A closer look at the institutional dimension of the crisis
The financial crisis (2007-2008) and the ensuing Great Recession and European sovereign debt crisis sent shock waves throughout the EU. Related to the economic and social impact of the crisis, the institutional dimension is important, particularly the economic institutions of the monetary union. How did the crisis impact the relationship between the Member States and the EU, as well as the institutional status quo? The EU-funded INSTITUTIONS project will explore the future institutional framework. It will investigate the possibility of devising a critical theory of institutions in general, and of economic institutions in particular. Offering a first dedicated and exclusive delineation of a critical theory of economic institutions, the findings will provide an important resource for scholars of economic institutions.