Bullettin n. 1/2011
June 2011
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • ALFIO CERAMI
    Social Mechanisms in the Establishment of the European Economic and Monetary Union
    in Politics & Policy , Volume 39, Issue 3 ,  2011 ,  345–372
    This article investigates the reasons, the transformative processes, and the social mechanisms involved in the establishment of the European Economic and Monetary Union (EMU). Contrary to commonly accepted theories used to explain institutional change, it argues that the establishment of the EMU has not simply been the product of historical paths, the rational choices of actors, or social construction of new economic ideas and preferences, but also it has been the product of self-fulfilling prophecies that have facilitated and accelerated the process of institutional change. This article also discusses the role of context-bounded rationality, embodied institutions, reflexivity, and double contingency.
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