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The burgeoning literature on informal governance has shed new light on the workings of international organizations and the hidden rules of the game. The common thrust of these studies is that informal governance is the result of an implicit agreement among states that, in order to sustain...
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According to Principal-Agent theory, states (the principal) delegate the implementation of a legalized agreement to an international organization (the agent). The conventional wisdom about states’ capacity to control international organizations is that differences among the member states...
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How legitimate are the EU's treaty revision procedures, that is, IGCs and the Convention? Since the rejection of the Constitutional Treaty the recurrence to intergovernmental procedures appears as one way out of the current dilemma. We argue instead that the Convention method is not to blame for...
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According to Principal-Agent theory, states (the principal) delegate the implementation of a legalized agreement to an international organization (the agent). The conventional wisdom about states' capacity to control international organizations is that differences among the member states impede...
Persistent link: https://www.econbiz.de/10015070699
This paper investigates the causes of, and reactions to, the Eurozone crisis, focusing in particular on the institutional foundations of the four Southern European Eurozone countries that have encountered an acute sovereign debt crisis. Applying the basic arguments featured in the Varieties of...
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