Layna Mosley's Dataverse

The European Monetary Union (EMU) has generated a variety of changes, including the loss of national monetary policy autonomy and the creation of deeper integrated intra-European markets for goods, services, and financial instruments. This article explores the extent to which EMU has changed the ways in which and the extent to which international financial markets influence national policy choices. There are important reasons to expect that financial markets will exert greater influence on governments after EMU; for instance, governments now borrow in what is essentially a foreign currency. This change might serve to heighten the perceived danger of default in Europe. At the same time, however, financial markets appear to reward governments for the fiscal consolidation and increased market liquidity that flow from the single currency. I argue that, as a result of these offsetting trends, there have thus far been no dramatic changes in financial market–government relations. Although governments continue to face external pressures on domestic policy-making, these pressures may be only slightly more severe for EMU than for non-EMU countries. As in the past, domestic politics and institutions will be as important as, if not more important than, financial market pressures in EU governments’ policy decisions.

By downloading these Materials, I agree to the following:

1. I will not use the Materials to
   1. obtain information that could directly or indirectly identify subjects.
   2. produce links among the Distributor's datasets or among the Distributor's data and other datasets that could identify individuals or organizations.
   3. obtain information about, or further contact with, subjects known to me except where the use and/or release of such identifying information has no potential for constituting an unwarranted invasion of privacy and/or breach of confidentiality.
2. I agree not to download any Materials where prohibited by applicable law.
3. I agree not to use the Materials in any way prohibited by applicable law.
4. I agree that any books, articles, conference papers, theses, dissertations, reports, or other publications that I create which employ data reference the bibliographic citation accompanying this data. These citations include the data authors, data identifier, and other information accord with the Recommended Standard (http://thedata.org/citation/standard) for social science data.
5. THE DISTRIBUTOR MAKES NO WARRANTIES, EXPRESS OR IMPLIED, BY OPERATION OF LAW OR OTHERWISE, REGARDING OR RELATING TO THE DATASET

BY CLICKING THE "I AGREE" CHECKBOX BELOW, I CONFIRM THAT I HAVE READ AND UNDERSTOOD EACH AND EVERY TERM SET FORTH IN THE TERMS AND CONDITIONS FOR THE USE OF DATA FOUND ABOVE, AND I AGREE TO BE BOUND BY ALL OF SUCH TERMS AND CONDITIONS.

IF I DO NOT UNDERSTAND OR AGREE TO ALL OF THE TERMS AND CONDITIONS, I MUST NOT DOWNLOAD THE MATERIALS.