Dominguez, Kathryn M. E. - In: Journal of Economic Perspectives 20 (2006) 4, pp. 67-88
The economic case for European monetary union was shaky at best when it was first discussed 35 years ago. Europe's leaders felt that monetary union was the capstone to their efforts to create an integrated Europe, and much to the rest of the world's surprise, they succeeded. The introduction of...