Archive année 2020-2021 Economie internationale : Economie et poli ...

The purpose of this lecture is the European economic integration from the treaty of Rome to the contemporary eurozone crisis. The theoretical approach intertwines an institutional political economy of the European integration and the literature on the diversity of capitalisms. 

The lecture begins with an historical perspective on the European integration since 1950, which aims to explain the political economy of the Treaty of Rome (1957) and of the Single Market (1986) as well as the functioning of the EU institutions. Chapter 2 is devoted to the Treaty of Maastricht (1992), that is to the Economic and Monetary Union (EMU).  The chapter 3 deals with the resulting institutional framework for the monetary policy and national fiscal policy. The aim of the chapter 4 is to highlight the economic roots of the Eurozone crisis thanks to a comparative political economy perspective on the growing divergences between national economies, which are at the origin of the twin crises (banks and sovereign debts). Finally, the last chapter explains the main responses to the crisis.

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