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Preferences, domains and sustainability.

By:

KENEN, Peter B

Material type: Text

TextPublication details: 1997Action note:

3/7/00 M2LMGR

Summary: Differentiates between a currency area and a monetary union, noting that the two regimes differ in practice less than in principle. Uses the European Monetary System and the proposed European Monetary Union to demonstrate the differences. Asserts that the EMU will happen, and distinguishes between its long-run economic viability and its short-run political viability.

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Differentiates between a currency area and a monetary union, noting that the two regimes differ in practice less than in principle. Uses the European Monetary System and the proposed European Monetary Union to demonstrate the differences. Asserts that the EMU will happen, and distinguishes between its long-run economic viability and its short-run political viability.

3/7/00 M2LMGR

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