Theories of international cooperation (TIC) predict that deeper economic integration raises the costs of policy conflicts and promotes coordination. As the US-EU economy makes up 60 per cent of the world GDP, policymakers on the two sides of the Atlantic are expected to assign highest priority...

Theories of international cooperation (TIC) predict that deeper economic integration raises the costs of policy conflicts and promotes coordination. As the US-EU economy makes up 60 per cent of the world GDP, policymakers on the two sides of the Atlantic are expected to assign highest priority...

...this paper...will limit itself to presenting a succinct description of the process of monetary union as is outlined in the Maastricht Treaty, formulating and evaluating two of many stylized explanations for its unexpected approval in 1991, and finally some significant findings relating to...

...this paper...will limit itself to presenting a succinct description of the process of monetary union as is outlined in the Maastricht Treaty, formulating and evaluating two of many stylized explanations for its unexpected approval in 1991, and finally some significant findings relating to...