Consensus and Constraint: Ideas and Capital Mobility in European Monetary Integration
Kathleen R. McNamara
Journal of Common Market Studies, 1999, vol. 37, issue 3, 455-476
Abstract:
The critical foundation for European monetary integration is the neoliberal economic policy convergence that occurred across the majority of the European governments beginning in the mid‐1970s and solidifying in the 1980s. While capital mobility determines the conditions under which international monetary agreements can be sustained, political leaders’ policy ideas or shared normative and causal beliefs about monetary policy are necessary to explain whether states choose to meet those conditions. These ideational factors are critical in part because of the high degree of uncertainty over the distributional effects of exchange rate and monetary co‐operation, ambiguity which mutes both mass political debate and sectoral interest‐group activity. A template of ideational change is thus proposed to explain the path of European monetary integration.
Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (4)
Downloads: (external link)
https://doi.org/10.1111/1468-5965.00173
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:bla:jcmkts:v:37:y:1999:i:3:p:455-476
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0021-9886
Access Statistics for this article
Journal of Common Market Studies is currently edited by Jim Rollo and Daniel Wincott
More articles in Journal of Common Market Studies from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().