00631nam a2200121Ia 450000500170000010000200001724500450003726000090008252003760009158300190046794200060048699900170049220260716043344.0 aKENEN, Peter B. aPreferences, domains and sustainability. c1997 aDifferentiates 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. c3/7/00kM2LMGR cA c45513d45513