The 'British Plan' as a pace-setter: The europeanization of banking rescue plans in the EU?

Lucia Quaglia

doi:10.1111/j.1468-5965.2009.02035.x

The 'British Plan' as a pace-setter: The europeanization of banking rescue plans in the EU?

Lucia Quaglia^*

^*Corresponding author for this work

Politics

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

Abstract

This article examines to what extent the British banking rescue plan announced in late 2008 set the pace for the adoption of similar banking rescue plans across the European Union. This case study can be seen a 'horizontal' type of Europeanization, whereby a (perceived successful) policy template adopted in one country is subsequently implicitly endorsed (hence, 'uploaded') at the EU level and then adopted (hence, 'downloaded') in other countries, albeit with considerable national variations. The two main caveats are that the British plan was not particularly innovative - it provided a functional solution to the problem at hand - and the adoption of similar measures across Europe was politically feasible because this did not envisage any substantial EU-level intervention as it proposed parallel national solutions to a common problem.

Original language	English
Pages (from-to)	1063-1083
Number of pages	21
Journal	JCMS-JOURNAL OF COMMON MARKET STUDIES
Volume	47
Issue number	5
DOIs	https://doi.org/10.1111/j.1468-5965.2009.02035.x
Publication status	Published - 31 Dec 2009

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The 'British Plan' as a pace-setter: The europeanization of banking rescue plans in the EU?

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