When I wrote my book on EMU four years ago (Kenen 1995), very little had been written on the international dimensions of EMU There was a chapter in the Commission's path-breaking study (European Commission, 1990). There were papers by Alogoskoufis and Portes (1991, 1992), Cooper (1992), Goodhart...

Exchange Rates and the Monetary System comprises a careful selection of Peter B. Kenen’s acclaimed papers on international monetary economics written over the past thirty years. The volume includes Professor Kenen’s theoretical and empirical essays on the functioning of the international...