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Political and institutional commitment to a common currency.

By: Material type: TextTextPublication details: 1997Action note:
  • 3/7/00 M2LMGR
Summary: Argues that political considerations, rather than purely economic concerns, are the predominant practical determinants of the domain of operation of currency regimes. Considers how these factors affect the differences between currency areas and currency unions, more importantly in the effort to transform European monetary arrangements from a currency area into EMU.
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Argues that political considerations, rather than purely economic concerns, are the predominant practical determinants of the domain of operation of currency regimes. Considers how these factors affect the differences between currency areas and currency unions, more importantly in the effort to transform European monetary arrangements from a currency area into EMU.

3/7/00 M2LMGR

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