Federalism and European Union : A Political Economy Perspective
by
David McKay
Book Details
Format
Paperback / Softback
ISBN-10
0198296770
ISBN-13
9780198296775
Publisher
Oxford University Press
Imprint
Oxford University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 28th, 1999
Print length
216 Pages
Weight
262 grams
Dimensions
21.60 x 13.80 x 1.30 cms
Ksh 10,000.00
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Federalism and European Union explain the political and economic reasons behind the countries of the EU federal bargaining at Maastricht for economic monetary union. By making comparisons with other federations, the book examines the political and economic conditions under which federations succeed or fail.
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.
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