Competing bureaucratic mandates have produced a ‘clash of organisations’ that impedes effective crisis management in Europe

How does regional economic integration impact upon global economic governance? André Broome examines the evolution of bureaucratic cooperation between the International Monetary Fund (IMF) and the European Union between the signing of the Maastricht Treaty in 1992 and the launch of the euro in 1999.

He finds that the exercise of informal influence by advocates for change within international organisations can shape the outcomes of formal decision-making processes, even when these cut across the national preferences of powerful states, but can also impede the development of robust formal structures for institutional cooperation that are needed for effective crisis management.

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