Economic and Financial Governance in the European Union after a Decade of Economic and Political Crises
Introducing five papers about of the impact of crises on the governance, decision-making, and institutional design of the Euro Area, political scientists/economists Valerie D'Erman (University of Victoria, Canada), Paul Schure (University of Victoria, Canada) and Amy Verdun (Leiden University) summarise the 'lessons learned': (1) crises create consensus, especially when it comes to setting new objectives; (2) crises do not always show the path towards these new objectives, or the choice of institutional structure to accomplish these objectives; (3) in the EU, institutional change in times of crisis is inspired by institutional structures previously conceptualised or adopted.
- Valerie D'Erman, Paul Schure & Amy Verdun
- 30 June 2020
- › Journal of Economic Policy Reform