The contributions are based on seminar presentations at the European Institute of the LSE throughout the academic year 2005–06. The contributors received helpful comments from experts in the field, for which I would like to thank Chris Allsopp, Jacques Le Cacheux, Damian Chalmers, Bob Hancké, Friedrich Heinemann, Simon Hix and David Soskice. The seminar series was funded by the European Commission through the Integrated Project ‘New Modes of Governance’ and the Research Network CONSENT which is gratefully acknowledged. Deborah Mabbett (Birkbeck) provided excellent comments on a first draft.
The Theory and Practice of Economic Governance in EMU Revisited: What Have we Learnt About Commitment and Credibility?*
Article first published online: 9 OCT 2006
JCMS: Journal of Common Market Studies
Volume 44, Issue 4, pages 669–685, November 2006
How to Cite
SCHELKLE, W. (2006), The Theory and Practice of Economic Governance in EMU Revisited: What Have we Learnt About Commitment and Credibility?. JCMS: Journal of Common Market Studies, 44: 669–685. doi: 10.1111/j.1468-5965.2006.00657.x
- Issue published online: 9 OCT 2006
- Article first published online: 9 OCT 2006
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.