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    Incoherence in regime complexes: a sentiment analysis of EU-IMF surveillance

    Breen, M. and Hodson, Dermot and Moschella, M. (2019) Incoherence in regime complexes: a sentiment analysis of EU-IMF surveillance. Journal of Common Market Studies , ISSN 0021-9886. (In Press)

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    Abstract

    The proliferation of international institutions means that states can be subject to multiple, overlapping and potentially incoherent international obligations. The regime complexity literature draws attention to this problem but says little about its character and causes. This article investigates whether and why two key components of the international economic surveillance regime – the International Monetary Fund (IMF) and the European Union (EU) – impose conflicting obligations on the same states. Based on a comparative sentiment analysis of more than 400 surveillance documents and using differences in tone as a proxy for incoherence, our results show that the IMF was more pessimistic about member states’ economic policies before the global financial crisis but less so thereafter. Our results point towards the importance of discretionary authority rather than the distribution of power, with the EU and IMF responding to different rules with differing degrees of intensity, leading to incoherent assessments of member states’ economic policies. Keywords: international institutions; EU; IMF; regime complexity; international economic surveillance; sentiment analysis

    Metadata

    Item Type: Article
    Additional Information: This is the peer reviewed version of the article, which has been published in final form at the link above. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
    Keyword(s) / Subject(s): international institutions, EU, IMF, regime complexity, international economic surveillance, sentiment analysis
    School: Birkbeck Schools and Departments > School of Social Sciences, History and Philosophy > Politics
    Depositing User: Dermot Hodson
    Date Deposited: 30 Apr 2019 11:36
    Last Modified: 17 Feb 2020 18:46
    URI: http://eprints.bbk.ac.uk/id/eprint/27301

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