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The Role of Preferences and the Sustainability of EMU

In: The Future of EMU

Author

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  • Francisco Torres

Abstract

Failed political attempts and successful political compromises on European monetary integration can be explained in terms of convergence of preferences over time. This is obviously tempered by the circumstances of each political and economic phase of European integration and the corresponding bargaining power of countries with different preferences.

Suggested Citation

  • Francisco Torres, 2009. "The Role of Preferences and the Sustainability of EMU," Palgrave Macmillan Books, in: Leila Simona Talani (ed.), The Future of EMU, chapter 3, pages 54-74, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23389-8_4
    DOI: 10.1057/9780230233898_4
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    Citations

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    Cited by:

    1. Dumitriu, Ramona & Stefanescu, Răzvan, 2020. "Iluzii financiare, Partea întâi [Financial Illusions, Part 1]," MPRA Paper 101201, University Library of Munich, Germany, revised 17 Jun 2020.
    2. Annette Bongardt & Francisco Torres, 2016. "EMU Reform and Resilience in a Re-Dimensioned EU," Politica economica, Società editrice il Mulino, issue 3, pages 575-595.
    3. Begg, Iain & Bongardt, Annette & Nicolaïdis, Kalypso & Torres, Francisco, 2015. "EMU and sustainable integration," LSE Research Online Documents on Economics 65243, London School of Economics and Political Science, LSE Library.

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