Beyond the economics of the euro - analysing the institutional evolution of EMU 1999-2010

Marion Salines, Gabriel Glöckler, Zbigniew Truchlewski and Paola del Favero

No 127, Occasional Paper Series from European Central Bank

Abstract: This Occasional Paper examines how and why the institutional framework governing EMU has evolved since the creation of the euro. Building on theories of institutionalism, the paper in particular investigates to what extent functional spillovers from the single currency into other policy domains, like macroeconomic policies or financial regulation, met with an adequate institutional response, and to what extent the existing institutional framework conditioned the response to the financial crisis. The interaction between policy requirements and institutional capabilities is examined both in JEL Classification: E52, E31, D84

Keywords: EMU institutional architecture; historical institutionalism; institutional change; rational choice (search for similar items in EconPapers)
Date: 2011-09
Note: 1720042
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbops:2011127

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