1,548
Views
31
CrossRef citations to date
0
Altmetric
Original Articles

The IMF as a de facto institution of the EU: A multiple supervisor approach

REFERENCES

  • Arriazu, R., Crow, J. and Thygesen, N. (1999) External Evaluation of IMF Surveillance: Report by a Group of Independent Experts, Washington DC: International Monetary Fund.
  • Best, J. (2007) ‘Legitimacy dilemmas: the IMF's pursuit of country ownership’, Third World Quarterly, 28(3): 469–488.
  • Billiet, S., Hodson, D. and Maher, I. (2009) ‘The principal-agent approach to EU studies: Apply liberally but handle with care’, Comparative European Politics, 7(4): 409–413.
  • Bini Smaghi, L. B. (2004) ‘A single EU seat in the IMF?’, Journal of Common Market Studies, 42(2): 229–248.
  • Bird, G. and Willett, T. D. (2004) ‘IMF conditionality, implementation and the new political economy of ownership’, Comparative Economic Studies, 46(3): 423–450.
  • Boren, J. H., (1972) When in doubt, mumble: a bureaucrat's handbook, New York: Van Nostrand-Reinhold.
  • Boughton, J. M. (2001) Silent Revolution: The International Monetary Fund, 1979–89, Washington DC: International Monetary Fund.
  • Broome, A. (2013) ‘The politics of IMF–EU co-operation: institutional change from the Maastricht Treaty to the launch of the euro’, Journal of European Public Policy, 2(4): 89–605.
  • Brown, K., Oliver, C. and Johnston, T. (2010) ‘Asia sees double standards in IMF Greek rescue’, Financial Times, 30 April.
  • Broz, J. L. and Hawes, M. B. (2006) ‘US domestic politics and international monetary fund policy. Delegation and agency in international organizations’ in D. G. Hawkins, D. A. Lake, D. L. Nielson and M. J. Tierney (eds) Delegation and agency in international organizations, Cambridge: University Press, pp. 77–106.
  • Buiter, W. H. (2007) “Country ownership”: a term whose time has gone’, Development in practice, 17(4–5): 647–652.
  • Charter, D., Bremner, C. and Watson, R. (2010) ‘EU leaders on verge of a deal to rescue Greece and save the Euro’, The Times, 11 February.
  • Cohen, B. (2003) ‘Can the euro ever challenge the dollar?’, Journal of Common Market Studies, 41(4): 575–595.
  • Commission (2008) ‘Commission proposal for a Council Decision providing Community medium-term financial assistance for Hungary’, COM(2008) 716 final.
  • Commission (2009a) ‘Memorandum of Understanding between the European Community and the Republic of Latvia’. Full text available at: http://ec.europa.eu/economy_finance/eu_borrower/balance_of_payments/pdf/mou_bop_latvia_en.pdf.
  • Commission (2009b) ‘Supplemental Memorandum of Understanding between the European Community and the Republic of Latvia’ Full text available at: http://ec.europa.eu/economy_finance/eu_borrower/balance_of_payments/pdf/mou_add1_bop_latvia_en.pdf.
  • Commission (2009c) ‘Recommendation for a Council Recommendation to Ireland with a view to bringing to an end the situation of an excessive deficit’, SEC(2009) 568 final.
  • Commission (2010a) ‘Commission visit to Hungary for informal discussions’, IP/10/712.
  • Commission (2010b) ‘Recommendation for a Council Decision giving notice to Greece to take measures for the deficit reduction judged necessary in order to remedy the situation of excessive deficit’, SEC(2010) 93 final.
  • Commission (2013) “Two-Pack” enters into force, completing budgetary surveillance cycle and further improving economic governance for the euro area’, MEMO/13/457, Brussels: European Commission.
  • Copelovitch, M. S. (2010) ‘Master or servant? Common agency and the political economy of IMF lending’, International Studies Quarterly, 54(1): 49–77.
  • Crawford, M. (1983) ‘High Conditionality Lending: The United Kingdom’ in J. Williamson (ed.) IMF Conditionality, Washington DC: Institute for International Economics, pp. 421–439.
  • Darling, A. (2012) Back from the Brink: 1000 Days at Number 11, London: Atlantic Books.
  • de Schoutheete, P. (2012) ‘The European Council’ in J. Peterson and M. Shackleton (eds) The institutions of the European Union, Oxford: Oxford University Press, pp. 43–67.
  • Drazen, A. (2002) ‘Conditionality and Ownership in IMF Lending: A Political Economy Approach’, CEPR Discussion Paper No. 3562.
  • Elgie, R. (2002) ‘The politics of the European Central Bank: principal-agent theory and the democratic deficit’, Journal of European Public Policy, 9(2): 186–200.
  • EU Heads of State or Government (2010) ‘Statement by the Heads of State or Government of the European Union’, Brussels, 10 February.
  • Euro Area Heads of State or Government (2010) ‘Statement by the Heads of State of Government’, Brussels, 25 March.
  • Eurogroup (2011) ‘Statement by the Eurogroup’, Brussels: Council of Ministers of the European Union, 2 July.
  • Eurogroup (2012) ‘Eurogroup Statement on Greece’, 27 November 2012.
  • European Council (2010), ‘Conclusions’, Nr: EUCO 7/10, 25–26 March.
  • Francis, D.C. (2010) ‘Merkel praised in Germany for hard line on Greece debt crisis’, Christian Science Monitor, 26 March.
  • Giles, C., Barber, T. and Oakley, D. (2010) ‘IMF calls for eurozone reform’, Financial Times, May 11.
  • Gould, E. R. (2006) Money talks: The International Monetary Fund, conditionality and supplementary financiers, Stanford: Stanford University Press.
  • Goyal, R., Brooks, P. K., Pradhan, M., Tressel, T. and Dell’Ariccia, G. (2013) ‘A Banking Union for the Euro Area’, IMF Staff Discussion Note No. 13/01, Washington DC: International Monetary Fund.
  • Gros, D. (2003) A Stability Pact for Public Debt, Brussels: Centre for European Policy Studies.
  • Hawkins, D. G., Lake, D. A., Nielson, D. L. and Tierney, M. J. (2006) ‘Delegation under anarchy: states, international organizations, and principal-agent theory’ in D. G. Hawkins, D. A. Lake, D. L. Nielson and M. J. Tierney (eds) Delegation and agency in international organizations, Cambridge: University Press, pp. 3–38.
  • Hodson, D. (2011) Governing the Euro Area in Good Times and Bad, Oxford: Oxford University Press.
  • Hodson, D. (2013) ‘The Little Engine That Wouldn't: Supranational Entrepreneurship and the Barroso Commission’, Journal of European Integration, 35(3): 301–314.
  • IMF (2011) ‘Hungary: Ex Post Evaluation of Exceptional Access Under the 2008 Stand-By Arrangement’ IMF Country Report No. 11/145.
  • IMF (2012) ‘Annual Report of the Executive Board for the Financial Year Ended April 30, 2012’, Washington DC: IMF.
  • IMF (2013) ‘Greece: Ex Post Evaluation of Exceptional Access under the 2010 Stand-By Arrangement’, IMF Country Report No. 13/156.
  • Jørgensen, J.K. and Laatikainen, K.V. (eds) (2013) Routledge Handbook on Europe and International Institutions: Performance, Policy, Power, London: Routledge.
  • Khan, M. S., and Sharma, S. (2001) ‘IMF Conditionality and Country Ownership of ProgramsIMF Working Paper WP/02/142, Washington DC: International Monetary Fund.
  • Kofman, F. and Lawarree, J. (1996) ‘A prisoner's dilemma model of collusion deterrence’, Journal of Public Economics, 59(1): 117–136.
  • Kornelius, S. (2013) Angela Merkel: The Chancellor and her World, London: Alma Books.
  • Lawson, R.A. (1994) ‘Confusion and Conflict? Diverging Interpretations of the European Convention on Human Rights in Strasbourg and Luxembourg’ in R.A. Lawson and M. de Blois (eds) The Dynamics of the Protection of Human Rights in Europe – Essays in Honour of Professor Henry G. Schermers vol. III, Leiden: Martinus Nijhoff Publishers, pp. 219–252.
  • Lombardi, D. and Woods, N. (2008) ‘The politics of influence: An analysis of IMF surveillance’, Review of International Political Economy, 15(5): 711–739.
  • Lütz, S. and Kranke, M. (2014) ‘The European rescue of the Washington Consensus? EU and IMF lending to Central and Eastern European countries’, Review of International Political Economy, 21(2): 310–338.
  • Martin, L. L. (2006) ‘Distribution, information, and delegation to international organizations: The case of IMF conditionality’ in D. G. Hawkins, D. A. Lake, D. L. Nielson and M. J. Tierney (eds) Delegation and agency in international organizations, Cambridge: University Press, pp. 140–64.
  • McCubbins, M. D. and Schwartz, T. (1984) ‘Congressional oversight overlooked: Police patrols versus fire alarms’, American Journal of Political Science, 28(1): 165–179.
  • McNamara, K. R. and Meunier, S. (2002) ‘Between national sovereignty and international power: what external voice for the euro?’, International Affairs, 78(4): 849–868.
  • Ministry of Finance of the Republic of Latvia (2008) ‘Convergence Programme of the Republic of Latvia 2008–2011’. Full text available at: http://ec.europa.eu/economy_finance/economic_governance/sgp/pdf/20_scps/2009–10/01_programme/lv_2010-01-29_cp_en.pdf.
  • Mitnick, B. M. (1975) ‘The theory of agency’, Public Choice, 24(1): 27–42.
  • Moravcsik, A. (1999) ‘A new statecraft? Supranational entrepreneurs and international cooperation’, International organization, 53(2): 267–306.
  • Moschella, M. (2012) ‘IMF Surveillance in Crisis: The Past, Present and Future of the Reform Process’, Global Society, 26(1): 43–60.
  • Nic Shuibhne, N. (2012) ‘The European Court of Justice’ in J. Peterson and M. Shackleton (eds) The institutions of the European Union, Oxford: Oxford University Press, pp. 148–169.
  • Panagiotarea, E. (2013) Greece in the Euro: Economic Delinquency or System Failure? Colchester: ECPR Press.
  • Pisani-Ferry, J., Sapir, A. and Wolff, G. B. (2011) An evaluation of IMF surveillance of the euro area, Brussels: Bruegel.
  • Pisani-Ferry, J., Sapir, A. and Wolff, G. B. (2013) EU-IMF assistance to euro area countries: an early assessment, Brussels: Bruegel.
  • Pollack, M. (2007) ‘Principal-Agent Analysis and International Delegation: Red Herrings, Theoretical Clarifications and Empirical Disputes’. Bruges Political Research Papers, (2).
  • Pollack, M. A. (1997) ‘Delegation, agency, and agenda setting in the European Community’, International organization, 51(1): 99–134.
  • Pollack, M. A. (2003) The engines of European integration: delegation, agency, and agenda setting in the EU, Oxford: Oxford University Press.
  • Rogers, C. (2012) The IMF and European Economies: Crisis and Conditionality, Basingstoke: Palgrave Macmillan.
  • Sarooshi, D. (2005) International Organizations and Their Exercise of Sovereign Powers, Oxford: Oxford University Press.
  • Schäuble, W. (2010) ‘Why Europe's monetary union faces its biggest crisis’, Financial Times, 12 March.
  • Scheepens, J. P. J. F. (1995) ‘Financial intermediation and corporate finance. An analysis of agency problems and optimal contracts’, Doctoral dissertation, PhD thesis, Tilburg: Tilburg University.
  • Spaventa, L. (1983) ‘Two Letters of Intent: External Crises and Stabilization Policy, Italy, 1973–77’ in J. Williamson (ed) IMF conditionality, Washington, DC: Institute for International Economics, pp. 441–73.
  • Spiegel, P. (2012) ‘Will Lagarde's euro plan become Europe's?’, Financial Times, Brussels Blog, 22 June.
  • Spiegel, P. and Hope, K. (2013) ‘Rehn bridles at IMF attack on rescue’, Financial Times, 8 June.
  • Strauss-Kahn, D. (2010) ‘After the Global Financial Crisis—The Road Ahead for Europe’, Address at the Warsaw School of Economics, Warsaw, Poland, March 29, 2010.
  • Strausz, R. (1997) ‘Delegation of monitoring in a principal-agent relationship’, The Review of Economic Studies, 64(3): 337–357.
  • Tallberg, J. (2003) European Governance and Supranational Institutions: Making States Comply, London: Routledge.
  • Tirole, J. (1992), ‛Collusion and the Theory of Organizations,’ in J.-J. Laffont (ed.) Advances in Economic Theory: Sixth World Congress, Volume 2, Cambridge: Cambridge University Press, pp. 151–206.
  • Vaubel, R. (2006) ‘ Principal-agent problems in international organizations’, The Review of International Organizations, 1(2): 125–138.
  • Wallace, H. (2010) ‘An institutional anatomy and five policy modes’ in H. Wallace, M. Pollack and A. Young (eds.) Policy-making in the European Union, 6th edition, Oxford: Oxford University Press, pp. 69–104.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.