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The politics of IMF–EU cooperation : institutional change from the Maastricht Treaty to the launch of the Euro
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Broome, André (2012) The politics of IMF–EU cooperation : institutional change from the Maastricht Treaty to the launch of the Euro. Journal of European Public Policy, Vol.20 (No.4). pp. 589-605. doi:10.1080/13501763.2012.718882 ISSN 1466-4429.
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Official URL: http://dx.doi.org/10.1080/13501763.2012.718882
Abstract
How do regional changes affect the process of global governance? This article addresses this question by examining how the International Monetary Fund (IMF) responded to the challenges presented by Economic and Monetary Union (EMU) between the signing of the Maastricht Treaty in 1992 and the launch of the euro in 1999. Based on primary research from the IMF archives, the article illustrates how the IMF's efforts to reconfigure its relationship with European institutions evolved gradually through a logic of incremental change, despite initial opposition from member states. The article concludes that bureaucratic actors within international organizations will take advantage of informal avenues for promoting a new agenda when this fits with shared conceptions of an organization's mandate. The exercise of informal influence by advocates for change within an international organization can limit the options available to states in formal decision-making processes, even when these options cut across state preferences.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HJ Public Finance J Political Science > JZ International relations |
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Divisions: | Faculty of Social Sciences > Centre for the Study of Globalisation and Regionalisation Faculty of Social Sciences > Politics and International Studies |
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Library of Congress Subject Headings (LCSH): | International Monetary Fund, European Union, Treaty on European Union (1992), Euro, Money and politics -- European Union countries | ||||
Journal or Publication Title: | Journal of European Public Policy | ||||
Publisher: | Taylor and Francisc | ||||
ISSN: | 1466-4429 | ||||
Official Date: | 5 October 2012 | ||||
Dates: |
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Volume: | Vol.20 | ||||
Number: | No.4 | ||||
Page Range: | pp. 589-605 | ||||
DOI: | 10.1080/13501763.2012.718882 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 23 December 2015 | ||||
Date of first compliant Open Access: | 23 December 2015 |
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