Economic Governance, Ideas and EMU: What Currency Does Policy Consensus Have Today?*


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    I thank two anonymous reviewers for their thoughtful and persuasive comments.

Department of Government and School of Foreign Service Georgetown University Washington, DC 20057, USA email:


The creation of EMU has been one of the most striking examples of economic integration in history. Such deep economic co-operation between states has often proved elusive. This article revisits The Currency of Ideas and assesses what role ideational consensus may play now that the euro is a reality.