U.S. policy in the euro crisis and the institutional deepening of the monetary union

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2020-07-02 DOI:10.1080/17487870.2020.1760099

C. Henning, J. Boughton, Meg Lundsager, Edwin M. Truman, Martin A. Weiss, T. Wieser

引用次数: 3

Abstract

ABSTRACT Theoretical approaches to European integration often downplay and sometimes ignore the role of external actors. But the regime complex through which the euro crisis of 2010-2015 was prosecuted involved the United states directly and indirectly through the IMF. Tracing such external involvement shows that, although they preferred greater deepening of euro area institutions than was achieved, U.S. and IMF officials nonetheless contributed substantially to the creation of the EFSF/ESM, robust ECB action and launch of the banking union project. The conclusion formulates falsifiable expectations on which a theory of external influence in regional integration can be developed and tested.

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美国在欧元危机中的政策和货币联盟的制度深化

欧洲一体化的理论研究往往低估甚至有时忽略外部行动者的作用。但是，2010-2015年欧元危机所依赖的复杂体制直接或间接地通过IMF牵涉到美国。对这种外部参与的追踪表明，尽管美国和国际货币基金组织官员倾向于进一步深化欧元区机构，但他们仍然为EFSF/ESM的创建、欧洲央行的有力行动和银行业联盟项目的启动做出了重大贡献。结论提出了可证伪的预期，在此基础上可以发展和检验区域一体化中的外部影响理论。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.