Chapter

EMU's Impact on National Institutions: Fusion Towards a ‘Gouvernance Économique’ or Fragmentation ?

Wolfgang Wessels and Ingo Linsenmann

in European States and the Euro

Published in print March 2002 | ISBN: 9780199250257
Published online November 2003 | e-ISBN: 9780191599101 | DOI: http://dx.doi.org/10.1093/0199250251.003.0003
 EMU's Impact on National Institutions: Fusion Towards a ‘Gouvernance Économique’ or Fragmentation  ?

Show Summary Details

Preview

Taking the new treaty provisions and subsequent acts as independent variables, this chapter considers the impacts of three sets of significantly different modes of governance— supranational policy‐making, ‘hard’ coordination, and ‘soft’ coordination—on domestic actors and institutions in the 15 member states with varying politico‐institutional as well as socioeconomic backgrounds. Following ‘top‐down’ institutionalist approaches, the core assumption is that, the institutional developments on the European level will trigger changes in domestic institutions. However, two alternative scenarios serve as points of reference for examining empirical developments at both European and domestic levels: first, the possibility of common trends towards a vertical and horizontal fusion leading to a ‘gouvernance économique’; second, the emergence of fragmentation trends across policy areas and levels of interaction.

Keywords: EMU; monetary policy

Chapter.  9006 words.  Illustrated.

Subjects: European Union

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.