Political science and the 'Cinderellas' of economic and monetary union: Payment services and clearing and settlement

Lucia Quaglia

doi:10.1080/13501760902872759

Political science and the 'Cinderellas' of economic and monetary union: Payment services and clearing and settlement

Lucia Quaglia^*

^*Corresponding author for this work

Politics

Research output: Contribution to journal › Article › peer-review

Abstract

So far, political scientists have paid very limited attention to the 'plumbing' of economic and monetary union (EMU), that is payment services and the clearing and settlement of securities. This paper evaluates the analytical leverage of 'bureaucratic politics' approaches - in particular, the 'bureau shaping' theory - against the empirical record of a variety of policy initiatives taking place in the two fields mentioned above. It is argued that an adapted version of the theory of bureaucracy sheds novel light on to the policy process and the bureaucracies involved in it, namely the Commission and the European Central Bank. This research also highlights the politics involved in these seemingly 'technical' activities.

Original language	English
Pages (from-to)	623-639
Number of pages	17
Journal	Journal of European Public Policy
Volume	16
Issue number	4
DOIs	https://doi.org/10.1080/13501760902872759
Publication status	Published - 1 Jun 2009

Keywords

Bureaucratic politics
Clearing and settlement
Economic and monetary union
Payment
Post trading

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10.1080/13501760902872759

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Political science and the 'Cinderellas' of economic and monetary union: Payment services and clearing and settlement

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Keywords

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