Monitoring National Economies. The Political-Economy Determinants Of Supranational Economic Surveillance
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Descrizione del progetto
In a global economy marked by increasing interconnectedness, the potential for negative cross-border spillovers is high, implying that the need to appropriately factor in negative externalities arising from domestic policy choices is greater. This is why strong surveillance is essential in the system, as the burst of the global financial crisis in 2007 and its contagion have once again clearly demonstrated. In spite of its importance, however, surveillance is an under-researched issue in the International Political Economy (IPE) literature. The purpose of this project is that of filling in this gap by investigating the factors that help explain the variation in the institutional designs of international surveillance initiatives and the divergences in evolutionary patterns. In order to achieve these goals, the project, which combines insights from both political science and economics, is based on a systematic comparison of three main supranational surveillance initiatives: namely, the one carried out by the IMF, the FSB, and the EU.