Back to Search
Start Over
Still a regulatory state? The European Union and the financial crisis.
- Source :
-
Journal of European Public Policy . Aug2015, Vol. 22 Issue 7, p889-907. 19p. - Publication Year :
- 2015
-
Abstract
- The European Union (EU) has been conceptualized as a regulatory state, i.e., an emerging polity that differs from the classic Westphalian state. Unable to engage in redistribution and stabilization, the EU has specialized in a range of regulatory functions related to market creation and management of externalities. We argue that the European financial crisis is pushing the EU to move beyond regulation. We explore the origins of and responses to the crisis, and examine the ways in which the crisis is creating pressures for stabilization and fiscal policy. Indeed, we argue that significant inroads into these areas have already been made and further changes in the direction of stabilization and fiscal policy are likely, though whether such competences are centralized or decentralized is an open question. [ABSTRACT FROM AUTHOR]
- Subjects :
- *GOVERNMENT regulation & economics
*EUROPEAN Sovereign Debt Crisis, 2009-2018
*ECONOMIC stabilization
*INCOME redistribution
*FINANCIAL markets -- Government policy
*EXTERNALITIES
*FISCAL policy
*MACROECONOMICS
*DECENTRALIZATION in government
*COMMERCIAL policy
*PUBLIC finance
*TWENTY-first century
*GOVERNMENT policy
*ECONOMICS
EUROPEAN Union politics & government
Subjects
Details
- Language :
- English
- ISSN :
- 13501763
- Volume :
- 22
- Issue :
- 7
- Database :
- Academic Search Index
- Journal :
- Journal of European Public Policy
- Publication Type :
- Academic Journal
- Accession number :
- 102578050
- Full Text :
- https://doi.org/10.1080/13501763.2014.988638