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

Schelkle, W.ORCID logo (2006). The theory and practice of economic governance in EMU revisited: what have we learnt about commitment and credibility? Journal of Common Market Studies, 44(4), 669-685. https://doi.org/10.1111/j.1468-5965.2006.00657.x
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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.

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