Alan Budd

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Books by Alan Budd

Black Wednesday

A Re-examination of Britain's Experience in the Exchange Rate Mechanism

By Alan Budd

In "Black Wednesday", Alan Budd discusses the contribution of ERM membership to Britain's recent economic performance. Budd suggests that Britain joined the ERM 'in despair' after trying various methods of controlling monetary growth without the success that had been anticipated. Whilst membershi...

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