Since Maastricht has become even more famous than it was beforehand, as the site of the eponymous Treaty a few years ago, it is a perfect place to consider issues of international political economy. Then British concern at the prospective embrace of European federalism led to our opt-out from monetary union. On the subject of banking and financial regulation, however, the British have been in the forefront of those seeking international cooperation, both at the European (Brussels) and international (Basle) levels.
KeywordsMonetary Union Capital Ratio Bank Failure Interbank Market International Political Economy
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