Governance Of The European Monetary Union

Author : Colin Crouch
Publisher : OUP Oxford
Page : 304 pages
File Size : 41,5 Mb
Release : 2000-03-09
Category : Business & Economics
ISBN : 9780191522642

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After the Euro by Colin Crouch Pdf

Now that the process of full implementation of European Monetary Union has begun, it is time to shift attention away from the process of introduction to the implications that the common currency will have for a wide range of institutions and policy areas. The wider political and social institutions of the European Union are not well developed there is an institutional deficit which parallels the more widely know democratic deficit. Monetary arrangements of nation states are imbedded in a range of political, cultural, economic and historical factors. Will mechanisms of these kinds eventually develop at the European level? Can national structures adapt to meet the challenge? The contributors to After the Euro tackle these questions and in doing so, take the debate beyond the economic and sovereignty questions which have so far dominated the debate.

Author : Erik Jones,Francisco S. Torres
Publisher : Unknown
Page : 176 pages
File Size : 52,7 Mb
Release : 2016
Category : Europe
ISBN : 1315562111

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Governance of the European Monetary Union by Erik Jones,Francisco S. Torres Pdf

Author : Menelaos Markakis
Publisher : Oxford University Press
Page : 400 pages
File Size : 55,7 Mb
Release : 2020-04-02
Category : Law
ISBN : 9780192583956

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Accountability in the Economic and Monetary Union by Menelaos Markakis Pdf

Following the financial and public debt crisis, the EU's Economic and Monetary Union (EMU) has been under intense political scrutiny. The measures adopted in response to the crisis have granted additional powers to the EU (and national) authorities, the exercise of which can have massive implications for the economies of the Member States, financial institutions and, of course, citizens. The following questions arise: how can we hold accountable those institutions that are exercising power at the national and EU level? What is the appropriate level, type and degree of accountability and transparency that should be involved in the development of the EU's governance structures in the areas of fiscal and economic governance and the Banking Union? What is the role of parliaments and courts in holding those institutions accountable for the exercise of their duties? Is the revised EMU framework democratically legitimate? How can we bridge the gap between the citizens - and the institutions that represent them - and those institutions that are making these important decisions in the field of economic and monetary policy? This book principally examines the mechanisms for political and legal accountability in the EMU and the Banking Union. It examines the implications that the reforms of EU economic governance have had for the locus and strength of executive power in the Union, as well as the role of parliaments (and other political fora) and courts in holding the institutions acting in this area accountable for the exercise of their tasks. It further sets out several proposals regarding transparency, accountability, and legitimacy in the EMU.

Author : Anonim
Publisher : Academia Press
Page : 67 pages
File Size : 47,9 Mb
Release : 2024-06-29
Category : Electronic
ISBN : 9789038218021

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The Reform of European Economic Governance: Towards a Sustainable Monetary Union? (Egmont Papers 47) by Anonim Pdf

Author : Tobias Kunstein,Wolfgang Wessels
Publisher : Unknown
Page : 14 pages
File Size : 53,5 Mb
Release : 2013
Category : Citizenship
ISBN : OCLC:851535820

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The New Governance of the Economic and Monetary Union by Tobias Kunstein,Wolfgang Wessels Pdf

Reforms in response to the multiple crises affecting the European Union (EU) and the euro area since 2008 have transformed European governance considerably. This paper provides an overview of the main effects stemming from the introduction of innovative instruments over the past few years. It concludes that the evolution of the EU's architecture towards "more Europe" rooted in power-sharing between institutions at both European and national levels is likely to be complemented by "less Europe" in the sense of increasingly differentiated forms of integration.

Author : José Caetano,Isabel Vieira,António Caleiro
Publisher : Springer Nature
Page : 321 pages
File Size : 53,8 Mb
Release : 2021-02-22
Category : Business & Economics
ISBN : 9783030623722

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New Challenges for the Eurozone Governance by José Caetano,Isabel Vieira,António Caleiro Pdf

This book adopts a comprehensive approach, combining the views of economists and political scientists, to assess the threats of maintaining the non-collaborative stance that prevailed in the response to past crises, and to explore new solutions to the present emergency. The coronavirus pandemic represents a serious test for the continued existence of the European Monetary Union. It has worsened pre-existing divisions among its members and highlighted the urgent need to address institutional and governance problems that were already apparent in the aftermath of the financial crisis and sovereign debt crisis, but have now gained in relevance following the more widespread impact of the disease across the European Union. This book discusses concrete strategies to overcome the current challenges, focusing on the need to build an effective economic and monetary union. It also reflects on ways of pursuing conformity with discipline and coordination rules while also adopting a more collaborative stance that has so far been absent in the Eurozone and has consistently undermined the political and social dimensions of the common currency project.

Author : Michele Chang,Georg Menz,Mitchell P. Smith
Publisher : Routledge
Page : 246 pages
File Size : 48,7 Mb
Release : 2016-04-14
Category : Political Science
ISBN : 9781317639121

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Redefining European Economic Governance by Michele Chang,Georg Menz,Mitchell P. Smith Pdf

The global financial crisis and sovereign debt crisis exposed the inadequacy of European economic governance. Despite the multitude of new mechanisms and institutions that have arisen over the last few years, many contend that economic governance remains inadequate and the EU must integrate even further to calm still-volatile markets. A tension exists between creating effective instruments that will not overstep the authority delegated to an EU that has integrated economically but not politically. Can the EU’s economic governance system satisfy the demands of markets and politics? Relevant issues include the ability of supranational institutions to dictate policy to national governments, the harmonization of economic policies and institutions across Europe, and a substantial increase in the transfer of funds across borders. Can monetary union continue without political union? How will the new institutions alter the distribution of power between EU institutions as well as between member states? This edited volume analyzes the major policy challenges and institutional mechanisms at the EU- and international levels to combat the global financial crisis and the EU’s sovereign debt crisis such as financial integration, fiscal cooperation, and the rising power of the ECB. This book was published as a special issue of the Journal of European Integration.

Author : Amy Verdun
Publisher : Rowman & Littlefield
Page : 302 pages
File Size : 45,5 Mb
Release : 2002
Category : Business & Economics
ISBN : 0742518841

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The Euro by Amy Verdun Pdf

With euro banknotes and coins starting to circulate as of January 2002, this timely book comes at a crucial juncture for the European Union. Exploring the origins of and progress toward the introduction of the euro, the contributors focus on the importance of economic and monetary union (EMU) as part of the larger process of European integration. Thus, chapters consider the value and limits of a range of theoretical approaches for understanding economic and monetary integration, the pros and cons of EMU's institutional design, and country-specific experiences. With an international group of leading scholars representing a range of disciplines, this book offers a broad perspective on the dynamics of EMU.

Author : Rainer Eising,BEATE KOHLER-KOCH
Publisher : Routledge
Page : 342 pages
File Size : 48,8 Mb
Release : 2003-09-02
Category : Political Science
ISBN : 9781134608331

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The Transformation of Governance in the European Union by Rainer Eising,BEATE KOHLER-KOCH Pdf

The book presents a theoretically informed typology of modes of governance which is tested in a careful selection of comparative country and policy studies. At the core is the question whether the European Union is destined to a network type of governance and whether and how this type of governance will be translated into the member states. The individual chapters subject the governing patterns at European and national level to empirical scrutiny. Drawing on recent research findings in different issue areas - including monetary union, social affairs, environment, genetic engineering and market liberalisation in transport, banking, energy, professional services - the contributions highlight the impact of the European activities on policy-making process in the member states.

Author : David Howarth,Amy Verdun
Publisher : Routledge
Page : 0 pages
File Size : 53,6 Mb
Release : 2023-09-25
Category : Electronic
ISBN : 0367546027

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Economic and Monetary Union at Twenty by David Howarth,Amy Verdun Pdf

The contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus 'economic' union (less centralised governance); the second between those Euro Area member states of the so-called 'core' and those of the 'periphery'. EMU stands as one of the European Union's (EU) flagship integration achievements. Set up in 1999, with the large majority of EU member states at the time, EMU was described as 'asymmetrical' even prior to its start. From the outset, it involved asymmetrical integration in monetary and 'economic' union. Although a major element of the blueprint that paved the way for the final stage of EMU, the concept of 'economic' union was insufficiently developed. The second decade of the single currency gave rise to a second asymmetry, namely one between those Euro Area member states of the 'core' and those of the 'periphery'. The ten contributions to this volume speak to one or both of these asymmetries, covering the major political, political economy and policy dimensions of EMU and the ongoing debates about necessary policy and institutional reforms to overcome these asymmetries and bolster Euro Area stability. The outbreak of the Coronavirus (Covid-19) Crisis in 2020 created unprecedented socio-economic challenges for Euro Area member states, heightening the perceived urgency of reform. The chapters in this book were originally published as a special issue of the Journal of European Integration.

Author : Kenneth H. F. Dyson,Lucia Quaglia
Publisher : Unknown
Page : 0 pages
File Size : 52,5 Mb
Release : 2010
Category : Business & Economics
ISBN : 019959452X

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European Economic Governance and Policies: Commentary on key policy documents by Kenneth H. F. Dyson,Lucia Quaglia Pdf

The creation of the single European currency and of the European Central Bank in the context of a wider economic and political union has been one of the most important projects of institution-building and policy development in post-1945 Europe. This book seeks both to place this project in itslonger-term historical context and to complement the many secondary texts on this highly topical subject. It brings together for the first time, and offers analytical commentary on, the classic documents relevant to the process of constructing and developing European economic governance based onEconomic and Monetary Union (EMU). The book includes the key documents concerned with developing and implementing policies from the period of inception and launch of European monetary union on 1 January 1999 to the end of its first decade and the onset of the global financial and economic crisis.The book makes available a large collection of documents about the policies and governance of the European economy, based around the creation of EMU. They are presented in a convenient and accessible form both for scholars and students and for market and policy practitioners concerned with thedevelopment of Europe's political economy. Those who are new to the subject should benefit from easy access to basic texts and related commentaries and references. Those who are more familiar with EMU will have a single key source of comprehensive and up-to-date references in terms of which past andcurrent debates and policies have been framed. The primary sources that are made available here would otherwise be costly to access and use. In many cases documents have been rescued from obscurity. Their availability should help to inform and enrich public debate about the historical development ofEMU and how the European economy is governed. In addition, the book offers extensive commentaries at the beginning of each section as well as on individual documents that seek to clarify changes in meanings and understandings over time and the background to these changes.

Author : Mark Dawson,Henrik Enderlein,Christian Joerges
Publisher : Oxford University Press
Page : 300 pages
File Size : 55,7 Mb
Release : 2015-12-10
Category : Political Science
ISBN : 9780191067136

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Beyond the Crisis by Mark Dawson,Henrik Enderlein,Christian Joerges Pdf

In the wake of the euro crisis, the European Union has been transformed in many ways. Is it now on the right track? The euro crisis, the steps taken to manage it, and the resulting transformations have triggered a necessary process of reconsidering economic governance in the European Union. This volume— the third in a series of annual editions tackling different aspects of governance— examines the long list of open political, legal, and economic questions related to the functioning and fundamental structure of the Union as a whole and the economic and monetary union in particular. Organised in three main sections, the contributions to this collection bring the perspectives of different academic disciplines to bear on the functional aspects of economic governance, the institutional transformations that have taken place, and their implications for the Union's legitimacy. A separate chapter looks at inequalities in perceptions of economic conditions and well-being within the European Union to identify trends particularly during the eurozone crisis. In doing so, the chapters in this volume take stock of the current situation, shed light on the dilemmas and challenges that must be recognised and addressed, and explore various options for the way ahead. The collection's ultimate goal is to assess whether the recent transformations lead EU governance in the right direction or require further adjustment.

Author : Nicolas Jabko
Publisher : Unknown
Page : 76 pages
File Size : 44,7 Mb
Release : 2011
Category : Banks and banking
ISBN : 9186107240

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Which Economic Governance for the European Union? by Nicolas Jabko Pdf

Sovereignty over the Economic and Monetary Union, EMU, is divided. Monetary policy is unified at the European level while economic policy is in essence national. The debate on how the economic part of the EMU could be given a content so as to prevent future crises has been re-ignited during the very turbulent period with banking and debt crises. Presently the process is at a critical juncture and the decisions made may have far reaching consequences also for non-Euro countries like Sweden. At the seminar on 21 March Professor Nicolas Jabko will present a new report where he analyses the ideas of a gouvernement économique and outlines the measures which have been discussed and implemented. He identifies three central problems--or boundary conditions--which dictates guidelines for stronger economic governance in the short term. First, the member states are not willing to approve any kind of transfer union. This dictates that member states must find better ways to enlist the support of financial markets for debt consolidation and financial discipline. Second, the member states are reluctant to delegate more power to Brussels. This implies, according to Jabko, that the debt consolidation framework must be externalized to non-EU bodies or independent European agencies as much as possible. Third, the member states are reluctant to see their autonomy curtailed. A new economic governance framework must therefore give as much say to the governments in the decision-making process. In the long run, a need to rebalance the divided sovereignty within the EU is almost certain to emerge. The report is part of the research project The Economic and Monetary Union"--Publisher's description.

Author : Francisco S. Torres,Amy Verdun,Hubert Zimmermann
Publisher : Nomos Verlagsgesellschaft
Page : 338 pages
File Size : 47,6 Mb
Release : 2006
Category : Business & Economics
ISBN : STANFORD:36105123569415

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EMU Rules by Francisco S. Torres,Amy Verdun,Hubert Zimmermann Pdf

This text explores issues of economic and political governance in the European Monetary Union (EMU). Combining the perspectives of economics, law, political science, and historical research, the book provides an up-to-date analysis of the development of the Eurozone and assesses the prospects for the economic and political sustainability of the euro. Based on the revised proceedings of the First Alumni Conference of the European University Institute, Florence, in 2003, the contributors discuss the problem of democratic governance and an alleged democratic deficit in the Eurozone in the wake of the failure of the EU Constitutional Treaty. A further focus is the future of macro-economic cooperation in the framework of the recently reformed Stability and Growth Pact. Will the Eurozone members be able to harmonize their policies so as to avoid a progressive weakening of economic coordination? The third part of the volume deals with the role of the euro as international currency - in particular with regard to the dollar - and as regional anchor for countries in geographical proximity to the EU.

Author : Franco Praussello
Publisher : FrancoAngeli
Page : 288 pages
File Size : 46,8 Mb
Release : 2012
Category : Business & Economics
ISBN : 9788820406202

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The Eurozone Experience by Franco Praussello Pdf