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Monetary Policy at the European Periphery formatIsbn:Softcover - 9783642631184 dass es sich bei derAt long last, monetary union has dawned in Europe. Eleven member states now share the common currency, forming a larger EMU than many observers, who thought that monetary union would initially be restricted to the core countries of the European Union, expected. The next item on the EMU agenda now is the question how to bring the remaining members of the European Union into the monetary union. I. A. Mourmouras and M. G. Arghyrou address this question