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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 Quaglia
This 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 Studies

ISSN

0021-9886

Publisher

Wiley-Blackwell

Issue

5

Volume

47

Page range

1063-1083

Pages

21.0

Department affiliated with

  • Politics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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