00631nam a2200121Ia 4500 20260716043344.0 KENEN, Peter B. Preferences, domains and sustainability. 1997 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 A 45513 45513