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Odd man out: rethinking British policy on European monetary integration

Published online by Cambridge University Press:  26 June 2003

Mark Aspinwall
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Abstract

This article examines British preferences on European monetary integration. It challenges dominant theories of preference formation, suggesting an alternative explanation focusing on governmental majority. Empirical evidence is presented on both UK economic behaviour and the views of domestic economic interests, as well as government majority. The article also analyses first and second-hand accounts of the main players involved in three cases: the decision not to join the Exchange Rate Mechanism in 1979, the decision to join the ERM in 1990, and the decision to opt out of stage 3 of Economic and Monetary Union.

Type
Research Article
Information
Review of International Studies , Volume 29 , Issue 3 , July 2003 , pp. 341 - 364
Copyright
© 2003 British International Studies Association

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