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  • © 2022

Policy Learning and the Euro

The EU’s Responses to the Sovereign Debt Crisis

Palgrave Macmillan
  • Provides a unique account of how and what EU decision makers learned during the sovereign debt crisis

  • Explains how a novel causal mechanism, contingent learning, led EU decision makers to save the euro in 2010

  • Offers a new account of the rise of the austerity paradigm by analyzing the scientific production of EU epistemic agents

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  • ISBN: 978-3-031-04264-5
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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xix
  2. Research Design

    • Jonathan C. Kamkhaji
    Pages 25-38
  3. Introducing the Beast: A Primer on the Euro Crisis

    • Jonathan C. Kamkhaji
    Pages 39-68
  4. How Contingent Learning Saved EMU in 2010

    • Jonathan C. Kamkhaji
    Pages 69-97
  5. Conclusions: Integration Through Crisis and Learning

    • Jonathan C. Kamkhaji
    Pages 155-172
  6. Back Matter

    Pages 173-184

About this book


“Finally, a book that asks the core forward-looking question overlooked in most analyses of the crises the EU has faced over the past decade: who learned what lesson, and to what effect? Using the case of the Eurozone crisis, the answers Kamkhaji provides are a crucial read for everyone interested in the process of European integration, crisis management and policy-making in general.” —Femke van Esch, Professor of European Governance and Leadership of the EU, Utrecht University, the Netherlands. 

This book analyzes the EU’s responses to the sovereign debt crisis that hit the Economic and Monetary Union (EMU) in 2010. After reviewing the events that led to the crisis, it examines two case studies. The first assesses the short-term policy changes by drawing on a new mechanism, contingent learning. The second case study revolves around the long-term EMU reforms passed during the period 2010-2013. More specifically, it assesses these responses in relation to the institutional scientific publications of the European Central Bank and the DG ECFIN of the Commission. By analyzing both the short and long-term responses to the sovereign debt crisis, the book elucidates how policy learning can be an effective engine for deeper European integration. It will be of interest to scholars and students of EU integration, the EMU, policy learning, and supranational bureaucracies. 

Jonathan C. Kamkhaji is a Post-Doctoral Researcher at the Department of Management, Economics and Industrial Engineering, Politecnico Milano, Italy. His research interests include European integration, public policy, and regulatory governance. He previously worked as a consultant for the World Bank, and has published research in the Journal of European Public Policy, Regulation & Governance, and Policy Studies Journal

Keywords

  • European politics
  • policy learning
  • political economy
  • fiscal policy
  • European integration
  • international bureaucracy

Reviews

“Finally, a book that asks the core forward-looking question overlooked in most analyses of the crises the EU has faced over the past decade: who learned what lesson, and to what effect? Using the case of the Eurozone crisis, the answers Kamkhaji provides are a crucial read for everyone interested in the process of European integration, crisis management and policy-making in general.” 
— Femke van Esch, Professor of European Governance and Leadership of the EU, Utrecht University, the Netherlands. 

Authors and Affiliations

  • Department of Management, Economics and Industrial Engineering, Polytechnic University of Milan, Milan, Italy

    Jonathan C. Kamkhaji

About the author

Jonathan C. Kamkhaji is a Post-Doctoral Researcher at the Department of Management, Economics and Industrial Engineering, Politecnico Milano, Italy. His research interests include European integration, public policy, and regulatory governance. He previously worked as a consultant for the World Bank, and has published research in the Journal of European Public PolicyRegulation & Governance, and Policy Studies Journal

Bibliographic Information

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • ISBN: 978-3-031-04264-5
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Hardcover Book USD 49.99
Price excludes VAT (USA)