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"Rules, economics, and strategies: the process of European Financial Market integration"

Vipond, Peter A. (1993) "Rules, economics, and strategies: the process of European Financial Market integration". In: UNSPECIFIED, Washington, DC. (Unpublished)

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    Abstract

    [From the Introduction]. This paper reviews single market regulation, with particular reference to the financial sector and uses this as a foundation to consider the process whereby a European market is developing. Unlike much previous analysis which has emphasized the role of state interests (neo-realism) (Moravcsik) or the role of the Commission as part of an elite process (Sandholtz and Zysman), this paper argues that the strategic decisions of firms are of primary importance. This area has been relatively neglected. For example, in an otherwise comprehensive paper by Cornett and Caporaso (1992) the issue of strategy and market behaviour is expressly not considered as part of the review of neoclassical economics. It is the general contention of this paper that the analysis of the single market regulatory change, links onward the issue of company behaviour and that the latter is not reducible to dynamic equilibrium analysis. Both of theses issues in turn can be used to enhance our understanding of integration processes in the EC, particularly on the questions of market evolution, design and governance.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: Business firms.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1993 (3rd), May 27-29, 1993
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 28 May 2007
    Page Range: p. 22
    Last Modified: 15 Feb 2011 17:46
    URI: http://aei.pitt.edu/id/eprint/7126

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