Sell, Friedrich L. - In: Intereconomics : review of European economic policy 31 (1996) 4, pp. 166-169
Assuming the convergency criteria are not watered down, European Monetary Union will begin on 1.1.1999 with just a few core countries. With the help of the theory of clubs, Professor F. L. Sell analyses the incentive effects of the "monetary club" on founding members and "outsiders".
