ABSTRACT

From The Three Banks Review, no. 143 (June 1984), pp. 8–25. Meade presented an earlier version of this paper to an EEC seminar in Brussels in November 1983; he also put forward a similar set of rules, for the conduct of economic policy in the UK, in his evidence to the House of Commons Treasury and Civil Service Committee in April 1982 (‘A proposed structure for international monetary arrangements’, in House of Commons, Treasury and Civil Service Committee , Memoranda on International Monetary Arrangements, London: HMSO, July 1982, pp. 42–51).