KENEN, Peter B. creator text 1997 monographic 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 20260716043344.0