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Policy Change: An Eclectic Analysis Of The Establishment Of The European Banking Union

Jong, M. de (2019) Policy Change: An Eclectic Analysis Of The Establishment Of The European Banking Union.

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Abstract:The European Banking Union, currently consisting of the Single Supervisory Mechanism and the Single Resolution Mechanism, was one of the most important policy changes after the outbreak of the financial crisis in 2007 and the European sovereign debt crisis in 2009. The objective of this thesis is to analyze whether a framework consisting of three theories (Neofunctionalism, Historical Institutionalism, and Advocacy Coalition Framework) is able to explain this policy change. Its findings suggest that the role of the European institutions is rather limited in the decision-making process, that decisions taken in the past can restrict policymakers in developing new policies in the field of European banking regulation and supervision, and lastly, intermediate levels of conflict between coalitions lead to policy change, when the levels of conflict are high, then policy change becomes difficult.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics, 88 social and public administration, 89 political science
Programme:European Studies MSc (69303)
Link to this item:http://purl.utwente.nl/essays/79959
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