The Europeanisation of Macroeconomic Policies and Financial Regulation in Italy

Abstract

This research asks to what extent, how and why two key domains of domestic political economy, namely, macroeconomic policies and financial services regulation, have been Europeanised in Italy over the last decade. The impacts of Economic and Monetary Union and European Union financial services regulation are assessed by tracing the change in interests, ideas and institutions in these policy areas and identifying the causal mechanisms through which change came about (or was resisted). It is concluded that the degree of Europeanisation and its effects have been uneven across different elements of the political economy and some distinctive national features have remained.