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Europeanization as an Interactive Process: German Public Banks Meet EU State Aid Policy

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  • EMILIANO GROSSMAN

Abstract

Much of the Europeanization literature assumes that while European integration may upset certain features of national policy-making structures, it will not be able to modify systemic characteristics. This article shows that central features of national policy-making structures may be overthrown by European integration. However, this usually requires a proactive attitude by subnational actors with an interest in further integration. The argument is illustrated by the case of German public banks and the conflict with regard to EU state aid rules. In this case, competing private banks finally chose to circumvent existing national policy-making structures in order to obtain the abolition of state guarantees, which it was considered put private banks at a competitive disadvantage. Copyright 2006 Blackwell Publishing Ltd.

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  • Emiliano Grossman, 2006. "Europeanization as an Interactive Process: German Public Banks Meet EU State Aid Policy," Journal of Common Market Studies, Wiley Blackwell, vol. 44(2), pages 325-348, June.
  • Handle: RePEc:bla:jcmkts:v:44:y:2006:i:2:p:325-348
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    1. Sinn, Hans-Werner, . "The German state banks: Global players in the international financial markets," Monographs in Economics, University of Munich, Department of Economics, number 19864, Jul-Dec.
    2. Jeremy Edwards & Marcus Nibler, 2000. "Corporate governance in Germany: the role of banks and ownership concentration," Economic Policy, CEPR;CES;MSH, vol. 15(31), pages 237-267, October.
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    Cited by:

    1. Markus Fischer & Christa Hainz & Jörg Rocholl & Sascha Steffen, 2014. "Government guarantees and bank risk taking incentives," ESMT Research Working Papers ESMT-14-02, ESMT European School of Management and Technology.
    2. Seikel, Daniel, 2011. "Wie die Europäische Kommission Liberalisierung durchsetzt: Der Konflikt um das öffentlich-rechtliche Bankenwesen in Deutschland," MPIfG Discussion Paper 11/16, Max Planck Institute for the Study of Societies.
    3. Cornelia Woll & Sophie Jacquot, 2010. "Using Europe: Strategic Action in Multi-Level Politics," Sciences Po publications info:hdl:2441/f5vtl5h9a73, Sciences Po.
    4. Markus Fischer & Christa Hainz & Jörg Rocholl & Sascha Steffen, 2012. "Wie wirkt sich der Wegfall staatlicher Garantien auf die Risikoübernahme von Banken aus?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(18), pages 17-21, October.
    5. Scharpf, Fritz W., 2010. "Community and autonomy: Institutions, policies and legitimacy in multilevel Europe," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 68, number 68.
    6. Schneider, Sebastian, 2014. "Varieties of capitalism, varieties of crisis response Bank bailouts in comparative perspective," PIPE - Papers on International Political Economy 21/2014, Free University Berlin, Center for International Political Economy.
    7. Annette Elisabeth Töller, 2010. "Measuring and Comparing the Europeanization of National Legislation: A Research Note," Journal of Common Market Studies, Wiley Blackwell, vol. 48, pages 417-444, March.
    8. Fritz W. Scharpf, 2009. "The Asymmetry of European Integration - or why the EU cannot be a Social Market Economy," KFG Working Papers p0006, Free University Berlin.
    9. Mark Thatcher, 2007. "Regulatory Agencies, the State and Markets: A Franco-British Comparison," RSCAS Working Papers 2007/17, European University Institute.
    10. Scharpf, Fritz W., 2009. "The double asymmetry of European integration: Or: why the EU cannot be a social market economy," MPIfG Working Paper 09/12, Max Planck Institute for the Study of Societies.
    11. John B Parr, 2015. "Neglected aspects of regional policy: a retrospective view," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 33(2), pages 376-392, April.
    12. Cornelia Woll & Sophie Jacquot, 2010. "Using Europe: Strategic Action in Multi-Level Politics," Post-Print hal-01023857, HAL.
    13. Höpner, Martin & Schäfer, Armin, 2010. "Polanyi in Brussels? Embeddedness and the three dimensions of European economic integration," MPIfG Discussion Paper 10/8, Max Planck Institute for the Study of Societies.
    14. repec:spo:wpecon:info:hdl:2441/f5vtl5h9a73d5ls976m1ga289 is not listed on IDEAS

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