title page
Abstract
Contents
Acknowledgements 7
List of Abbreviations 9
CHAPTER I: INTRODUCTION 10
CHAPTER II: BACKGROUND 18
CHAPTER III: OPPOSITIONS FROM BRITISH PEOPLE 27
A. Creation of Britishness as Non-European 29
B. Recalling of Currency Crises in 1972 and 1992 34
CHAPTER IV: SELF-DETERMINED DIPLOMACY 42
A. UK-U.S. Special Relationship 44
B. Market Fundamentalism vs Rhineland Capitalism 52
CHAPTER V: LINKAGE AMONG VARIABLES 57
CHAPTER VI: CONCLUSION 58
Bibliography 64
Box 1.UK goverment's policy on EMU 25
Box 2. Five economic tests by the treasury 26
Figure 1. Map: EU Member States and Euro Area 11
Figure 2. UK’s Export Markets and Import Sources, 2006 13
Figure 3. UK’s International Investment Position, 2004 13
Figure 4. UK’s FDI Outflow and Inflow, 2004 14
Figure 5. Real GDP Growth Rate of United Kingdom and Euro Area, 1997-2008 16
Figure 6. Development of Private ECU Market, 1985-1991 22
Figure 7. British People's Knowledge of the Euro, 2003 28
Figure 8. Deterioration of German Economic Performance after the Reunification 37
Figure 9. EMS Participant States' Real Short-term Interest Rate and Real GDP Growth Rate, 1979-1993 38
Figure 10. UK’s Inflation Performance and Expectations, 1990-2007 39
Figure 11. Change in UK’s Public Opinion Concerning the War in Iraq, August 2002 - March 2003 46
Figure 12. Currency Composition of Official Foreign Exchange Reserves, 1995-2006 50