UK or the Eurozone: which common currency area can work for Northern Ireland after Brexit?
研究北爱尔兰与英国其他地区及欧元区是否构成共同货币区,发现所有地区均满足微观标准,但银行业数据显示北爱尔兰贷款模式与英国其他地区不同,质疑英国是否包含北爱尔兰的共同货币区。
Brexit and the controversy concerning an Irish border makes the issue of whether Northern Ireland is a common currency area with the rest of UK or the Eurozone topical. We test the microeconomic foundations of a common currency area for Northern Ireland, UK, Great Britain and Northern Ireland in the Eurozone. We provide evidence that all areas meet the microeconomic criteria for a common currency area. Banking data suggest that lending in Northern Ireland is different from lending in the rest of the UK, raising doubt on whether or not the UK forms a common currency area including Northern Ireland.