M; Jacques, eacutelitz; Weber, Axel A. - University of Bonn, Germany - 1996
In order to study the costs/benefits of a monetary union between Germany and France, we attempt to go beyond a mere …. Based on the usual interpretations of national preferences in both countries, the results imply that, if anything, Germany … would lose from any French participation in the setting of domestic monetary policy. By contrast, however, France would …