The sources of policy dynamics
Variations in German and French policy towards European monetary co‐operation
Bibliographic Data
| ID | 8041898 |
|---|---|
| Authors | Karl Kaltenthaler (0000-0002-1171-7520, Rhodes College, corresponding author) |
| Year | 1997 |
| Volume | 20 |
| Issue | 3 |
| Pages | 91-110 |
| Publication date | 1997-07-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | West European Politics (JOURNAL) |
| Journal identifiers | ISSN: 0140-2382 • E-ISSN: 1743-9655 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/01402389708425206 |
| OpenAlex | W2084737872 |
| Language | EN |
| References cited | 10 |
When the patterns of French and German policies towards European monetary co‐operation are explored closely, one finds that French policy is characterised by a great deal of continuity, whereas German policy exhibits relative discontinuity. This article seeks to find the internal causes of these two countries’ policy dynamics in three cases of European monetary co‐operation: the creation of the European Monetary System (EMS), the European Monetary Union design negotiations and the 1993 transformation of the EMS. This article develops a model of how the institutions of the policy‐making process can play an important role in determining the type of policy dynamics one can expect to see. It argues that because the French policy‐making process regarding international monetary institutions is controlled by a few decision makers, that policy is prone to consistency. German monetary policy making is influenced by several state and societal organisations which contributes to its dynamic nature. This hypothesis is assessed by exploring how the institutions of policy making shaped the policy‐making processes in the three cases of European monetary co‐operation
Economics · European Monetary System · European union · German · International economics · Macroeconomics · Monetary hegemony · Monetary policy · Negotiation · Political science · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · Law · Political Influence and Corporate Strategies
The making of the European monetary system
Institutions and Social Conflict
Governing the economy
Institutions, Institutional Change and Economic Performance
Currencies and Politics in the United States, Germany, and Japan
The Economics of Monetary Integration
Currencies and Politics in the United States, Germany, and Japan
| Citation velocity | historical |
|---|---|
| Highly cited | No |