EMU, the UK would escape exchange-rate volatility on … currency for trade with ROW.
Accordingly the net effect of EMU participation on UK effective-rate volatility would
depend … since leaving the ERM is a guide to its future outside
EMU (if it has one), and if the euro emulates the D …