Shawn Donnelly
Biographic Data
| ID | 4378900 |
|---|---|
| NAME | Shawn Donnelly |
| GIVEN NAMES | Shawn |
| FAMILY NAME | Donnelly |
| SIGNATURE | DONNELLY S |
| AFFILIATIONS | University of Twente |
| ORCID | 0000-0003-2791-6505 |
| VERIFIED | Yes |
| TOTAL WORKS | 18 |
| TOTAL CITATIONS | 89 |
| AUTHOR COUNT | 18 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 5 |
Remaking European Political Economies
Policy‐Maker of Last Resort? Drivers of Discretion at the European Central Bank
Under what conditions does the ECB become the policy-maker of last resort? This article surveys five incidences in which the ECB created its own rules or exercised discretion beyond the effective control of political principals. ECB rule-making took place where the Bank had an initial legal mandate to be present in the policy space, where it could exploit unique institutional interfaces with the banking community and Economic and Monetary Union s…
Digital sovereignty as control: The regulation of digital finance in the European Union
Crypto-finance is becoming increasingly popular, but the area is still unregulated in many ways. Its innovations promise to bring benefits by decreasing costs and increasing choices for intermediaries and customers. At the same time, and among other things, the breakdown of important exchanges and lawsuits against prominent figures illustrate potential challenges for investors, financial stability, and monetary sovereignty. How does the EU naviga…
Political party competition and varieties of US economic nationalism: Trade wars, industrial policy and EU-US relations
This article identifies two distinct varieties of economic nationalism in the United States that have strong and lasting implications for transatlantic trade relations and traces their origins to how the two major parties use narratives to form competitive coalitions including trade critics since 2020. The Republican Party links trade critics with culture war supporters, allowing them to enhance their collective impact on domestic and foreign pol…
Banking Nationalism and Resolution in Italy and Spain
This article contributes to the comparative literatures on varieties of financial capitalism, economic nationalism and bank resolution with a focus on Spain and Italy's management of bank insolvency and resolution between 2008 and 2018. Both countries' alternative banks faced enormous challenges through prolonged economic decline and declining loan repayments, both turned to depositors to become investors in lieu of attracting arm's-length invest…
Semiconductor and ICT Industrial Policy in the US and EU: Geopolitical Threat Responses
This article analyses chips and critical ICT infrastructure policy in the US and the EU. It examines the increasing importance of Waltian geopolitical security threats on both sides of the Atlantic as a driver of industrial policy, export controls, self-sufficiency, and friendshoring as a replacement for dependence on global supply chains. It shows that threat perceptions are strong and bipartisan in the US, allowing comprehensive, strategic and …
Clocks, Caps, Compartments, and Carve‐Outs: Creating Federal Fiscal Capacity Despite Strong Veto Powers
This article examines four mechanisms for establishing federal spending programmes despite tough opposition based on identity or ideological politics, as well as disputes between haves and have-nots. It contrasts the use of clocks (time limits), caps, compartments (special justification for spending that would otherwise have been rejected), and carve-outs (exemptions to federal spending programmes to buy off objecting veto players) to secure poli…
Bank supervision between risk reduction and economic renewal
This paper investigates specific challenges of Covid for balancing economic growth and financial stability as they apply to paradigms, programmes and policies of bank regulation and supervision at the European Commission and European Central Bank. It finds that dominant paradigms of risk reduction and control remained intact, despite a temporary programme of regulatory relaxation to spur credit growth. The ECB and the Commission were united on st…
Post-Brexit financial services in the EU
This paper uses a modified battle of the systems approach and to explain the extent and location of financial services migration from London to the EU. It shows that the European Central Bank and European Commission pressured UK-based financial services to migrate to the EU by 2022, that companies migrated to EU cities most suited to their business models, with the critical exception of clearing services. Frankfurt’s strategy of building a single…
German Politics and Intergovernmental Negotiations on the Eurozone Budget
This article examines selected political party positions on a Eurozone budget and fiscal transfers between 2018 and 2021. It posits that German government positions on common European debt and fiscal policy have undergone a significant but fragile shift. It must contend with continued domestic hostility before it can be said to be a lasting realignment. A great deal with depend less on the Social Democratic Party that is largely responsible for b…
Failing outward: Power Politics, Regime Complexity, and Failing Forward Under Deadlock
Failing forward describes an endogenous cycle of EU institution-building through lowest-common denominator breakthroughs in Council. This article adds a dynamic called failing outward, in which a powerful country steers EU law and policy from outside the EU. Where strong Council deadlocks persist during crises, and a powerful state possesses a critical, excludable resource, it will make access conditional on EU rules and institutions that reflect…
Bending and Breaking the Single Resolution Mechanism: The Case of Italy
This article examines the political economy and law of bank resolution in the case of Italy – specifically, its treatment of three failing banks – the Monte dei Paschi, Veneto and Vicenza banks – which were resolved in 2016–17. These three cases stand out for the relatively large degree of discretion exercised by the national resolution and state aid authorities, ultimately with the permission of their European counterparts. This article examines…
Banking union and the future of alternative banks: Revival, Stagnation or Decline
Banking union challenges the institutional mechanisms that alternative banks use to retain their status, goals, identity and carry out their operations. Yet the impact of banking union on them varies considerably and systematically: those alternative banks that held most closely to the traditional model fared best in the recent financial crises and have been impacted the least by banking union. In contrast, those banks that strayed from the tradi…
Power Politics and the Undersupply of Financial Stability in Europe
This article analyses the politics of banking and fiscal union in the EU in the context of continued threats to financial stability in Europe. Contrasting the expectations of functional responses and power politics, it finds that the behavior of the states and the outcome of negotiations most closely resembles contemporary realist expectations. Minimal supranationalism takes place to prevent complete collapse, but the main development is that fin…
The Public Interest and the Economy in Europe in the Wake of the Financial Crisis
The financial crisis increased the importance of the member states at the expense of European Union (EU) rules on the single market and Economic and Monetary Union. The commission allowed exceptions that could become lasting if the economic downturn persists. At the same time, the EU has supported stronger financial market regulation, but not in corporate governance, where the member states retain reserved powers. The EU only gets and keeps insti…
The International Accounting Standards Board
Explaining EMU Reform
This article develops a model to explain the roles of national governments in the reform process of rules for economic and monetary union (EMU) in Europe. A study of Germany, France and Spain underlines the importance of electoral politics and institutional arrangements in producing distinctive policy triangles on domestic economic and budget policy, and subsequent demands for specific EMU rules. It employs budget policy analysis to illustrate th…
Public interest politics, corporate governance and company regulation in Germany and Britain
This article introduces a systematic framework for evaluating the impact of public interest issues on companies through regulation and mandatory corporate governance requirements that change the nature of the firm. It finds that public interest issues that apply to the firm are becoming more important in both Britain and Germany, despite their disparate historical patterns of dealing with the company. European integration and national politics ar…
Power Politics and the Undersupply of Financial Stability in Europe
This article analyses the politics of banking and fiscal union in the EU in the context of continued threats to financial stability in Europe. Contrasting the expectations of functional responses and power politics, it finds that the behavior of the states and the outcome of negotiations most closely resembles contemporary realist expectations. Minimal supranationalism takes place to prevent complete collapse, but the main development is that fin…
Failing outward: Power Politics, Regime Complexity, and Failing Forward Under Deadlock
Failing forward describes an endogenous cycle of EU institution-building through lowest-common denominator breakthroughs in Council. This article adds a dynamic called failing outward, in which a powerful country steers EU law and policy from outside the EU. Where strong Council deadlocks persist during crises, and a powerful state possesses a critical, excludable resource, it will make access conditional on EU rules and institutions that reflect…
Digital sovereignty as control: The regulation of digital finance in the European Union
Crypto-finance is becoming increasingly popular, but the area is still unregulated in many ways. Its innovations promise to bring benefits by decreasing costs and increasing choices for intermediaries and customers. At the same time, and among other things, the breakdown of important exchanges and lawsuits against prominent figures illustrate potential challenges for investors, financial stability, and monetary sovereignty. How does the EU naviga…
Bending and Breaking the Single Resolution Mechanism: The Case of Italy
This article examines the political economy and law of bank resolution in the case of Italy – specifically, its treatment of three failing banks – the Monte dei Paschi, Veneto and Vicenza banks – which were resolved in 2016–17. These three cases stand out for the relatively large degree of discretion exercised by the national resolution and state aid authorities, ultimately with the permission of their European counterparts. This article examines…
Political party competition and varieties of US economic nationalism: Trade wars, industrial policy and EU-US relations
This article identifies two distinct varieties of economic nationalism in the United States that have strong and lasting implications for transatlantic trade relations and traces their origins to how the two major parties use narratives to form competitive coalitions including trade critics since 2020. The Republican Party links trade critics with culture war supporters, allowing them to enhance their collective impact on domestic and foreign pol…
Banking union and the future of alternative banks: Revival, Stagnation or Decline
Banking union challenges the institutional mechanisms that alternative banks use to retain their status, goals, identity and carry out their operations. Yet the impact of banking union on them varies considerably and systematically: those alternative banks that held most closely to the traditional model fared best in the recent financial crises and have been impacted the least by banking union. In contrast, those banks that strayed from the tradi…
The International Accounting Standards Board
Semiconductor and ICT Industrial Policy in the US and EU: Geopolitical Threat Responses
This article analyses chips and critical ICT infrastructure policy in the US and the EU. It examines the increasing importance of Waltian geopolitical security threats on both sides of the Atlantic as a driver of industrial policy, export controls, self-sufficiency, and friendshoring as a replacement for dependence on global supply chains. It shows that threat perceptions are strong and bipartisan in the US, allowing comprehensive, strategic and …
Post-Brexit financial services in the EU
This paper uses a modified battle of the systems approach and to explain the extent and location of financial services migration from London to the EU. It shows that the European Central Bank and European Commission pressured UK-based financial services to migrate to the EU by 2022, that companies migrated to EU cities most suited to their business models, with the critical exception of clearing services. Frankfurt’s strategy of building a single…
German Politics and Intergovernmental Negotiations on the Eurozone Budget
This article examines selected political party positions on a Eurozone budget and fiscal transfers between 2018 and 2021. It posits that German government positions on common European debt and fiscal policy have undergone a significant but fragile shift. It must contend with continued domestic hostility before it can be said to be a lasting realignment. A great deal with depend less on the Social Democratic Party that is largely responsible for b…
The Public Interest and the Economy in Europe in the Wake of the Financial Crisis
The financial crisis increased the importance of the member states at the expense of European Union (EU) rules on the single market and Economic and Monetary Union. The commission allowed exceptions that could become lasting if the economic downturn persists. At the same time, the EU has supported stronger financial market regulation, but not in corporate governance, where the member states retain reserved powers. The EU only gets and keeps insti…
Explaining EMU Reform
This article develops a model to explain the roles of national governments in the reform process of rules for economic and monetary union (EMU) in Europe. A study of Germany, France and Spain underlines the importance of electoral politics and institutional arrangements in producing distinctive policy triangles on domestic economic and budget policy, and subsequent demands for specific EMU rules. It employs budget policy analysis to illustrate th…
Policy‐Maker of Last Resort? Drivers of Discretion at the European Central Bank
Under what conditions does the ECB become the policy-maker of last resort? This article surveys five incidences in which the ECB created its own rules or exercised discretion beyond the effective control of political principals. ECB rule-making took place where the Bank had an initial legal mandate to be present in the policy space, where it could exploit unique institutional interfaces with the banking community and Economic and Monetary Union s…
Banking Nationalism and Resolution in Italy and Spain
This article contributes to the comparative literatures on varieties of financial capitalism, economic nationalism and bank resolution with a focus on Spain and Italy's management of bank insolvency and resolution between 2008 and 2018. Both countries' alternative banks faced enormous challenges through prolonged economic decline and declining loan repayments, both turned to depositors to become investors in lieu of attracting arm's-length invest…
Bank supervision between risk reduction and economic renewal
This paper investigates specific challenges of Covid for balancing economic growth and financial stability as they apply to paradigms, programmes and policies of bank regulation and supervision at the European Commission and European Central Bank. It finds that dominant paradigms of risk reduction and control remained intact, despite a temporary programme of regulatory relaxation to spur credit growth. The ECB and the Commission were united on st…
Public interest politics, corporate governance and company regulation in Germany and Britain
This article introduces a systematic framework for evaluating the impact of public interest issues on companies through regulation and mandatory corporate governance requirements that change the nature of the firm. It finds that public interest issues that apply to the firm are becoming more important in both Britain and Germany, despite their disparate historical patterns of dealing with the company. European integration and national politics ar…
Public interest politics, corporate governance and company regulation in Germany and Britain
This article introduces a systematic framework for evaluating the impact of public interest issues on companies through regulation and mandatory corporate governance requirements that change the nature of the firm. It finds that public interest issues that apply to the firm are becoming more important in both Britain and Germany, despite their disparate historical patterns of dealing with the company. European integration and national politics ar…
Explaining EMU Reform
This article develops a model to explain the roles of national governments in the reform process of rules for economic and monetary union (EMU) in Europe. A study of Germany, France and Spain underlines the importance of electoral politics and institutional arrangements in producing distinctive policy triangles on domestic economic and budget policy, and subsequent demands for specific EMU rules. It employs budget policy analysis to illustrate th…
The International Accounting Standards Board
The Public Interest and the Economy in Europe in the Wake of the Financial Crisis
The financial crisis increased the importance of the member states at the expense of European Union (EU) rules on the single market and Economic and Monetary Union. The commission allowed exceptions that could become lasting if the economic downturn persists. At the same time, the EU has supported stronger financial market regulation, but not in corporate governance, where the member states retain reserved powers. The EU only gets and keeps insti…
Power Politics and the Undersupply of Financial Stability in Europe
This article analyses the politics of banking and fiscal union in the EU in the context of continued threats to financial stability in Europe. Contrasting the expectations of functional responses and power politics, it finds that the behavior of the states and the outcome of negotiations most closely resembles contemporary realist expectations. Minimal supranationalism takes place to prevent complete collapse, but the main development is that fin…
Banking union and the future of alternative banks: Revival, Stagnation or Decline
Banking union challenges the institutional mechanisms that alternative banks use to retain their status, goals, identity and carry out their operations. Yet the impact of banking union on them varies considerably and systematically: those alternative banks that held most closely to the traditional model fared best in the recent financial crises and have been impacted the least by banking union. In contrast, those banks that strayed from the tradi…
Bending and Breaking the Single Resolution Mechanism: The Case of Italy
This article examines the political economy and law of bank resolution in the case of Italy – specifically, its treatment of three failing banks – the Monte dei Paschi, Veneto and Vicenza banks – which were resolved in 2016–17. These three cases stand out for the relatively large degree of discretion exercised by the national resolution and state aid authorities, ultimately with the permission of their European counterparts. This article examines…
German Politics and Intergovernmental Negotiations on the Eurozone Budget
This article examines selected political party positions on a Eurozone budget and fiscal transfers between 2018 and 2021. It posits that German government positions on common European debt and fiscal policy have undergone a significant but fragile shift. It must contend with continued domestic hostility before it can be said to be a lasting realignment. A great deal with depend less on the Social Democratic Party that is largely responsible for b…
Failing outward: Power Politics, Regime Complexity, and Failing Forward Under Deadlock
Failing forward describes an endogenous cycle of EU institution-building through lowest-common denominator breakthroughs in Council. This article adds a dynamic called failing outward, in which a powerful country steers EU law and policy from outside the EU. Where strong Council deadlocks persist during crises, and a powerful state possesses a critical, excludable resource, it will make access conditional on EU rules and institutions that reflect…
Semiconductor and ICT Industrial Policy in the US and EU: Geopolitical Threat Responses
This article analyses chips and critical ICT infrastructure policy in the US and the EU. It examines the increasing importance of Waltian geopolitical security threats on both sides of the Atlantic as a driver of industrial policy, export controls, self-sufficiency, and friendshoring as a replacement for dependence on global supply chains. It shows that threat perceptions are strong and bipartisan in the US, allowing comprehensive, strategic and …
Clocks, Caps, Compartments, and Carve‐Outs: Creating Federal Fiscal Capacity Despite Strong Veto Powers
This article examines four mechanisms for establishing federal spending programmes despite tough opposition based on identity or ideological politics, as well as disputes between haves and have-nots. It contrasts the use of clocks (time limits), caps, compartments (special justification for spending that would otherwise have been rejected), and carve-outs (exemptions to federal spending programmes to buy off objecting veto players) to secure poli…
Bank supervision between risk reduction and economic renewal
This paper investigates specific challenges of Covid for balancing economic growth and financial stability as they apply to paradigms, programmes and policies of bank regulation and supervision at the European Commission and European Central Bank. It finds that dominant paradigms of risk reduction and control remained intact, despite a temporary programme of regulatory relaxation to spur credit growth. The ECB and the Commission were united on st…
Post-Brexit financial services in the EU
This paper uses a modified battle of the systems approach and to explain the extent and location of financial services migration from London to the EU. It shows that the European Central Bank and European Commission pressured UK-based financial services to migrate to the EU by 2022, that companies migrated to EU cities most suited to their business models, with the critical exception of clearing services. Frankfurt’s strategy of building a single…
Policy‐Maker of Last Resort? Drivers of Discretion at the European Central Bank
Under what conditions does the ECB become the policy-maker of last resort? This article surveys five incidences in which the ECB created its own rules or exercised discretion beyond the effective control of political principals. ECB rule-making took place where the Bank had an initial legal mandate to be present in the policy space, where it could exploit unique institutional interfaces with the banking community and Economic and Monetary Union s…
Digital sovereignty as control: The regulation of digital finance in the European Union
Crypto-finance is becoming increasingly popular, but the area is still unregulated in many ways. Its innovations promise to bring benefits by decreasing costs and increasing choices for intermediaries and customers. At the same time, and among other things, the breakdown of important exchanges and lawsuits against prominent figures illustrate potential challenges for investors, financial stability, and monetary sovereignty. How does the EU naviga…
Political party competition and varieties of US economic nationalism: Trade wars, industrial policy and EU-US relations
This article identifies two distinct varieties of economic nationalism in the United States that have strong and lasting implications for transatlantic trade relations and traces their origins to how the two major parties use narratives to form competitive coalitions including trade critics since 2020. The Republican Party links trade critics with culture war supporters, allowing them to enhance their collective impact on domestic and foreign pol…
Banking Nationalism and Resolution in Italy and Spain
This article contributes to the comparative literatures on varieties of financial capitalism, economic nationalism and bank resolution with a focus on Spain and Italy's management of bank insolvency and resolution between 2008 and 2018. Both countries' alternative banks faced enormous challenges through prolonged economic decline and declining loan repayments, both turned to depositors to become investors in lieu of attracting arm's-length invest…
Remaking European Political Economies
Economics (17 works) · Political science (14 works) · Law (13 works) · Law (13 works) · Politics (12 works) · European union (10 works) · Global Financial Regulation and Crises (10 works) · Business (9 works) · Finance (9 works) · Financial system (8 works)