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Eurons dolda agenda Hur externa faktorer kan förklara skapandet av EMU

Bjernstam, Carl (2006)
Department of Political Science
Abstract
The aim of the thesis is to highlight external factors to explain why the EMU was created. The external factor considered here is the monetary policy of the United States, which often conflicted with European interests. The statistical data in the thesis, as well as previous research, show that even though the EU economically in many ways had become an equal partner of the US during the second half of the 20th century, the union still faced US influence and dependence.

The results of the thesis can be explained with neorealist theories on power measured as an actor's distribution of capabilities and balancing of power. An actor that is equipped with the world's leading currency is more independent from others. Other actors, on the other... (More)
The aim of the thesis is to highlight external factors to explain why the EMU was created. The external factor considered here is the monetary policy of the United States, which often conflicted with European interests. The statistical data in the thesis, as well as previous research, show that even though the EU economically in many ways had become an equal partner of the US during the second half of the 20th century, the union still faced US influence and dependence.

The results of the thesis can be explained with neorealist theories on power measured as an actor's distribution of capabilities and balancing of power. An actor that is equipped with the world's leading currency is more independent from others. Other actors, on the other hand, become increasingly dependent on the major currency and the policy of its owner. The decision to implement the EMU, with the Euro as a common currency, should thus be seen as an attempt of the EU to increase its own power resources in order to escape dependency on America, and to balance US influence and dominance. (Less)
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author
Bjernstam, Carl
supervisor
organization
year
type
M2 - Bachelor Degree
subject
keywords
EMU, EU-US Relations, Neorealist Theory, European Integration, Power, Political and administrative sciences, Statsvetenskap, förvaltningskunskap
language
Swedish
id
1329045
date added to LUP
2006-04-19
date last changed
2006-04-19
@misc{1329045,
  abstract     = {The aim of the thesis is to highlight external factors to explain why the EMU was created. The external factor considered here is the monetary policy of the United States, which often conflicted with European interests. The statistical data in the thesis, as well as previous research, show that even though the EU economically in many ways had become an equal partner of the US during the second half of the 20th century, the union still faced US influence and dependence.

The results of the thesis can be explained with neorealist theories on power measured as an actor's distribution of capabilities and balancing of power. An actor that is equipped with the world's leading currency is more independent from others. Other actors, on the other hand, become increasingly dependent on the major currency and the policy of its owner. The decision to implement the EMU, with the Euro as a common currency, should thus be seen as an attempt of the EU to increase its own power resources in order to escape dependency on America, and to balance US influence and dominance.},
  author       = {Bjernstam, Carl},
  keyword      = {EMU,EU-US Relations,Neorealist Theory,European Integration,Power,Political and administrative sciences,Statsvetenskap, förvaltningskunskap},
  language     = {swe},
  note         = {Student Paper},
  title        = {Eurons dolda agenda Hur externa faktorer kan förklara skapandet av EMU},
  year         = {2006},
}