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Introduction

The process of European integration has been a complex and dynamic one, with the European Union (EU) evolving from a purely economic union to a political entity with significant powers and responsibilities. One of the key areas of divergence within the EU has been in the realm of fiscal and monetary policy. While some member states have pursued more conservative fiscal policies and opted for greater monetary integration, others have chosen more expansionary fiscal policies and retained greater control over their monetary policy. This thesis aims to explore the reasons behind this divergence and provide insights into the political economy of European integration.

Chapter 1: Introduction
1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms

Chapter 2: Literature Review
2.1 Theoretical Framework of European Integration
2.2 Historical Evolution of Fiscal and Monetary Policies in the EU
2.3 Factors Influencing Divergence in Fiscal and Monetary Policies
2.4 Impact of Divergence on Economic Stability and Growth
2.5 Role of Institutions in Shaping Fiscal and Monetary Policies
2.6 Comparative Analysis of Fiscal and Monetary Policies in Different Member States
2.7 Challenges and Opportunities of Fiscal and Monetary Integration
2.8 Lessons from the Eurozone Crisis
2.9 The Role of Political Economy in Shaping Fiscal and Monetary Policies
2.10 Future Prospects for Fiscal and Monetary Integration in the EU

Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Techniques
3.5 Ethical Considerations
3.6 Case Study Selection
3.7 Comparative Analysis Approach
3.8 Interview and Survey Methods

Chapter 4: Discussion of Findings
4.1 Comparative Analysis of Fiscal and Monetary Policies in Selected EU Member States
4.2 Impact of Political Economy on Fiscal and Monetary Policies
4.3 Role of Institutions in Shaping Fiscal and Monetary Integration
4.4 Lessons Learned from the Eurozone Crisis
4.5 Challenges and Opportunities for Fiscal and Monetary Integration
4.6 Recommendations for Policy Makers
4.7 Implications for Future Research
4.8 Conclusions

Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Policy Recommendations
5.4 Implications for Theory and Practice
5.5 Contributions to Existing Literature
5.6 Limitations of the Study
5.7 Areas for Future Research

Thesis Overview

The political economy of European integration: Explaining divergence on fiscal and monetary policy is a comprehensive study that aims to delve into the reasons behind the varying fiscal and monetary policies pursued by different EU member states. The thesis is structured into five chapters, beginning with an introduction that provides the background of the study, problem statement, objective, scope, significance, and the structure of the thesis. The literature review explores the theoretical framework, historical evolution, factors influencing divergence, impact, role of institutions, challenges, and opportunities of fiscal and monetary policies in the EU. The research methodology chapter details the design, data collection, sampling, analysis, ethical considerations, and methods used in the study. The discussion of findings chapter analyzes the comparative fiscal and monetary policies, political economy influences, lessons from the Eurozone crisis, institutional roles, challenges, opportunities, recommendations, and implications for future research. Finally, the conclusion and summary chapter summarizes the findings, provides conclusions, policy recommendations, implications, contributions to literature, limitations, and areas for future research. This thesis aims to contribute to the understanding of the political economy of European integration and provide insights into the divergence in fiscal and monetary policies among EU member states.

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