I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis heavily on recent research. Both similarities and differences are evident in the historical record. Both regimes were vaunted as engines of convergence, but in both cases...

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

This article considers the evolution of Europe's monetary union over the next five to ten years, concentrating on the most important likely change, namely the increased number and heterogeneity of participating states

In this volume, a group of distinguished economists and political scientists analyzes the political economy of European integration. The authors evaluate recent developments of the European Monetary and Fiscal Policy. They consider the current situation, and assess prospects for the future of an...