Chapter

How the Euro‐Zone Operates: The Institutional Approach

Kenneth Dyson

in The Politics of the Euro-Zone

Published in print September 2000 | ISBN: 9780199241651
Published online November 2003 | e-ISBN: 9780191599118 | DOI: http://dx.doi.org/10.1093/0199241651.003.0005
How the Euro‐Zone Operates: The Institutional Approach

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This chapter offers a comparative assessment of three types of institutional approach (historical, sociological, rational‐choice) to how the Euro‐zone operates, outlining the strengths and limitations of each. It examines the differences between macro‐political (top‐down) and micro‐political (bottom‐up) perspectives, and discusses their varying predictions in respect of the Euro‐zone's long‐term stability. The analysis again supports the view that the Euro‐zone will require a Kantian political culture of multilateral action and collective interest and identity, if it is to flourish.

Keywords: Euro‐zone; institutionalism; Kant

Chapter.  7193 words. 

Subjects: European Union

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