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A Theoretical Approach of Economic and Monetary Union: does practice vindicate liberal intergovernmentalism?

dc.contributor.authorVila Maior, Paulo
dc.contributor.refereednopor
dc.date.accessioned2010-05-13T11:41:21Zpor
dc.date.accessioned2011-12-07T14:57:59Z
dc.date.available2010-05-13T11:41:21Zpor
dc.date.available2011-12-07T14:57:59Z
dc.date.issued2007por
dc.description.abstractThe literature strongly suggests that the creation of Economic and Monetary Union (EMU) was largely influenced by the “power of ideas”, an accommodation to international markets challenges. The outcome was EMU’s political-economy inspired by the monetarist school, a considerable disempowerment of national governments. Put in the perspective of European integration theories, EMU seemed to reject liberal intergovernmentalism claims that member states’ interests are the major input to European integration developments. However, since the monetary union was launched several events showed that national governments re-captured the influence they theoretically lost with EMU. Notably the persistent breach of the Stability and Growth Pact might be the evidence that EU institutions (especially the Commission) and other societal actors lost ground to national governments. The paper asks whether the operation of EMU reflects a paradigm change in terms of European integration theories: how liberal intergovernmentalism emerged as the theory with greater explanatory potential of EMU in motion.por
dc.identifier.citationAnnual Conference and 12th Research Conference ‘Exchanging Ideas on Europe 2007: Common Values - External Policies’, 37, UK, 2007.por
dc.identifier.urihttp://hdl.handle.net/10284/1416por
dc.language.isoengpor
dc.subjectEuropean integration theoriespor
dc.subjectEconomic and Monetary Unionpor
dc.subjectLiberal intergovernmentalismpor
dc.subjectNeofunctionalismpor
dc.subjectSupranational governancepor
dc.subjectInstitutionalismpor
dc.titleA Theoretical Approach of Economic and Monetary Union: does practice vindicate liberal intergovernmentalism?por
dc.typeconference object
dspace.entity.typePublication
person.familyNameVila Maior
person.givenNamePaulo
person.identifierN-1593-2013
person.identifier.ciencia-idB816-B6FA-5EA7
person.identifier.orcid0000-0002-6547-136X
rcaap.rightsopenAccesspor
rcaap.typeconferenceObjectpor
relation.isAuthorOfPublication8d5a2d3b-defc-4bee-b66e-9eaa47e4d573
relation.isAuthorOfPublication.latestForDiscovery8d5a2d3b-defc-4bee-b66e-9eaa47e4d573

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