Adjusting an institutional framework to a globalising world: the creation of new institutions in the EEC, 1957-1992. Issue 3 (2nd July 2020)

• Record Type: Journal Article
• Authors: Mourlon-Druol, Emmanuel
• Is Part Of: Journal of economic policy reform. Volume 23:Issue 3(2020)
• Page Start: 273
• Page End: 289
• Publication Date: 2020-07-02
• Subjects: Institution -- economic and monetary union -- European council -- European commission -- council of ministers -- banking advisory committee -- contact group -- basel committee on banking supervision -- European economic community; Economic policy -- Periodicals; Commercial policy -- Periodicals; Monetary policy -- Periodicals; International trade -- Periodicals; Developing countries -- Economic policy -- Periodicals; Former Soviet republics -- Economic policy -- Periodicals; Post-communism -- Periodicals; Policy sciences -- Periodicals; 338.9
• DOI: 10.1080/17487870.2019.1683009
• Languages: English
• ISSNs: 1748-7870

Abstract

ABSTRACT: This article explores the development of all new EEC institutions between 1957 and 1992 within policy areas relevant to the possible development of a European single currency. It argues that if most institutions created pre-1992 were not crisis management institutions as would be the case post-2008, some important institutions were created in response to the perception of a structural international banking/political/economic crisis, particularly in the 1970s. This comparison in time underlines the continuity of reflections about the missing elements of a functioning single currency area, the obstacles to reform, and sheds light on the radical institutional changes that occurred post-2008.