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International And Domestic Institutions In The Emu Process

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  • LISA L. MARTIN

Abstract

European progress toward monetary union takes place within the highly institutionalized setting of the European Community (EC). This paper examines the ways in which formal institutions and decisionmaking procedures have constrained the Economic and Monetary Union (EMU) process. The EC's structure has both created demands for and facilitated cross‐issue linkages, and these linkages characterize the successful bargaining on EMU. However, success also requires ratification. Domestic ratification procedures and changes in the EC's context of linkage have created challenges for the ratification of the Maastricht treaty. Ratification is also tied to concerns about democratic accountability, which arise from current legislative procedures and are the subject of ongoing institutional reform.

Suggested Citation

  • Lisa L. Martin, 1993. "International And Domestic Institutions In The Emu Process," Economics and Politics, Wiley Blackwell, vol. 5(2), pages 125-144, July.
    • Handle: RePEc:bla:ecopol:v:5:y:1993:i:2:p:125-144
    DOI: 10.1111/j.1468-0343.1993.tb00071.x
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    Cited by:

    1. Barry Eichengreen., 1993. "International Monetary Arrangements for the 21st Century," Center for International and Development Economics Research (CIDER) Working Papers C93-021, University of California at Berkeley.
    2. Hallett Andrew Hughes & Braga C. A. Primo, 1994. "The New Regionalism and the Threat of Protectionism," Journal of the Japanese and International Economies, Elsevier, vol. 8(4), pages 388-421, December.
    3. Susanne Lohmann, 1997. "Linkage Politics," Journal of Conflict Resolution, Peace Science Society (International), vol. 41(1), pages 38-67, February.
    4. Magnus Lundgren & Kseniya Oksamytna & Vincenzo Bove, 2022. "Politics or Performance? Leadership Accountability in UN Peacekeeping," Journal of Conflict Resolution, Peace Science Society (International), vol. 66(1), pages 32-60, January.
    5. Lisa L. Martin, 1994. "4. Heterogeneity, Linkage and Commons Problems," Journal of Theoretical Politics, , vol. 6(4), pages 473-493, October.
    6. Robert Pahre, 1997. "Endogenous Domestic Institutions in Two-Level Games and Parliamentary Oversight of the European Union," Journal of Conflict Resolution, Peace Science Society (International), vol. 41(1), pages 147-174, February.

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