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OverviewSince the creation of the euro and a European Central Bank, the European Union has persistently pursued financial market integration throughout periods of economic growth, membership enlargements, financial breakdown, and political crisis. While traditionally analysed in terms of clashing ideological orientations and strategic political interests, this book presents a novel and empirically grounded perspective on the issues around financial market integration by approaching them in terms of the knowledge problems that actors face. Drawing on European legal texts, policy documents and interviews with regulators, central bankers, and financial market professionals, this book is rich in empirical detail which reveals a close-knit set of knowledge problems, or paradoxes, of ‘the market’. These paradoxes are irreducible to a particular political ideology or national interests because they are rooted in the conceptual structure of the European treaties. Moreover, while these knowledge problems present themselves as uncertainties, tensions, and conflicts in practice, they also echo persistent conceptual and theoretical controversies in the field of economics. Indeed, this book demonstrates how ‘the market’ is adopted from economic theory into European treaty law, resulting in central bankers and regulators struggling with knowledge problems and conflicts paralleling classic debates in the academic discipline. This book will be of significant interest to political economists working on European economic integration and money and finance as well as readers of heterodox economics, economic sociology, and political and social theory more broadly. Full Product DetailsAuthor: Troels KrarupPublisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.453kg ISBN: 9781032212234ISBN 10: 1032212233 Pages: 138 Publication Date: 18 August 2023 Audience: College/higher education , Tertiary & Higher Education Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsChapter 1. Introduction: A Problem Called ‘the Market’ Chapter 2. The ‘Archaeology’ of Paradoxes: Methodology and Materials Chapter 3. The Constitutional Problem of Competition in the EU Chapter 4. ‘Infrastructure’ between Competition and Centralisation Chapter 5. Money and the ’Level Playing Field’: Economic Theory meets Market Integration Chapter 6. The Liquidity Problem of Contemporary Finance Chapter 7. ConclusionReviewsThis fascinating book provides an original and authoritative account of the hugely consequential and often perplexing nature of financial 'market' integration in the EU. It will be an excellent resource for political economists, legal scholars, and sociologists of finance as well as of European integration. - Dr Sebastian Diessner, Leiden University 'This fascinating book provides an original and authoritative account of the hugely consequential and often perplexing nature of financial 'market' integration in the EU. It will be an excellent resource for political economists, legal scholars, and sociologists of finance as well as of European integration.' Dr Sebastian Diessner, Leiden University Author InformationTroels Krarup, Associate Professor, Aalborg University, Denmark. Tab Content 6Author Website:Countries AvailableAll regions |