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Federalism and European Union – A Political Economy Perspective - Oxford Scholarship Online
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Federalism and European Union: A Political Economy Perspective

David McKay


This book examines the decision to adopt European Monetary Union (EMU) as a federal bargain by the European Union, designed to provide the countries of Europe with a bulwark against the volatility of the international economy. Although the precise motives of the participants varied from country to country, all were agreed that only federal-like political and economic arrangements would provide a guarantee of economic and political stability. The book provides a coherent theoretical framework for understanding the decisions taken at Maastricht and later. By making comparisons with other federat ... More

Keywords: European Monetary Union, European Union, international economy, economic stability, political stability, Maastricht, federations, fiscal policies, spending policies

Bibliographic Information

Print publication date: 1999 Print ISBN-13: 9780198296775
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780198296775.001.0001


Affiliations are at time of print publication.

David McKay, author
University of Essex
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