Fiscal Policy Co-ordination in the European Monetary Union
A Preference-Based Explanation of Institutional Change
This book studies the formal creation and the gradual change of the Stability and Growth Pact in the European Monetary Union (EMU). Daniela Schwarzer explains why and how the Pact was pushed through by Germany despite fierce opposition from the majority of member states. She provides a unique in-depth analysis of how a new coalition of member states, again comprising Germany, achieved a creeping reinterpretation of the rules which prepared the way for a formal reform of the Pact in 2005, ten years after its invention. Four case studies show why and how the margin of manoeuvre inherent in the Pact was used to accommodate the preferences of tho…
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Produktdetails
- ISBN: 978-3-8329-2428-7
- EAN: 9783832924287
- Produktnummer: 16874696
- Verlag: Nomos Verlagsges.MBH + Co
- Sprache: Englisch
- Erscheinungsjahr: 2006
- Seitenangabe: 203 S.
- Masse: H22.7 cm x B15.2 cm x D1.5 cm 310 g
- Auflage: Aufl
- Abbildungen: illustrations
- Reihenbandnummer: 72
- Gewicht: 310
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