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Adjusting an institutional framework to a globalising world: the creation of new institutions in the EEC, 1957-1992

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  • Emmanuel Mourlon-Druol

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.

Suggested Citation

  • Emmanuel Mourlon-Druol, 2020. "Adjusting an institutional framework to a globalising world: the creation of new institutions in the EEC, 1957-1992," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 23(3), pages 273-289, July.
    • Handle: RePEc:taf:jpolrf:v:23:y:2020:i:3:p:273-289
    DOI: 10.1080/17487870.2019.1683009
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    Cited by:

    1. Paola Subacchi, 2021. "An Economic and Monetary 'Experiment' Gone Too Far?," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(2), pages 157-180, December.
    2. Acosta, Juan & Rancan, Antonella & Sergi, Francesco, 2022. "Centralised and Decentralised Approaches to Multi-Country Macroeconometric Modelling at the Commission of the European Communities: The Short-Lived EUROLINK Model," Economics & Statistics Discussion Papers esdp22081, University of Molise, Department of Economics.
    3. Acosta, Juan & Rancan, Antonella & Sergi, Francesco, 2023. "Multi-country modelling at the commission of the European communities: Centralised and decentralised approaches," European Economic Review, Elsevier, vol. 158(C).

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