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The Politics of the Euro-ZoneStability or Breakdown?$
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Kenneth Dyson

Print publication date: 2000

Print ISBN-13: 9780199241651

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199241651.001.0001

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How the Euro‐Zone Operates: The Institutional Approach

How the Euro‐Zone Operates: The Institutional Approach

(p.125) 4. How the Euro‐Zone Operates: The Institutional Approach
The Politics of the Euro-Zone

Kenneth Dyson (Contributor Webpage)

Oxford University Press

This chapter offers a comparative assessment of three types of institutional approach (historical, sociological, rational‐choice) to how the Euro‐zone operates, outlining the strengths and limitations of each. It examines the differences between macro‐political (top‐down) and micro‐political (bottom‐up) perspectives, and discusses their varying predictions in respect of the Euro‐zone's long‐term stability. The analysis again supports the view that the Euro‐zone will require a Kantian political culture of multilateral action and collective interest and identity, if it is to flourish.

Keywords:   Euro‐zone, institutionalism, Kant

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