Centrifugal forces in a hegemonic environment
The rise of small-state coalitions in the Economic and Monetary Union
Bibliographic Data
| ID | 6260873 |
|---|---|
| Authors | Magnus G Schoeller (0000-0002-5826-0900, University of Vienna, corresponding author) |
| Year | 2022 |
| Volume | 14 |
| Issue | 1 |
| Pages | 1-17 |
| Publication date | 2022-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Political Science Review (JOURNAL) |
| Journal identifiers | ISSN: 1755-7739 • E-ISSN: 1755-7747 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s1755773921000254 |
| OpenAlex | W3189399823 |
| Language | EN |
| Citations received | 8 |
| References cited | 40 |
A hegemonic power can guarantee thestatus quoin an international economic system. However, domestic or international changes may unsettle a hegemon’s priorities. In such phases, smaller states benefiting from the existing system may fear that the hegemon will fail to keep the system stable. How do they react if they lose trust in the hegemon’s ability or will to maintain thestatus quo? This article argues that in such cases, free riding becomes less rewarding. Therefore, smaller states build publicly visible coalitions to ‘voice’ their preferences. Applying this argument to the role of small ‘creditor states’ in the Economic and Monetary Union (EMU), the article draws on original in-depth interviews to analyze the ‘New Hanseatic League’ as a strategy to defend the present euro regime and counterbalance the Franco–German tandem. By elaborating and tracing a fine-grained causal mechanism, the article thus explains the emergence of vocal small-state coalitions in a hegemonic environment
Argument (complex analysis · Economic system · Economics · Hegemony · Market economy · Political economy · Political science · Power (physics · State (computer science · Status quo · European and International Law Studies · European Union Policy and Governance · Law · Social Policy and Reform Studies
EU transnational coalitions in polycrisis
Continuity or change? Domestic ratifications of the European Financial Stability Facility and the Own Resources Decision
Beyond the North–South divide
Small state as order-maker
From NGEU to REPowerEU
The letter and the bond
Managing constraint
Visegrad four as an institution in times of EU crises
Process-Tracing Methods
The Logic of Regional Integration
The Political Economy of International Relations
The Political Economy of Monetary Solidarity
Small States in World Markets
After Hegemony
War and Change in World Politics
The Oxford Handbook of Political Methodology
New Alliances in Post-Brexit Europe
Hegemonic leadership is what states make of it
Revisiting the fallacies in Hegemonic Stability Theory in light of the 2007–2008 crisis
Dwarfs in international negotiations
Beyond soft balancing
Championing the ‘German model’? Germany’s consistent preferences on the integration of fiscal constraints
The Three Faces of German Leadership
The Big Influence of Small Allies
The myth of German hegemony in the euro area revisited
When Is It Rational to Learn the Wrong Lessons? Technocratic Authority, Social Learning, and Euro Fragility
Powerful rules governing the euro
Preventing the eurozone budget
Liberal intergovernmentalism and the euro area crisis
The Religious Foundations of the European Crisis
Preferences and Power in the European Community
Political conflict in the reform of the Eurozone
Lean, Special, or Consensual? Vulnerability and External Buffering in the Small States of East-Central Europe
Understanding the Political Economy of the Eurozone Crisis
Leadership, Hegemony, and the International Economy
Dominance and Leadership in the International Economy
The limits of hegemonic stability theory
Lilliputians' Dilemmas
The Greatest of the Small? The Netherlands, the New Hanseatic League and the Frugal Four
| Unique citing works | 8 |
|---|---|
| Citations per year | 4 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |