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Open Access Publications from the University of California

European Monetary Unification and International Monetary Cooperation

  • Author(s): Eichengreen, Barry
  • Ghironi, Fabio
  • et al.
Abstract

In this paper we describe some of the opportunities and perils for international monetary cooperation associated with EMU. Our approach brings together two strands in the literature; one concerned with institutions, the other focusing on policy consensus. Previous work on the subject has featured both perspectives. Our contribution is to show how they fit together.

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