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The theory and practice of economic governance in EMU revisited: what have we learnt about commitment and credibility?

By Waltraud Schelkle


This special issue asks commentators who made seminal contributions to our understanding of economic governance to revisit their analyses. This introductory article discusses the example of a major contribution, namely the ‘advantage of tying one's hands' (Giavazzi and Pagano, 1988), relating it to the other contributions along the way

Topics: HC Economic History and Conditions, JN Political institutions (Europe)
Publisher: Wiley-Blackwell Publishing Ltd
Year: 2006
DOI identifier: 10.1111/j.1468-5965.2006.00657.x
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Provided by: LSE Research Online
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