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The Theory and Practice of Economic Governance in EMU Revisited: What Have we Learnt About Commitment and Credibility? *
Author(s) -
SCHELKLE WALTRAUD
Publication year - 2006
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/j.1468-5965.2006.00657.x
Subject(s) - tying , credibility , corporate governance , positive economics , economics , political science , sociology , law and economics , law , management , microeconomics
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.