Political Science Research on the Reasons for the (non) Adoption and (non) Implementation of EMU Reform Proposals: The State of the Art

36 Pages Posted: 31 Jan 2022 Last revised: 22 Feb 2022

See all articles by Vincent Lindner

Vincent Lindner

Leibniz Institute for Financial Research SAFE

Andreas Nölke

University of Frankfurt

Sandra Eckert

Aarhus Institute of Advanced Studies; Goethe University Frankfurt

Date Written: January 2022

Abstract

There have been numerous attempts to reform the Economic and Monetary Union (EMU) after the Great Recession, however the reform success varies greatly among sub-fields. Additionally, the political science research community has engaged a diverse set of theory- driven explanations, causal mechanisms, and variables to explain respective reform success. This article takes stock of reform policies in the EMU from two angles. First, it outlines distinct theoretical approaches that seek to explain success and failure of reform proposals and second, it surveys how they explain policy output and policy outcome in four policy subfields: financial stabilization, economic governance, financial solidarity, and cooperative dissolution. Finally, the article develops a set of explanatory factors from the existing literature that will be used for a Qualitative Comparative Analysis (QCA).

Keywords: Economic and Monetary Union, European integration, neoinstitutionalism, political economy, European Banking Union, European Capital Markets Union, economic governance, fiscal solidarity, policy reform

Suggested Citation

Lindner, Vincent and Nölke, Andreas and Eckert, Sandra, Political Science Research on the Reasons for the (non) Adoption and (non) Implementation of EMU Reform Proposals: The State of the Art (January 2022). SAFE Working Paper No. 339, Available at SSRN: https://ssrn.com/abstract=4020327 or http://dx.doi.org/10.2139/ssrn.4020327

Vincent Lindner (Contact Author)

Leibniz Institute for Financial Research SAFE ( email )

House of Finance
Theodor-W.-Adorno-Platz 3
Frankfurt, 60323
Germany

Andreas Nölke

University of Frankfurt

Grüneburgplatz 1
Frankfurt am Main, 60323
Germany

Sandra Eckert

Aarhus Institute of Advanced Studies ( email )

Høegh-Guldbergs Gade 6B
building 1630, 116
Aarhus, 8000 C
Denmark
+4587153749 (Phone)

HOME PAGE: http://https://aias.au.dk/aias-fellows/sandra-eckert/

Goethe University Frankfurt ( email )

Department of Social Sciences
Theodor-W.-Adorno-Platz 6
Frankfurt am Main, 60323
Germany
+49(69) 798-36505 (Phone)

HOME PAGE: http://https://www.goethe-university-frankfurt.de/54472448/Prof__Dr__Sandra_Eckert

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
52
Abstract Views
317
rank
516,488
PlumX Metrics