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Regulatory state building in fiscal surveillance: the U.S. and the EU contrasted

Schelkle, Waltraud. (2009) Regulatory state building in fiscal surveillance: the U.S. and the EU contrasted. In: UNSPECIFIED. (Submitted)

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    This contribution analyzes, first, how the EU regulatory state has expanded into fiscal surveillance and how this contrasts with the U.S., a contrast that is more subtle than is often acknowledged. The paper shows that the EU has a more developed ‘fourth branch of government’ in budgetary policies than the U.S. where the notion of the regulatory state was first developed. The paper then looks into whether and, if so, how this can explain the different responses to the ongoing economic and financial crisis in Europe and in the United States. I conclude that member states in the EU allow more intrusive regulation of budgets because the EU is not a full-fledged competing government level. In the United States, by contrast, the balance of power in the federation would be completely upset by a federal government with its enormous budget if it were given strong rights of regulatory oversight as well. The conclusions address the critique that the EU regulatory state poses a threat to political sovereignty and social protection in member states.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > regulations/regulatory policies
    EU policies and themes > External relations > EU-US
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2009 (11th), April 23-25, 2009
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 26 Oct 2012 13:11
    Number of Pages: 29
    Last Modified: 26 Oct 2012 13:11

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