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U.S. policy in the euro crisis and the institutional deepening of the monetary union
Journal of Economic Policy Reform ( IF 2.059 ) Pub Date : 2020-07-13 , DOI: 10.1080/17487870.2020.1760099
C. Randall Henning 1
Affiliation  

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.



中文翻译:

美国在欧元危机中的政策和货币联盟的体制深化

摘要

欧洲一体化的理论方法经常被低估,有时会忽略外部参与者的作用。但是,起诉2010-2015年欧元危机的政权体系直接或间接地通过IMF牵涉到美国。追踪这种外部参与表明,尽管美国和国际货币基金组织的官员们希望使欧元区机构更深入地发展,但仍为建立EFSF / ESM,欧洲央行采取有力的行动以及启动银行联盟项目做出了重大贡献。该结论提出了可证伪的期望,可以在此基础上发展和检验区域一体化中的外部影响理论。

更新日期:2020-07-13
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