IDEAS home Printed from https://ideas.repec.org/a/oup/oxford/v9y1993i3p36-61.html
   My bibliography  Save this article

Apres le Deluge: Monetary and Exchange-Rate Policy in Britain and Europe

Author

Listed:
  • Artis, M J
  • Lewis, M K

Abstract

The collapse of the British coal market from April 1993 has been blamed on the privatization of electricity and rapid investment in gas-fired generation. The paper argues that the main culprit is the Large Combustion Plant Directive of the EC which lays down sulphur emission targets which will constrain the size of the high-sulphur British coal burn towards the end of the century to an extent not fully appreciated. The oligopolistic structure of the privatized industry led to an earlier shift to gas-fired generation than economically warranted, though one cannot argue that the sulphur limits on electricity were unreasonable compared to those on either U.K. industry or European countries. Copyright 1993 by Oxford University Press.

Suggested Citation

  • Artis, M J & Lewis, M K, 1993. "Apres le Deluge: Monetary and Exchange-Rate Policy in Britain and Europe," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 9(3), pages 36-61, Autumn.
    • Handle: RePEc:oup:oxford:v:9:y:1993:i:3:p:36-61
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:oxford:v:9:y:1993:i:3:p:36-61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oxrep .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.