EMU Reform Mechanisms
A Multi-Level Analysis of the European Sovereign Debt Crisis in a Case Study of Ireland and Spain
In a case study of Ireland and Spain, the author establishes a framework that explains how reforms were enabled in the EMU during the eurozone crisis through a mechanism of interdependence between the member state and the European levels. The strong interconnection between both levels proved to be both a cause and a remedy: Each level being dependent on the other´s reliable functioning created an upward spiral of mutually perpetuated reform and thus a process of deepening integration. The author shows that this high degree of interconnectedness was induced by weaknesses on both levels and a simultaneous inability to single-handedly introduce changes, which thus necessitated external intervention by the respective other level.
| Autor: | Siegle, Clara Isabella |
|---|---|
| ISBN: | 9783828849655 |
| Auflage: | 1 |
| Sprache: | Englisch |
| Seitenzahl: | 100 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Nomos |
| Veröffentlicht: | 30.01.2024 |
| Untertitel: | A Multi-Level Analysis of the European Sovereign Debt Crisis in a Case Study of Ireland and Spain |
| Schlagworte: | EMU EMU reform mechanisms EWU EWU Reformmechanismen European sovereign debt crisis Europäische Staatsschuldenkrise Europäische Währungsunion Eurozone-Krise eurozone crisis external intervention |
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