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The 'British plan' as a pace-setter: the Europeanization of banking rescue plans in the EU?
journal contribution
posted on 2023-06-07, 21:26 authored by Lucia QuagliaThis 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
History
Publication status
- Published
Journal
Journal of Common Market StudiesISSN
0021-9886Publisher
Wiley-BlackwellExternal DOI
Issue
5Volume
47Page range
1063-1083Pages
21.0Department affiliated with
- Politics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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