This page presents the latest updates about the work-in-progress of the EURECON team, its publications and presentations.
in Journal of Economic Policy Reform, n°3, vol. 23, 2020, pp.273-289
Abstract – This article explores the development of all new EEC institutions between 1957 and 1992 within policy areas relevant to the possible development of a European single currency. It argues that if most institutions created pre-1992 were not crisis management institutions as would be the case post-2008, some important institutions were created in response to the perception of a structural international banking/political/economic crisis, particularly in the 1970s. This comparison in time underlines the continuity of reflections about the missing elements of a functioning single currency area, the obstacles to reform, and sheds light on the radical institutional changes that occurred post-2008.
in Enterprise & Society, n°3, vol. 21, 2020, pp.768-798
Abstract – More than ten years after the financial crisis, the challenges of European banking and of the eurozone highlight that the existence of a European common market in banking is at best partial. Examining how British and French commercial banks and banking associations responded to the plans for a European common market in banking between 1977 and 1992, this article contributes to explaining this partial character, and highlights that this project was primarily political. This challenges the widely held view that large companies tended to push for more integration. This article shows that until the mid-1980s, the banking sector was not necessarily calling for European financial integration in the form of a common market in banking for at least three reasons: they doubted the usefulness of such a move, they feared an increase in regulation, and they focused more on domestic or global matters than on European ones.
Alexis Drach, From Gentlemanly Capitalism to Lobbying Capitalism: the City and the EEC, 1972-1992
Accepted for publication, forthcoming in the Financial History Review
Alexis Drach, Removing obstacles to integration: the European way to deregulation, in Alexis Drach and Youssef Cassis (eds), Financial Deregulation: A Historical Perspective, Oxford University Press, forthcoming
Emmanuel Mourlon-Druol, History of an Incomplete EMU, In: Amtenbrink, F. and Herrmann, C. (eds.) EU Law of Economic and Monetary Union.Oxford University Press, 2020
Emmanuel Mourlon-Druol, European monetary integration, In: Battilossi, S., Cassis, Y. and Yago, K. (eds.) Handbook of the History of Money and Currency. Springer: Singapore, 2020
Emmanuel Mourlon-Druol, Debates about economic adjustment in Europe before the Euro. In: Gosh, A. R. and Qureshi, M. S. (eds.) From Great Depression to Great Recession: The Elusive Quest for International Policy Cooperation. International Monetary Fund: Washington, DC., 2017
Aurélie Andry, La battaglia dimenticata per un’Europa sociale. Zapruder, 51, pp. 54-72.