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The politics of IMF–EU cooperation: Institutional change from the Maastricht Treaty to the launch of the Euro

Broome, André (2013) The politics of IMF–EU cooperation: Institutional change from the Maastricht Treaty to the launch of the Euro. Journal of European Public Policy , 20. ISSN 1350-1763 (In Press)

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How do regional changes affect the process of global governance? This article addresses this question by examining how the International Monetary Fund (IMF) responded to the challenges presented by Economic and Monetary Union (EMU) between the signing of the Maastricht Treaty in 1992 and the launch of the euro in 1999. Based on primary research from the IMF Archives, the article illustrates how the IMF’s efforts to reconfigure its relationship with European institutions evolved gradually through a logic of incremental change, despite initial opposition from member states. The article concludes that bureaucratic actors within international organizations will take advantage of informal avenues for promoting a new agenda when this fits with shared conceptions of an organization’s mandate. The exercise of informal influence by advocates for change within an international organization can limit the options available to states in formal decisionmaking processes, even when these options cut across state preferences.

Type of Work:Article
Date:2013 (Publication)
School/Faculty:Colleges (2008 onwards) > College of Social Sciences
Department:Department of Political Science and International Studies
Subjects:JA Political science (General)
JZ International relations
Institution:University of Birmingham
Copyright Holders:Taylor and Francis
ID Code:1167
Refereed:YES
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