Economy: Alan Walters diary (budget) [Pepper-Sprinkel afraid people will keep money and not move into stock markets; we should not join EMS][released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS 3/1/1
Editorial comments:	Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking:	Major
Word count:	54
Themes:	Monetary policy, Economic, monetary & political union

Thursday 8th October 1981

Gordon Pepper - Sprinkel believes expectations determine markets - not flows of credit etc. - afraid that people will keep money on deposit and not move into stock markets.

Private secretary lunch

Explain to JH [John Hoskyns], JV [John Vereker], AD why we should NOT join EMS [European Monetary System]

The [sic]