Shocks and Time
The Development of the European Financial Assistance Regime
Bibliographic Data
| ID | 7877484 |
|---|---|
| Authors | Moritz Rehm (0000-0002-3487-4422, Department of Social Science University of Luxembourg Esch‐sur‐Alzette Luxembourg, corresponding author) |
| Year | 2022 |
| Volume | 60 |
| Issue | 6 |
| Pages | 1645-1662 |
| Publication date | 2022-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.13338 |
| OpenAlex | W4225371813 |
| Language | EN |
| Citations received | 11 |
| References cited | 26 |
This paper analyses the impact of economic crises on the development of European financial assistance. It demonstrates that crisis episodes that have taken place over the last five decades have significantly altered the design of European Union emergency support. This paper illustrates how solutions adopted in formative moments – including the 1973 oil shock, the Eurozone crisis, and the Covid‐19 pandemic – and their long‐term consequences led to the smorgasbord of instruments of the present financial assistance structure. By applying a historical institutionalist approach, combining insights from studies of critical junctures and gradual change, this contribution explains how economic shocks contributed to change in financial assistance, while also highlighting mechanisms that led to the continuation of specific elements of the assistance structure
Economic policy · Economics · European debt crisis · European integration · European union · Financial crisis · Macroeconomics · Political science · Shock (circulatory · Finance · Global Financial Crisis and Policies · Global Financial Regulation and Crises · State Capitalism and Financial Governance
The realisation of NextGenerationEU
Making markets
Italian party competition over the European Union’s financial response to Covid-19
Collective Policy Learning in EU Financial Assistance
The rise of common public debt in Europe
The Covid-19 pandemic and institutional change in the EU’s financial assistance regime
The EU’s Recovery and Resilience Facility
The EU’s recovery playbook
Institutional foundations of financial statecraft
Premier choc pétrolier et assistance financière européenne
Building a European Union ‘Treasury
The Euro and the Battle of Ideas
The Oxford Handbook of Historical Institutionalism
Critical junctures and institutional change
Institutional Layering
Tug of War over Financial Assistance
Preparedness, Crisis Management and Policy Change
The IMF as a de facto institution of the EU
Nein to ‘Transfer Union’
EU economic governance and Covid-19
The Legacies of Liberalism
The Failure of Austerity
The International Monetary Fund 1966-1971. The System Under Stress. Volume I
Failing forward in Economic and Monetary Union
A historical institutionalist explanation of the EU's responses to the euro area financial crisis
Historical-institutionalist perspectives on the development of the EU budget system
European integration and the crisis
Informative Regress
The Causal Logic of Critical Junctures
The Study of Critical Junctures
Path dependence in historical sociology
| Unique citing works | 11 |
|---|---|
| Citations per year | 3,67 |
| Citation span | 2023 - 2026 (4) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |