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European Monetary System

Volume 77: debated on Monday 15 April 1985

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asked the Chancellor of the Exchequer what assessment he has made of the consequences of the United Kingdom joining the exchange rate mechanism of the European monetary system for United Kingdom control of domestic money supply; and what other studies his Department has conducted on the implications for United Kingdom economic management and policy of collective decisive-making as part of the system.

I refer the hon. Member to the reply I gave him on 14 February 1985 at column 290.