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Governing the Euro Area in Good Times and Bad

Dermot Hodson

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199572502
eISBN:
9780191728860
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199572502.001.0001
Subject:
Political Science, Political Economy, European Union

Can the euro area survive without a centralized economic policy? What lessons can be drawn from Economic and Monetary Union (EMU) about new modes of policymaking in the European Union? Have euro area ... More


The Politics of the Euro-Zone: Stability or Breakdown?

Kenneth Dyson

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241651
eISBN:
9780191599118
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199241651.001.0001
Subject:
Political Science, European Union

The Euro‐zone represents the single most important step in European integration since 1957 and one of the boldest economic, monetary, and political projects in modern history. This book examines the ... More


Monetary Sovereignty, Domestic Policies, and Intergovernmental Accord

Elie Cohen

in From the Nation State to Europe: Essays in Honour of Jack Hayward

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199244034
eISBN:
9780191599897
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199244030.003.0002
Subject:
Political Science, European Union

It is essentially the conjunction of French and German interests that has produced the euro; a conjunction in which foreign and domestic political interests have been cloaked with an economic ... More


Image and Illusion in the Design of the EMU

James Forder

in From the Nation State to Europe: Essays in Honour of Jack Hayward

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199244034
eISBN:
9780191599897
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199244030.003.0010
Subject:
Political Science, European Union

The success of the European Monetary Union programme is closely connected to the viability of the European Central Bank, and thence to the inordinate extent to which the design of the ECB was ... More


How the Euro‐Zone Operates: An ECB‐Centric Euro‐Zone?

Kenneth Dyson

in The Politics of the Euro-Zone: Stability or Breakdown?

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241651
eISBN:
9780191599118
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241651.003.0002
Subject:
Political Science, European Union

This chapter argues that the Euro‐zone was designed to provide a central role for the European Central Bank (ECB), with integrative powers in excess of those available to the European Commission. It ... More


How the Euro‐Zone Operates: A ‘Two‐Level’ Game, a Child of the Franco–German ‘Couple’, or a New ‘Motor’ For Europe?

Kenneth Dyson

in The Politics of the Euro-Zone: Stability or Breakdown?

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241651
eISBN:
9780191599118
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241651.003.0003
Subject:
Political Science, European Union

This chapter analyses the political leadership dynamics that have underpinned both the creation of the Euro‐zone by the member states of the EU and their coming to terms with the extensiveness of the ... More


How the Euro‐Zone Operates: ‘Hollowing Out’ Or Rescue of the European State?

Kenneth Dyson

in The Politics of the Euro-Zone: Stability or Breakdown?

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241651
eISBN:
9780191599118
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241651.003.0004
Subject:
Political Science, European Union

This chapter assesses and compares the ‘governance’ and ‘state‐centric’ models of interaction between member states and the operation of the Euro‐zone. The ‘governance’ model overemphasizes the ... More


The ECB as a Reluctant EU Institution

Dermot Hodson

in Governing the Euro Area in Good Times and Bad

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199572502
eISBN:
9780191728860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199572502.003.0002
Subject:
Political Science, Political Economy, European Union

This chapter explores the European Central Bank’s (ECB) evolution as a political actor from a rational choice institutionalist perspective. It takes issue with claims that the Bank shares the same ... More


The Rise and Fall of the Eurogroup

Dermot Hodson

in Governing the Euro Area in Good Times and Bad

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199572502
eISBN:
9780191728860
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199572502.003.0003
Subject:
Political Science, Political Economy, European Union

Since its first meeting in June 1998, the Eurogroup has been progressively formalized, acquiring a permanent secretariat, a fixed-term presidency, and legal status under the Lisbon Treaty. This ... More


Accountability, Credibility, Transparency, and Stabilization Policy in the Eurosystem

Alex Cukierman

in The Impact of EMU on Europe and the Developing Countries

Published in print:
2001
Published Online:
October 2011
ISBN:
9780199245314
eISBN:
9780191697449
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199245314.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the relationship between accountability and credibility and discusses factors that might affect this trade-off. It also examines how transparency-enhancing measures interact ... More


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