David Howarth – författare

'This is a masterful work. I am so grateful for Howarth's dedication to capturing the experiences of those who were there that fateful, historic, world-changing day.' – _Good Reads_“_That morning, the fleet had sailed. He could not possibly count the ships or even guess the numbers…Wallace stood on the head of the cliff, entranced and exalted by a pageant of splendour which nobody had ever seen before, and nobody, it is certain, will ever see again_.”In _Dawn of D-Day_, David Howarth weaves together the testimony of hundreds of eyewitnesses to produce a breath-taking and atmospheric account of the greatest amphibious landing ever attempted.Based on interviews with survivors and accounts by participants, including American paratroopers, British engineers, French civilians and German soldiers, this enthralling story brings all the drama of 6th June 1944 to life. David Howarth looks not only at the famous incidents but at the full range of D-Day experiences, relating the running battles between parachutists and Germans in the Norman countryside, the torment of being under fire for the first time, the agony on the invasion beaches, the shock of the German defenders and all the confusion, elation and horror of battle._Dawn of D-Day_ is superb history from the mouths and pens of the men who fought on that first day of the battle for Normandy.

We Die Alone recounts one of the most exciting escape stories to emerge from the challenges and miseries of World War II. In March 1943, a team of expatriate Norwegian commandos sailed from northern England for Nazi-occupied arctic Norway to organize and supply the Norwegian resistance. But they were betrayed and the Nazis ambushed them. Only one man survived--Jan Baalsrud. This is the incredible and gripping story of his escape.Frostbitten and snowblind, pursued by the Nazis, he dragged himself on until he reached a small arctic village. He was near death, delirious, and a virtual cripple. But the villagers, at mortal risk to themselves, were determined to save him, and--through impossible feats--they did.We Die Alone is an astonishing true story of heroism and endurance. Like Slavomir Rawicz's The Long Walk, it is also an unforgettable portrait of the determination of the human spirit.

The establishment of Banking Union represents a major development in European economic governance and European integration history more generally. Banking Union is also significant because not all European Union (EU) member states have joined, which has increased the trend towards differentiated integration in the EU, posing a major challenge to the EU as a whole and to the opt-out countries. This book is informed by two main empirical questions. Why was BankingUnion - presented by proponents as a crucial move to ''complete'' Economic and Monetary Union (EMU) - proposed only in 2012, over twenty years after the adoption of the Maastricht Treaty? Why has a certain design for Banking Union been agreed and some elements of this design prioritized over others?A two-step explanation is articulated in this study. First, it explains why euro area member state governments moved to consider Banking Union by building on the concept of the ''financial trilemma'', and examining the implications of the single currency for euro area member state banking systems. Second, it explains the design of Banking Union by examining the preferences of member state governments on the core components of Banking Union and developing a comparative political economy analysisfocused on the configuration of national banking systems and varying national concern for the moral hazard facing banks and sovereigns created by euro level support mechanisms.

Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a ''market-based banking'' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation ofthe activities of banks. Further, it employs ''market-based banking'' to overcome the inability of existing typologies to explain financial system change. ''Market-based banking'' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successfulexplanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of ''market-based banking'' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance,financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.

Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. In Regional Development Banks in the World Economy, the editors provide an analytical framework that includes a revised categorisation of RDB by geographic operation and function. Part one offers detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Investment Bank, the Central American Bank, the Andean Development Corporation, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank. Part two offers comparative analyses of key topics on RDB, examining their initial design and their changing business models, their shifting role in promoting policies supported by the United States as hegemon and the private sector. The volume ends with a critical reflection on the role played by RDB to date and a strong defence of the need for these banks in an increasingly complex world economy.

Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. In Regional Development Banks in the World Economy, the editors provide an analytical framework that includes a revised categorisation of RDB by geographic operation and function. Part one offers detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Investment Bank, the Central American Bank, the Andean Development Corporation, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank. Part two offers comparative analyses of key topics on RDB, examining their initial design and their changing business models, their shifting role in promoting policies supported by the United States as hegemon and the private sector. The volume ends with a critical reflection on the role played by RDB to date and a strong defence of the need for these banks in an increasingly complex world economy.

The problem of banks being ''too big to fail'' was the defining regulatory issue of the global financial crisis. However, attempts to tackle the problem by separating retail banking from higher risk trading activities - known as structural reform - proved to be highly divisive and contributed to significant regulatory divergence. In this book, David Howarth and Scott James explain this variation by examining the politics of bank structural reform across six key jurisdictions: the United States, the European Union, the United Kingdom, France, Germany, and the Netherlands. Integrating political economy and public policy approaches, they develop a novel ''comparative financial power'' framework to analyse how financial industry influence is mediated by two factors: first, whether bank lobbying is unified and centralized (cooperative financial power) or divided and fragmented (competitive financial power); and second, policy makers'' use of venue shifting to depoliticize contentious policy issues. The book explains that the US and UK governments implemented major reforms because the banking industry was divided and faced significant opposition. However, venue shifting to an independent committee led to durable reform in the UK, while political polarization in the US contributed to contested reform. By contrast, the French and German governments balanced unified bank lobbying and political pressures to act by pursuing limited symbolic reforms; the Dutch government deflected the issue through delegation to multiple commissions (no reform); while political stalemate at the EU level resulted from early venue shifting and concerted pan-European bank lobbying. The book makes a major contribution to scholarship on the political economy of finance and business power.

The problem of banks being ''too big to fail'' was the defining regulatory issue of the global financial crisis. However, attempts to tackle the problem by separating retail banking from higher risk trading activities - known as structural reform - proved to be highly divisive and contributed to significant regulatory divergence. In this book, David Howarth and Scott James explain this variation by examining the politics of bank structural reform across six key jurisdictions: the United States, the European Union, the United Kingdom, France, Germany, and the Netherlands. Integrating political economy and public policy approaches, they develop a novel ''comparative financial power'' framework to analyse how financial industry influence is mediated by two factors: first, whether bank lobbying is unified and centralized (cooperative financial power) or divided and fragmented (competitive financial power); and second, policy makers'' use of venue shifting to depoliticize contentious policy issues. The book explains that the US and UK governments implemented major reforms because the banking industry was divided and faced significant opposition. However, venue shifting to an independent committee led to durable reform in the UK, while political polarization in the US contributed to contested reform. By contrast, the French and German governments balanced unified bank lobbying and political pressures to act by pursuing limited symbolic reforms; the Dutch government deflected the issue through delegation to multiple commissions (no reform); while political stalemate at the EU level resulted from early venue shifting and concerted pan-European bank lobbying. The book makes a major contribution to scholarship on the political economy of finance and business power.

The problem of banks being 'too big to fail' was the defining regulatory issue of the global financial crisis. However, attempts to tackle the problem by separating retail banking from higher risk trading activities - known as structural reform - proved to be highly divisive and contributed to significant regulatory divergence. In this book, David Howarth and Scott James explain this variation by examining the politics of bank structural reform across six key jurisdictions: the United States, the European Union, the United Kingdom, France, Germany, and the Netherlands. Integrating political economy and public policy approaches, they develop a novel 'comparative financial power' framework to analyse how financial industry influence is mediated by two factors: first, whether bank lobbying is unified and centralized (cooperative financial power) or divided and fragmented (competitive financial power); and second, policy makers' use of venue shifting to depoliticize contentious policy issues. The book explains that the US and UK governments implemented major reforms because the banking industry was divided and faced significant opposition. However, venue shifting to an independent committee led to durable reform in the UK, while political polarization in the US contributed to contested reform. By contrast, the French and German governments balanced unified bank lobbying and political pressures to act by pursuing limited symbolic reforms; the Dutch government deflected the issue through delegation to multiple commissions (no reform); while political stalemate at the EU level resulted from early venue shifting and concerted pan-European bank lobbying. The book makes a major contribution to scholarship on the political economy of finance and business power.

The establishment of Banking Union represents a major development in European economic governance and European integration history more generally. Banking Union is also significant because not all European Union (EU) member states have joined, which has increased the trend towards differentiated integration in the EU, posing a major challenge to the EU as a whole and to the opt-out countries. This book is informed by two main empirical questions. Why was Banking Union - presented by proponents as a crucial move to 'complete' Economic and Monetary Union (EMU) - proposed only in 2012, over twenty years after the adoption of the Maastricht Treaty? Why has a certain design for Banking Union been agreed and some elements of this design prioritized over others? A two-step explanation is articulated in this study. First, it explains why euro area member state governments moved to consider Banking Union by building on the concept of the 'financial trilemma', and examining the implications of the single currency for euro area member state banking systems. Second, it explains the design of Banking Union by examining the preferences of member state governments on the core components of Banking Union and developing a comparative political economy analysis focused on the configuration of national banking systems and varying national concern for the moral hazard facing banks and sovereigns created by euro level support mechanisms.

Regional development banks (RDB) have become increasingly important in the world economy, but have also been relatively under-researched to date. This timely volume addresses this lack of attention by providing a comprehensive, comparative, and empirically informed analysis of their origins, evolution, and contemporary role in the world economy through to the second decade of the twenty-first century. In Regional Development Banks in the World Economy, the editors provide an analytical framework that includes a revised categorisation of RDB by geographic operation and function. Part one offers detailed analyses of the origins, evolution, and contemporary role of the major RDB, including the Inter-American Development Bank, the African Development Bank, the Asian Development Bank, the European Investment Bank, the Central American Bank, the Andean Development Corporation, the European Bank for Reconstruction and Development, and the Asian Infrastructure Investment Bank. Part two offers comparative analyses of key topics on RDB, examining their initial design and their changing business models, their shifting role in promoting policies supported by the United States as hegemon and the private sector. The volume ends with a critical reflection on the role played by RDB to date and a strong defence of the need for these banks in an increasingly complex world economy.

The European Union's small, balanced budget is commonly considered to be one of the most important constraints on the Union's powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states' economic recovery from the COVID-19 pandemic and to support Ukraine. This book tells the story of how the EU became a sovereign-style borrower from Jean-Monnet's 'American Loan' in 1954 to the operation of the Recovery and Resilience Facility seven decades later. Drawing on archival analysis and elite interviews, the book charts the origins and evolution of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, and the European Stability Mechanism as European-level borrowers and asks how these bodies' accountability to parliaments, auditors, citizens, and civil society groups can be improved. The EU's evolution as a sovereign-style borrower has been driven by a combination of gradual institutional change and hard bargaining between member states with high and low borrowing costs, we find. Since the 1990s, European-level borrowing has also been increasingly shaped by concerns over the EU's legitimacy crisis. Borrowing is not simply a technocratic issue, but one that raises fundamental questions about what sort of polity the EU is and how it could develop in the future.This is an open access title available under the terms of a [CC BY-NC-ND 4.0 International] licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.

The European Union's small, balanced budget is commonly considered to be one of the most important constraints on the Union's powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states' economic recovery from the COVID-19 pandemic and to support Ukraine. This book tells the story of how the EU became a sovereign-style borrower from Jean-Monnet's 'American Loan' in 1954 to the operation of the Recovery and Resilience Facility seven decades later. Drawing on archival analysis and elite interviews, the book charts the origins and evolution of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, and the European Stability Mechanism as European-level borrowers and asks how these bodies' accountability to parliaments, auditors, citizens, and civil society groups can be improved. The EU's evolution as a sovereign-style borrower has been driven by a combination of gradual institutional change and hard bargaining between member states with high and low borrowing costs, we find. Since the 1990s, European-level borrowing has also been increasingly shaped by concerns over the EU's legitimacy crisis. Borrowing is not simply a technocratic issue, but one that raises fundamental questions about what sort of polity the EU is and how it could develop in the future.This is an open access title available under the terms of a [CC BY-NC-ND 4.0 International] licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.

The European Union's small, balanced budget is commonly considered to be one of the most important constraints on the Union's powers. However, the EU has always borrowed, and it is now borrowing on the scale of a large state to aid member states' economic recovery from the COVID-19 pandemic and to support Ukraine. This book tells the story of how the EU became a sovereign-style borrower from Jean-Monnet's 'American Loan' in 1954 to the operation of the Recovery and Resilience Facility seven decades later. Drawing on archival analysis and elite interviews, the book charts the origins and evolution of the European Commission, the European Investment Bank, the European Bank for Reconstruction and Development, and the European Stability Mechanism as European-level borrowers and asks how these bodies' accountability to parliaments, auditors, citizens, and civil society groups can be improved. The EU's evolution as a sovereign-style borrower has been driven by a combination of gradual institutional change and hard bargaining between member states with high and low borrowing costs, we find. Since the 1990s, European-level borrowing has also been increasingly shaped by concerns over the EU's legitimacy crisis. Borrowing is not simply a technocratic issue, but one that raises fundamental questions about what sort of polity the EU is and how it could develop in the future.This is an open access title available under the terms of a [CC BY-NC-ND 4.0 International] licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.

Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a 'market-based banking' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation of the activities of banks. Further, it employs 'market-based banking' to overcome the inability of existing typologies to explain financial system change. 'Market-based banking' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successful explanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of 'market-based banking' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance, financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.

PRE-ORDER THIS WWII EPIC OF ESCAPE, SURVIVAL, AND VICTORY ON THE GREENLAND COASTIn 1943, a group of brave Danish and Norwegian hunters carried out one of the most dramatic operations of World War II.Using dogsleds to patrol a stark 500-mile stretch of the Greenland coast, their wartime mission was to guard against Nazi interlopers-an unlikely scenario given the cruel climate.But one day, a footprint was spotted on desolate Sabine Island, along with other obvious signs of the enemy.Not expecting to find the trouble they did, the three Sledge Patrol members escaped to the nearest hunting hut only to have the Germans pursue them on foot.In the dead of the Arctic night, the men escaped capture at the last instant and, without their coats or sled dogs, walked fifty-six miles to get back to base. While the Sledge Patrol had only hunting rifles, resilience, and their knowledge of outdoor survival, the Germans were armed with machine guns and grenades and greatly outnumbered them.David Howarth skillfully relates the tensely exciting true tale of how the men of the Sledge Patrol fought capture or death in desolation by outwitting and outlasting the enemy. This is a saga of human skill, faith, and endurance-and one of the most remarkable Allied victories ever recorded.

The unlikely beginnings of the East India Company—from Tudor origins and rivalry with the superior Dutch—to laying the groundwork for future British expansion  The East India Company was the largest commercial enterprise in British history, yet its roots in Tudor England are often overlooked. The Tudor revolution in commerce led ambitious merchants to search for new forms of investment, not least in risky overseas enterprises—and for these “adventurers” the most profitable bet of all would be on the Company.  Through a host of stories and fascinating details, David Howarth brings to life the Company’s way of doing business—from the leaky ships and petty seafarers of its embattled early days to later sweeping commercial success. While the Company’s efforts met with disappointment in Japan, they sowed the seeds of success in India, setting the outline for what would later become the Raj. Drawing on an abundance of sources, Howarth shows how competition from European powers was vital to success—and considers whether the Company was truly “English” at all, or rather part of a Europe-wide movement.

“Overflowing with surprises.”—William Dalrymple, The Spectator“Essential reading.”—Dan Jones, Times (UK)“Fascinating and authoritative.”—Jerry BrottonThe unlikely beginnings of the East India Company—from Tudor origins and rivalry with the superior Dutch—to laying the groundwork for future British expansion  The East India Company was the largest commercial enterprise in British history, yet its roots in Tudor England are often overlooked. The Tudor revolution in commerce led ambitious merchants to search for new forms of investment, not least in risky overseas enterprises—and for these “adventurers” the most profitable bet of all would be on the Company.  Through a host of stories and fascinating details, David Howarth brings to life the Company’s way of doing business—from the leaky ships and petty seafarers of its embattled early days to later sweeping commercial success. While the Company’s efforts met with disappointment in Japan, they sowed the seeds of success in India, setting the outline for what would later become the Raj. Drawing on an abundance of sources, Howarth shows how competition from European powers was vital to success—and considers whether the Company was truly “English” at all, or rather part of a Europe-wide movement.

In a survey which ranges widely from the building of Henry VII's palaces to the proposed monument to Charles I by Wren, David Howarth examines aspects of the visual arts in the English Renaissance to consider what they meant for those who commissioned them and those at whom they were directed. A variety of artefacts are considered for what they can tell us of the values of the court in early modern England.

South Africa in Transition utilises new theoretical perspectives to describe and explain central dimensions of the democratic transition in South Africa during the late 1980s and early 1990s, covering changes in the politics of gender and education, the political discourses of the ANC, NP and the white right, constructions of identity in South Africa's black townships and rural areas, the role of political violence in the transition, and accounts of the democratization process itself.

* What do we mean by discourse?* What are the different conceptions of discourse and methods of discourse analysis in the contemporary social sciences?* How can this concept help to clarify key theoretical problems and illuminate empirical cases?The concept of discourse provokes considerable debate and is understood in a variety of ways in the contemporary social sciences. This text presents a comprehensive overview of the different conceptions and methods of discourse analysis, while setting out the traditions of thinking in which these conceptions have emerged. It surveys structuralist, post-structuralist and post-Marxist theory, and the author sets out a fresh approach to discourse analysis, drawing principally on the writings of Saussure, Levi-Strauss, Gramsci, Althusser, Foucault, Derrida, Laclau and Mouffe. He evaluates a number of pertinent criticisms of this approach, and explores ways in which discourse analysis can assist our understanding of identity formation, hegemony, and the relationship between structure and agency. This concise and engaging text provides a stimulating introduction to the concept of discourse for students and researchers across the social sciences.

* What do we mean by discourse?* What are the different conceptions of discourse and methods of discourse analysis in the contemporary social sciences?* How can this concept help to clarify key theoretical problems and illuminate empirical cases?The concept of discourse provokes considerable debate and is understood in a variety of ways in the contemporary social sciences. This text presents a comprehensive overview of the different conceptions and methods of discourse analysis, while setting out the traditions of thinking in which these conceptions have emerged. It surveys structuralist, post-structuralist and post-Marxist theory, and the author sets out a fresh approach to discourse analysis, drawing principally on the writings of Saussure, Levi-Strauss, Gramsci, Althusser, Foucault, Derrida, Laclau and Mouffe. He evaluates a number of pertinent criticisms of this approach, and explores ways in which discourse analysis can assist our understanding of identity formation, hegemony, and the relationship between structure and agency. This concise and engaging text provides a stimulating introduction to the concept of discourse for students and researchers across the social sciences.

At least since the French Revolution, France has the peculair distinction of simultaneously fascinating, charming and exasperating its neighbours and foreign observers. Contemporary France provides an essential introduction for students of French politics and society, exploring contemporary developments while placing them in a deeper historical, intellectual, cultural and social context that makes for insightful analysis. Thus, chapters on France's economic policy and welfare state, its foreign and European policies and its political movements and recent institutional developments are informed by an analysis of the country's unique political and institutional traditions, distinct forms of nationalism and citizenship, dynamic intellectual life and recent social trends. Summaries of key political, economic and social movements and events are displayed as exhibits.

The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus ‘economic’ union (less centralised governance); the second between those Euro Area member states of the so-called ‘core’ and those of the ‘periphery’.EMU stands as one of the European Union’s (EU) flagship integration achievements. Set up in 1999, with the large majority of EU member states at the time, EMU was described as ‘asymmetrical’ even prior to its start. From the outset, it involved asymmetrical integration in monetary and ‘economic’ union. Although a major element of the blueprint that paved the way for the final stage of EMU, the concept of ‘economic’ union was insufficiently developed. The second decade of the single currency gave rise to a second asymmetry, namely one between those Euro Area member states of the ‘core’ and those of the ‘periphery’. The ten contributions to this volume speak to one or both of these asymmetries, covering the major political, political economy and policy dimensions of EMU and the ongoing debates about necessary policy and institutional reforms to overcome these asymmetries and bolster Euro Area stability. The outbreak of the Coronavirus (Covid-19) Crisis in 2020 created unprecedented socio-economic challenges for Euro Area member states, heightening the perceived urgency of reform.The chapters in this book were originally published as a special issue of the Journal of European Integration.

The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus ‘economic’ union (less centralised governance); the second between those Euro Area member states of the so-called ‘core’ and those of the ‘periphery’.EMU stands as one of the European Union’s (EU) flagship integration achievements. Set up in 1999, with the large majority of EU member states at the time, EMU was described as ‘asymmetrical’ even prior to its start. From the outset, it involved asymmetrical integration in monetary and ‘economic’ union. Although a major element of the blueprint that paved the way for the final stage of EMU, the concept of ‘economic’ union was insufficiently developed. The second decade of the single currency gave rise to a second asymmetry, namely one between those Euro Area member states of the ‘core’ and those of the ‘periphery’. The ten contributions to this volume speak to one or both of these asymmetries, covering the major political, political economy and policy dimensions of EMU and the ongoing debates about necessary policy and institutional reforms to overcome these asymmetries and bolster Euro Area stability. The outbreak of the Coronavirus (Covid-19) Crisis in 2020 created unprecedented socio-economic challenges for Euro Area member states, heightening the perceived urgency of reform.The chapters in this book were originally published as a special issue of the Journal of European Integration.

Europe’s sovereign debt crisis and the accompanying national bank crises in the European Union brought bank regulation and supervision to the top of the EU policy agenda. In a few short years, we have witnessed a ‘great leap forward’ for European integration marked by over a dozen pieces of EU legislation shaping the operation of banks, rules on bank capital, reconfigured supervisory agencies, and Banking Union. The significance of these measures lies however, in the fact that they constitute the most dramatic transfer of policy-making powers to the European level since the start of Economic and Monetary Union in 1999. This volume addresses the three main political battles behind the adoption of these new regulatory and supervisory policies. First, it examines divisions among states, both according to their domestic institutional structures, including distinct financial systems, as well as their creditor or debtor status in the crisis. Second, it studies the battle over national versus supranational jurisdiction. Third, it explores the conflictual process of policy learning and the activation of epistemic communities who claim competence to address the crisis. This book was originally published as a special issue of the journal West European Politics.

The Difficult Construction of European Banking Union examines the political, legal and economic issues surrounding the lacunae and design faults of European Banking Union and its problematic operation.The volume brings together the work of sixteen scholars focused on the diverse debates surrounding the construction and operation of Banking Union (BU), and its necessary reform. BU represents one of the most important developments in European integration since the launch of Monetary Union. Furthermore, the design of the BU agreed between 2012 and 2014 was a messy compromise among EU member states. It is not surprising then that BU has sparked a lively academic debate and triggered an ever-growing number of publications from different disciplinary backgrounds. The first wave of academic work on BU focuses upon the economic rationale underpinning the supranationalisation of control over banking — regulation, supervision, support and resolution — and the political dynamics and legal issues that shaped the design of the Union agreed. This volume is located at the intersection of this first phase of academic research and a second stage which analyses the functioning of the different elements of BU. New research questions are triggered by the albeit limited empirical evidence on BU’s implementation and operation. Contributions to this second wave of research attempt to identify potentially dangerous lacunae and contribute to on-going reform debates. The Difficult Construction of European Banking Union will be of great interest to scholars of the European Union, Banking, Economic Governance, and Political Economy. Most of the chapters were originally published as three special issues in the Journal of Economic Policy Reform.