very different consequences for export growth. There has been real depreciation in both Germany and France, but only … Germany’s exports have flourished. …

This paper takes a preliminary step toward formulating a theory of German leadership within European monetary politics … prerequisite for understanding the particular role of Germany within the bargaining process over the rules of European exchange … for balance of payments adjustments. I argue that Germany has so far been unwilling to compromise on the question of …

trade unions) of Britain, France, and Germany have accepted an 'asymmetrical' Economic and Monetary Union (EMU) which …

very different consequences for export growth. There has been real depreciation in both Germany and France, but only … Germany’s exports have flourished. …

This paper takes a preliminary step toward formulating a theory of German leadership within European monetary politics … prerequisite for understanding the particular role of Germany within the bargaining process over the rules of European exchange … for balance of payments adjustments. I argue that Germany has so far been unwilling to compromise on the question of …

trade unions) of Britain, France, and Germany have accepted an 'asymmetrical' Economic and Monetary Union (EMU) which …