CEU eTD Collection (2012); Karagiorgi, Elena-Constantina: Explaining the European Fiscal Compact through the Theory of Gradual Institutional Change

CEU Electronic Theses and Dissertations, 2012
Author Karagiorgi, Elena-Constantina
Title Explaining the European Fiscal Compact through the Theory of Gradual Institutional Change
Summary This research aims at examining whether the theory of gradual institutional change can be applied in the context of European economic governance, and particularly in the case of the Fiscal Compact. It firstly delineates the theoretical framework of new institutionalism from which the theory of gradual institutional change derives and then elaborates on the theory’s main assumptions. It continues by portraying the general framework of European economic governance in order to test whether the theory’s main assumptions are traceable within this context. Subsequently, it analyzes the Fiscal Compact with regards to the revised Stability and Growth Pact so as to unfold the introduced changes, and hence identify the type of institutional change. This research shows that the theory of gradual institutional change can be applied in this context and demonstrates that the Fiscal Compact is a case of layering. Hence, it provides an explanation of its creation and further enables predictions regarding the trends of European economic and monetary integration.
Supervisor Marie-Pierre Granger
Department Public Policy MA
Full texthttps://www.etd.ceu.edu/2012/karagiorgi_constantina-elena.pdf

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