"Despite a long history of program engagement, the Fund has not developed guidance on program design in members of currency unions. The Fund has engaged with me

Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"—that is, expansionary during recessions and contractionary in b

This note aims to provide guidance on the key principles and considerations underlying the design of Fund-supported programs. The note expands on the previous o

Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monet

Once upon a time, in the 1990s, it was widely agreed that neither Europe nor the United States was an optimum currency area, although moderating this concern wa