The Local Hegemon's Protection: Explaining German's [i.e. Germany's] Decision to Participate in European Monetary Union |
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acceptance achieve actors adjustment agreed agreement Angeles approach argued argument Berkeley billion DM Bundesbank burden capital cent Center central bank collective commitment common condition convergence cooperation costs countries created crisis criteria culture currency decision deficit demanded domestic dominant economic Economist Eichengreen Europe example exchange rate stability exercise explanation exports Federal fiscal forces foreign policy France French gains German preferences Germany Germany's global growth hegemonic History identity important incentive increasing independence Industry inflation institutions Integration interest interventions issue Italy January lead leadership liberal liquidity Maastricht maintain monetary policy monetary union move multilateral participants Parties Political Science position preferences pressures prevent price stability protect raise realignments reduced regional relations reserves role rules shape share single sovereignty Structural suggests trade tradition Unification United University of California weak