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Federalism and European Union: A Political Economy Perspective

Author

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  • McKay, David

    (University of Essex)

Abstract

Federalism and European Union examines the decision to adopt EMU as a federal bargain by the European Union as designed to provide the countries of Europe with a bulwark against the volatility of the international economy. Although the precise motives of the participants varied from country to country, all were agreed that only federal like political and economic arrangements would provide a guarantee of economic and political stability. The author provides a coherent theoretical framework for understanding the decisions taken at Maastricht and later. By making comparisons with other federations, the book also examines the political and economic conditions under which federations succeed or fail. It concludes that EMU will only be politically sustainable if novel ways are found to limit centrally imposed fiscal and spending policies.

Suggested Citation

  • McKay, David, 1999. "Federalism and European Union: A Political Economy Perspective," OUP Catalogue, Oxford University Press, number 9780198296775.
    • Handle: RePEc:oxp:obooks:9780198296775
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    Cited by:

    1. Troitiño David Ramiro, 2013. "The Current Economic Crisis of the EU: Genesis, Analysis and Solutions," TalTech Journal of European Studies, Sciendo, vol. 3(1), pages 6-28, June.
    2. Troitiño David Ramiro, 2014. "The British Position towards European Integration: A Different Economic and Political Approach," TalTech Journal of European Studies, Sciendo, vol. 4(1), pages 119-136, June.
    3. John H. P. Williams, 2005. "Great Britain and the European Constitution: A Strategic analysis," International Interactions, Taylor & Francis Journals, vol. 31(1), pages 55-85, January.
    4. Hans Vollaard, 2014. "Explaining European Disintegration," Journal of Common Market Studies, Wiley Blackwell, vol. 52(5), pages 1142-1159, September.

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