"Oatley deftly welds together economic and public choice theories, statistical analysis, and historical case studies to produce a sophisticated and superb book in which he addresses two primary questions. First, how can one explain the creation and evolution of European exchange rate institutions? Second, how can one explain the significant cross-national and longitudinal variation in European policymakers' ability to stabilize exchange rates within such institutions?"
—Richard Deeg, Temple University, American Political Science Review, June 2000
— Richard Deeg, Temple University, American Political Science Review
". . . an important contribution to the ongoing debate over how EMU happened and the interaction between domestic political objectives, domestic economic realities, and the seeming desirability of deepening European economic integration."
—Patrick Crowley, Middlebury College, Canadian Journal of Political Science , Volume 32, No. 2
— Patrick Crowley, Middlebury College, Canadian Journal of Political Science
"Its elegant, parsimonious theory makes reading the book stimulating and thought-provoking."
—Matthiais Kaelberer, Comparative Politics, October 2002
— Matthiais Kaelberer, Comparative Politics