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CentrePiece article
Five Years of the ECB
Peter B. Kenen
June 2003
Paper No' CEPCP147:
Full Paper (pdf)

CentrePiece 8 (2) Summer 2003

Peter Kenen looks back on the lessons to be learned from the early experience of European monetary union and concludes that it is paying too much attention to monetary aggregates.

This article is an edited version of his Queen's Anniversary Prize Lecture 'Reassessing the Euro: expectations and achievements' delivered at the LSE on 18 February 2003