David Howarth
Datos Biográficos
| ID | 152302 |
|---|---|
| NOMBRE | David Howarth |
| NOMBRES | David |
| APELLIDO | Howarth |
| FIRMA | HOWARTH D |
| AFILIACIONES | University of Luxembourg |
| ORCID | 0000-0003-2697-165X |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 155 |
| TOTAL DE CITAS | 1176 |
| TOTAL COMO AUTOR | 153 |
| TOTAL COMO EDITOR | 2 |
| PRIMER AÑO DE PUBLICACIÓN | 1963 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2026 |
| ÍNDICE H | 19 |
Making markets
This article contributes to the scholarship on how public actors have shaped the direction of international financial market integration. We contend that supranational institutions have both a mandate to support capital market development and can directly contribute to this development through their debt issuance. As large AAA-rated issuers, supranational issuers possess the technical and financial resources to influence market developments. We i…
From Capital Markets Union to Savings and Investments Union
Financial market integration has been a major European Union (EU) policy goal since the earliest days of European integration in the 1950s and the subject of hundreds of pieces of EU legislation. Yet, competing economic interests and disagreements about suitable regulatory templates have stalled progress in this area, promoting new proposals, repeated relaunches and relabelling: inter alia, the Capital Markets Union project launched in early 2015…
Might bigger be better? How European Union competition policy became geopolitical
The European Union’s Competition Policy (EUCP) faces new challenges in the geopolitical age. Several modifications to EUCP have been adopted or proposed over the past half decade, even though the policy area has long been viewed as a bedrock of the single market under the purview of the Commission, and actively defended by both Commission officials and a range of member state governments. This article applies elements of liberal intergovernmental…
Controlling European money for failing banks
peer reviewed
Building a European Union ‘Treasury
This article examines how the European Commission went from being an occasional participant in capital markets in the 1970s to an established bond issuer by the 2020s. As a result of these changes, the Commission has moved away from its traditional model of back‐to‐back lending using a wide array of funding instruments towards the regular issuance of EU bonds and bills in the style of a European treasury. Using a principal–agent approach, we ask …
From Menace to Mundane
During the Eurozone's sovereign debt crisis, the ideational consensus that shaped the foundation of Economic and Monetary Union (EMU) was destabilized by disagreement on unconventional monetary policies (UMPs), specifically government bond purchases. In the ECB's 2021 strategy review, however, UMPs were confirmed as standard elements of the European Central Bank's (ECB) toolbox. What happened? One argument frequently presented to question the leg…
Accountability in pan-European borrowing
peer reviewed
Chinese currency exceptionalism
The People's Republic of China (PRC) lacks the macroeconomic conditions to internationalise its currency, the renminbi (RMB). Despite tight controls on capital markets in China, the international use of the RMB has increased significantly with the RMB becoming the fifth most used currency in global trade and financial markets. We argue that the internationalisation of the RMB has followed an unusual process, differing from the more typical featur…
Lending Overlap in Europe’s Financial Architecture
Europe ́s financial architecture has long been criticized as fragmented, notably because its two main multilateral public banks, the European Investment Bank and the European Bank for Reconstruction and Development, have increasingly engaged in lending overlap. This overlap, it is assumed, creates inefficiencies and duplications, undermining the banks fulfilment of their missions. However, little is known about this overlap and its consequences. …
From the Wieser report to Team Europe
peer reviewed
To play or not to play the ‘moral hazard card’
Avoiding moral hazard is a recurrent argument of those seeking to limit the development of European financial support mechanisms. Germany has been the traditional leader of this coalition of actors in the European Union (EU). However, in reaction to the Covid-19 pandemic, Germany supported an EU response which included grants and massive debt issuance. What was previously presented as unacceptable – because of moral hazard – became appropriate. T…
The EU’s Recovery and Resilience Facility
The Recovery and Resilience Facility (RRF) authorises the European Commission to borrow up to €672.5 billion to aid member states’ economic recovery from COVID-19. Some scholars see such funding as unprecedented. Others see a tight link with earlier borrowing instruments. By comparing the EU’s pandemic facility to eleven such instruments created between 1952 and 2021, this article shows that the RRF is familiar in some respects but novel in other…
Introduction to the special issue
The papers of this special issue investigate the persistent challenges to European Banking Union and explore the tensions between broader financial stability objectives and national political and socio-economic pressures through a diversity of lenses. In this introduction, we examine two main issues that need to be addressed in order to strengthen Banking Union: the incomplete institutional design of Banking Union and the difficulties encountered…
Moral Hazard, central bankers, and Banking Union
Banking Union was a major policy response to the financial crisis that began in 2007 and the subsequent Eurozone crisis. Moral hazard has frequently been presented as a major cause of these crises. Therefore, Banking Union can be understood as a response to moral hazard in relation to banks and sovereigns. Yet, moral hazard was an acknowledged and supposedly managed problem prior to these events. Paradoxically, moral hazard has been used to justi…
Six Questions in Search of a Tort
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Radical democracy, the commons and everyday struggles during the Greek crisis
Set against theoretical and strategic debates about theories of radical democracy, left populism and the commons, this article analyses and evaluates everyday struggles in Greek politics after the global financial crisis. It focusses on the cases of Vio.Me – the first workers’ recuperated factory in Greece – and the Metropolitan Community Clinic at Helliniko, which is the largest social solidarity health clinic in Greece. Viewed from the perspect…
Stillborn Banking Union
Our contribution demonstrates and explains the ineffectiveness of European Union (EU) bank resolution rules, a core element of Banking Union. This inadequacy owes in large part to the limited access to and insufficient availability of EU resolution funds and inadequate national deposit guarantee schemes in most EU member states, in conjunction with the relatively high minimum requirements for own funds and eligible liabilities (MREL) for many EU …
Local agency for the public purpose? Dissecting and evaluating the emerging discourses of municipal entrepreneurship in the UK
The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link
Torn between Two Lovers
German governments and European Union (EU) member states forming the New Hanseatic League (HL) have had very similar preferences on EU / Eurozone financial support mechanisms. We would expect German and HL governments to be close allies on these matters. However, empirically, we detect differences. German governments have repeatedly resisted participating in HL joint positions on EU financial support mechanisms and accepted compromises with Franc…
Contingent, contested and constructed
The European Central Bank and the German Constitutional Court
In May 2020, a ruling of the German Federal Constitutional Court (FCC) questioned the legality of the Bundesbank’s participation in the European Central Bank’s (ECB’s) Public Sector Purchase Programme. Applying elements of a principal-agent analysis, this article analyses how the FCC ruling presents us with a new understanding of the relationship between the ECB, other EU institutions and Eurozone member states. Existing principal-agent analyses …
Nein to ‘Transfer Union’
This paper argues that, on the development of European Union (EU)/Eurozone fiscal capacity German governments have consistently engaged in foot-dragging. Few German state elites have ever supported European fiscal capacity building beyond the EC budget. Following the outbreak of the Eurozone sovereign debt crisis, German governments agreed to the creation of financial support mechanisms only with reluctance. We see a case of continuity in German …
Failing forward in Economic and Monetary Union
In this article, we apply the ‘failing forward’ approach to analyse the negotiations on and design of reforms to Eurozone economic governance to tackle the Covid-19-related crisis of Economic and Monetary Union (EMU). This crisis highlights both spill-overs from major asymmetries in EMU and weaknesses in the incomplete economic governance of the Eurozone. We focus on the financial support mechanisms agreed upon after intergovernmental negotiation…
Hegemony, political subjectivity, and radical democracy
While the concept of hegemony has been employed with good effect to account for a wide range of social phenomena at the descriptive and explanatory levels, it remains under-theorized in mainstream political science and political theory.1
Courting India
Courting India: England, Mughal India and the origins of empire." The Seventeenth Century, 38(4), pp. 729–730
Banks and the False Dichotomy in the Comparative Political Economy of Finance
The wide-ranging varieties of capitalism literature rests on a particular conception of banks and banking that, the authors argue, no longer reflects the reality of modern financial systems. They take advantage of the greater information regarding bank activities revealed by the financial crisis to consider the reality, across eight of the world's largest developed economies, of the financial power of banks to act as bulwarks against market force…
Power, discourse, and policy
In this article, I argue that power and hegemony are vital for critically explaining a range of policymaking practices. Developing the basic assumptions of Ernesto Laclau and Chantal Mouffe's poststructuralist discourse theory, in which discourse is understood as an articulatory practice, I first elaborate the concept of power in relation to the work of Michel Foucault, Steven Lukes, and others. Power in this picture consists of radical acts of d…
Die Krise but not La Crise? The Financial Crisis and the Transformation of German and French Banking Systems
This article explores what the financial crisis shows about changes in the German and French banking systems, the two largest in continental Europe. In particular, we highlight processes of financialization – defined here as the increased trading of risk. We focus on an apparent contradiction: why did the supposedly more protectionist and conservative German banking system suffer much higher losses than the more liberalized French system? This ar…
The Steep Road to European Banking Union
Banking on Stability
The Basel III Accord on a ‘Global regulatory framework for more resilient banks and banking systems’ was issued in late 2010 as the cornerstone of the international regulatory response to the global financial crisis. Its adoption into European Union (EU) legislation has, however, been met with considerable member state reticence and intra-EU negotiations are ongoing. This paper investigates the political economy of new capital requirements in the…
Banking Union as Holy Grail
In 2012, the European Commission celebrated the twentieth anniversary of the European Union 'Single Market'.In a climate of trepidation about the future of the European project, the Commission organised a series of events to remind Europeans of the great strides in market integration since the late 1980s.However, the year itself was marked by little progress on internal market legislation.In the context of the on-going sovereign debt crisis and i…
Failing forward in Economic and Monetary Union
In this article, we apply the ‘failing forward’ approach to analyse the negotiations on and design of reforms to Eurozone economic governance to tackle the Covid-19-related crisis of Economic and Monetary Union (EMU). This crisis highlights both spill-overs from major asymmetries in EMU and weaknesses in the incomplete economic governance of the Eurozone. We focus on the financial support mechanisms agreed upon after intergovernmental negotiation…
Making and breaking the rules
French policy-makers have been caught in a dilemma with regard to the construction of the economic governance dimension of economic and monetary union (EMU) between two strong but contradictory preferences: on the one hand, the supranational consequences of an interventionist approach to macroeconomic policy and, on the other hand, a Gaullist reflex to retain sovereignty as much as possible and to insist upon intergovernmentalism in EU-level macr…
A Panacea for all Times? The German Stability Culture as Strategic Political Resource
The German Stability Culture is frequently pointed to in the literature as the source of the country's low inflationary policies and, at the European Union (EU) level, the design of Economic and Monetary Union (EMU).In Germany, the term was regularly wielded by central bankers and Christian Democrat (CDU-CSU) politicians to legitimise the move to EMU in the face of a large majority of public opinion opposed, and subsequent EU-level policy develop…
Structure, Agency and Power in Political Analysis
This article evaluates Mark Bevir and Rod Rhodes’ interpretive approach to political analysis by examining their account of social change. Their work is significant because they have endeavoured to construct a distinctive approach which strikes a productive balance between philosophical reflection and analytical attention to the empirical domain. Moreover, in elaborating their approach, Bevir and Rhodes wage a war along a number of fronts: positi…
Nein to ‘Transfer Union’
This paper argues that, on the development of European Union (EU)/Eurozone fiscal capacity German governments have consistently engaged in foot-dragging. Few German state elites have ever supported European fiscal capacity building beyond the EC budget. Following the outbreak of the Eurozone sovereign debt crisis, German governments agreed to the creation of financial support mechanisms only with reluctance. We see a case of continuity in German …
A transformative political campaign? The new rhetoric of protest against airport expansion in the UK
This article explores the logic of political protest by focussing on how, and in what form, groups reproduce themselves. It analyses how HACAN ClearSkies, a local airport protest group, has challenged the dominant ideology governing British aviation policy by articulating a new rhetoric of environmental protest. What we deem a transformative campaign extends the particularistic demand of stopping expansion at Heathrow to a more universal struggle…
Ethos, Agonism and Populism
This article explores William Connolly's call for a pluralist ethos and a politics of becoming as an antidote to the current malaise of liberal democratic governance. Evaluating Connolly's theoretical approach alongside Ernesto Laclau's logic of populism and Chantal Mouffe's advocacy of agonistic pluralism, it endeavours to synthesise these various post-structuralist interventions into a more encompassing proposal for radical democracy
Populism, Localism and Environmental Politics
Proposed plans to build or expand large infrastructure projects such as airports, motorways or housing developments are often sites of intense political contestation and conflict management. This article explores the intersection between environmental planning processes and political practices by analysing the Stop Stansted Expansion (SSE) campaign to curtail the further development of Stansted Airport in the south-east of England. Highlighting a…
Brexit and the battle for financial services
This paper analyses the policy developments concerning the Single Market in finance in the context of Brexit. Theoretically, we engage with two bodies of work that make contrasting predictions on European financial market integration and the development of European Union (EU) policies on financial regulation: one focused upon a neo-mercantilist ‘battle’ amongst member states and the other stressing the importance of transnational financial networ…
Internal Market
Space, Subjectivity, and Politics
This article questions the more exaggerated claims of a freestanding “spatial heuristic” in explaining, justifying and criticizing social practices, not least because the category of space remains undertheorized and conceptually indeterminate. Building upon the work of Jacques Derrida, Michel Foucault, Martin Heidegger, Ernesto Laclau, and others, the article clarifies the category of space, showing precisely how and why it is important for under…
Internationalised banking, alternative banks and the Single Supervisory Mechanism
This paper sets out to explain the preferences of the seven northern euro area member states on the Single Supervisory Mechanism (SSM) concerning the threshold set for direct European Central Bank (ECB) control over bank supervision. Building on the concept of the ‘financial trilemma’, it argues that different bank internationalisation patterns in the seven northern member states explain different preferences on the transfer of supervisory powers…
Metaphor, Catachresis and Equivalence
This article investigates the dynamics of current aviation policy in Britain by examining the consultation process surrounding the New Labour government's 2003 strategic plan to expand airport capacity in the UK. It examines the way in which the Freedom to Fly coalition structured the terrain of public reasoning and debate so as to negate or at least contain those voices that challenged the Labour government's desire for expansion. The article dr…
Logics, discourse theory and methods
Logics of Critical Explanation proposed a methodological approach that could render the insights of Poststructuralist Discourse Theory (PDT) and post-Marxist political theory more conducive to critical empirical research. It also offered a language with which to counter positivist tendencies to colonize the space of methods and research strategies, showing how PDT could facilitate both explanatory and critical endeavours. Since its publication in…
The Political Economy of European Capital Markets Union
This contribution undertakes a preliminary investigation of the ‘making’ of the CMU project, explaining what CMU is, its economic and political objectives, as well as its main drivers and obstacles. It is argued that the likely winners and losers of the project – both financial groups and specific Member State governments – largely formed the constituencies forand against CMU. The organization of national financial (and specifically banking) syst…
The ECB and the Stability Pact
The European Central Bank (ECB) has taken a forceful position in demanding that Euro-zone member states (acting collectively in the Eurogroup) maintain a strict interpretation and enforcement of the Stability Pact rules. This article challenges Artis and Winkler's (1997) use of the 'chicken game' as a model to capture the strategic interaction of the ECB with the Eurogroup with regard to the Stability Pact. It is argued that the ECB has been invo…
France and the International Financial Crisis
Despite the far‐reaching liberalization of theFrench banking system over the past quarter century,French banks suffered far less in the international financial crisis (2007–2009) than banks in theUnitedKingdom andGermany. However, theFrench system also suffered far more—at least in the first stages of the crisis—than the banking systems ofSouthernEurope. By several measures,French banks were world leaders in financial innovation, and theFrench ba…
An Archaeology of Political Discourse? Evaluating Michel Foucault's Explanation and Critique of Ideology
The resurgence of interest in the concept of ideology and its empirical application neglects the important contribution of Michel Foucault. Despite Foucault's epistemological reservations about the concept of ideology, both his archaeological and genealogical writings develop original approaches to the analysis of concrete ideologies. This article evaluates Foucault's archaeological approach by applying it to the case of Black Consciousness ideol…
Economic and Monetary Union at twenty
This contribution discusses the two main asymmetries of European Economic and Monetary Union (EMU) as they developed over the past two decades since the launch of the Single Currency. From the outset, EMU involved asymmetric degrees of integration in the area of ‘economic’ union (less centralised governance) versus ‘monetary’ union (more supranational governance). With the outbreak of the Sovereign Debt Crisis in 2010, the regime-shaping relevanc…
My Land and My People
The Desert King. Ibn Saud and His Arabia
Law and Politics in Africa, Asia and Latin America" analyses legal and constitutional developments in all states or regions outside of Europe as well as their regional and international integration. Founded in 1968 and inspired by decolonization and the idea of a cooperative new beginning, the Journal also promotes a special interest in contributions on 'Law and development'. The journal aims to provide a forum for a variety of perspectives on th…
Samuel Boothouse and English Artistic Enterprise in Seventeenth-Century Italy
This article concentrates upon the Anglo-Dutch merchant Samuel Boothouse who traded from Livorno between 1625 and 1640. Whilst he never aspired to the social eminence of a Horace Mann, it is clear from his extensive correspondence that he was much courted by English travellers who depended upon him for their entrée to Florentine society
Reflections on Ernesto Laclau's new reflections on the revolution of our time
(1991). Reflections on Ernesto Laclau's new reflections on the revolution of our time. Politikon: Vol. 19, No. 1, pp. 120-133
The compromise on Denmark and the treaty on European union
A Long Courtship
History and its Images by Francis Haskell , New Haven and London: Yale University Press, 1993, 558 pp., 21 col. plates, 242 b. & w. illus., £29.95
Textbook on Tort
Reflections on the politics of space and time
Images of Rule
The God that Rules
The Church was the First Estate of the Realm, churches the most controversial buildings in early modern Britain. John Morrill has argued that men cared more about their religion than anything else by the 1630s.1 This has been proposed on the grounds that most pamphlets produced in the war of words which preceded Civil War were about religion and freedom of worship. To those who find it hard to believe that men could care more for what is unseen t…
Complexities of identity/difference
The Black Consciousness Movement in South Africa has been criticized by a number of academic and non?academic commentators for failing to contribute substantially to the overall trajectory of political resistance in the post?Sharpeville period, for constituting a reactionary ideology of cultural authenticity and racial particularity, and for simply repeating other forms of separatist ideology such as those of Black Power in the US, or Africanism …
Discourse Theory and Political Analysis
An overview of contributions to the development of discourse theoretical approaches in social science from the work of Althusser, Lacan, Derrida, Foucault, Laclau, and Mouffe. Particular attention is given to the concepts of signification, antagonisms, political subjectivity, agency, hegemony, the hermeneutical tradition in social science, and how to apply deconstruction methods.
South Africa in Transition
South Africa in Transition utilises new theoretical perspectives to describe and explain central dimensions of the democratic transition in South Africa during the late 1980s and early 1990s, covering changes in the politics of gender and education, the political discourses of the ANC, NP and the white right, constructions of identity in South Africa's black townships and rural areas, the role of political violence in the transition, and accounts…
South Africa in Transition
Images of Rule
The wealthy and powerful of Renaissance Europe aimed to acquire and practice a wide range of accomplishmentsexpertise in dress and jewellery, building and gardening, dogs, horses, hunting and horsemanship, discernment in collecting everything from stuffed animals to old masters, appreciation of classical and contemporary literature, knowledge of foreign languages, and political, diplomatic and military skills.During the nineteenth and early twent…
Alternance, continuity and change
Second Runway at Manchester
Journal Article Second Runway at Manchester Get access STEVEN GRIGGS, STEVEN GRIGGS Search for other works by this author on: Oxford Academic Google Scholar DAVID HOWARTH, DAVID HOWARTH Search for other works by this author on: Oxford Academic Google Scholar BRIAN JACOBS BRIAN JACOBS Search for other works by this author on: Oxford Academic Google Scholar Parliamentary Affairs, Volume 51, Issue 3, July 1998, Pages 358–369, https://doi.org/10.1093…
New Politics in/about the Continent at Start of Twenty-First Century
On the Question, “What is Law?”
Comparing Public Administrative Reform in France and the UK
The European policy of the Jospin government
This article presents a constructivist-inspired analysis of the Jospin government's European policy, understanding most policy developments during this period as variations on well-established French preferences—rooted in a modified Gaullist paradigm—embedded in French state identity. The variations reflect external political and economic pressures. By June 1997, the potential contradiction between perceptions of European integration as an extens…
Ethnic and Racial Identities in a Changing South Africa
An Archaeology of Political Discourse? Evaluating Michel Foucault's Explanation and Critique of Ideology
The resurgence of interest in the concept of ideology and its empirical application neglects the important contribution of Michel Foucault. Despite Foucault's epistemological reservations about the concept of ideology, both his archaeological and genealogical writings develop original approaches to the analysis of concrete ideologies. This article evaluates Foucault's archaeological approach by applying it to the case of Black Consciousness ideol…
An Alliance of Interest and Identity? Explaining The Campaign Against Manchester Airport's Second Runway
This article examines the campaign against the construction of Manchester Airport's second runway. Articulating insights from rational choice theory within a framework of discourse theory, it provides a set of theoretical tools with which to problematize and explain the Manchester case. Attention is focused on the strategic construction of group identities and interests by leading protest brokers who organized and orchestrated the campaign. The a…
Porter, Endymion
Political science (113 obras) · Law (91 obras) · Politics (78 obras) · Law (73 obras) · Sociology (65 obras) · Economics (64 obras) · European union (46 obras) · European Union Policy and Governance (39 obras) · Computer Science (35 obras) · Philosophy (33 obras)