Multi Level Finance And The Euro Crisis

Author : Ehtisham Ahmad,Massimo Bordignon,Giorgio Brosio
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 43,8 Mb
Release : 2016-01-29
Category : Business & Economics
ISBN : 9781784715113

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Multi-level Finance and the Euro Crisis by Ehtisham Ahmad,Massimo Bordignon,Giorgio Brosio Pdf

Representing a unique contribution to the analysis and discussion of the unfolding Eurozone crisis in terms of the relationship between central and local government, this book addresses a number of important fiscal and political economy questions. To what extent have local and regional governments contributed to the crisis? To what degree have sub-national services and investments borne the brunt of the adjustments? How have multi-level fissures affected tensions between different levels of government from the supranational to the local? This volume covers these and many other critical issues that have been largely ignored despite their relevance. The book first addresses general issues of fiscal coordination and management across levels of government in the context of incentives, which can be altered by the existence of a supranational tier. The country-specific chapters, prepared by leading experts, provide a thorough review of the key problems of multi-levels of government in the biggest economies in the Eurozone (France and Germany) and Southern Europe (Portugal, Spain, Italy and Greece). In further chapters the juxtaposition of Barcelona and Turin provides an opportunity to evaluate large investments in a multi-level context, associated, in this case, with the Olympics. Macedonia provides a discussion of the related issues in an EU accession country. As a whole, the book explores the long-term impact of the crisis on local service delivery and investment, and the consequences for sustainable growth and political cohesion. It also offers rarely found insights and suggestions to increase the stability and strength of multi-level European institutions. This is an enlightening resource for all those, from academics and graduates to policy makers and practitioners, seeking a comprehensive understanding of European fiscal, federal and financial issues.

Author : Scott James,Lucia Quaglia
Publisher : Oxford University Press
Page : 331 pages
File Size : 52,7 Mb
Release : 2020-02-06
Category : Political Science
ISBN : 9780192564207

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The UK and Multi-level Financial Regulation by Scott James,Lucia Quaglia Pdf

The UK and Multi-level Financial Regulation examines the role of the United Kingdom (UK) in shaping post-crisis financial regulatory reform, and assesses the implications of the UK's withdrawal from the European Union (EU). It develops a domestic political economy approach to examine how the interaction of three domestic groups - elected officials, financial regulators, and the financial industry - shaped UK preferences, strategy, and influence in international and EU-level regulatory negotiations. The framework is applied to five case studies: bank capital and liquidity requirements; bank recovery and resolution rules; bank structural reforms; hedge fund regulation; and the regulation of over-the-counter derivatives. It concludes by reflecting on the future of UK financial regulation after Brexit. The book argues that UK regulators pursued more stringent regulation when they had strong political support to resist financial industry lobbying. UK regulators promoted international harmonisation of rules when this protected the competitiveness of industry or enabled cross-border externalities to be managed more effectively; but were often more resistant to new EU rules when these threatened UK interests. Consequently, the UK was more successful at shaping international standards by leveraging its market power, regulatory capacity, and alliance building (with the US). But it often met with greater political resistance at the EU level, forcing it to use legal challenges to block reform or secure exemptions. The book concludes that political and regulatory pressure was pivotal in defining the UK's 'hard' Brexit position, and so the future UK-EU relationship in finance will most likely be based on a framework of regulatory equivalence.

Author : Ivano Cardinale,D'Maris Coffman,Roberto Scazzieri
Publisher : Cambridge University Press
Page : 589 pages
File Size : 42,9 Mb
Release : 2017-10-12
Category : Business & Economics
ISBN : 9781107124011

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The Political Economy of the Eurozone by Ivano Cardinale,D'Maris Coffman,Roberto Scazzieri Pdf

This book proposes a new way of thinking about the Eurozone, exploring the overlap between its economic and political interdependencies.

Author : Nazaré da Costa Cabral,José Renato Gonçalves,Nuno Cunha Rodrigues
Publisher : Springer
Page : 366 pages
File Size : 40,5 Mb
Release : 2016-11-30
Category : Business & Economics
ISBN : 9783319457109

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The Euro and the Crisis by Nazaré da Costa Cabral,José Renato Gonçalves,Nuno Cunha Rodrigues Pdf

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that European political leaders will face in the months to come. Furthermore, its interdisciplinary approach embraces economic, financial and legal perspectives, so as to ensure the global coherence and comprehensiveness of its content. The contributors to this volume are prominent experts from the areas of Economics, Finance, Law, and Political Science, offering readers a multifaceted view of the topics discussed.

Author : Scott James,Lucia Quaglia
Publisher : Oxford University Press
Page : 256 pages
File Size : 49,9 Mb
Release : 2020-02-06
Category : Political Science
ISBN : 9780192564191

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The UK and Multi-level Financial Regulation by Scott James,Lucia Quaglia Pdf

The UK and Multi-level Financial Regulation examines the role of the United Kingdom (UK) in shaping post-crisis financial regulatory reform, and assesses the implications of the UK's withdrawal from the European Union (EU). It develops a domestic political economy approach to examine how the interaction of three domestic groups - elected officials, financial regulators, and the financial industry - shaped UK preferences, strategy, and influence in international and EU-level regulatory negotiations. The framework is applied to five case studies: bank capital and liquidity requirements; bank recovery and resolution rules; bank structural reforms; hedge fund regulation; and the regulation of over-the-counter derivatives. It concludes by reflecting on the future of UK financial regulation after Brexit. The book argues that UK regulators pursued more stringent regulation when they had strong political support to resist financial industry lobbying. UK regulators promoted international harmonisation of rules when this protected the competitiveness of industry or enabled cross-border externalities to be managed more effectively; but were often more resistant to new EU rules when these threatened UK interests. Consequently, the UK was more successful at shaping international standards by leveraging its market power, regulatory capacity, and alliance building (with the US). But it often met with greater political resistance at the EU level, forcing it to use legal challenges to block reform or secure exemptions. The book concludes that political and regulatory pressure was pivotal in defining the UK's 'hard' Brexit position, and so the future UK-EU relationship in finance will most likely be based on a framework of regulatory equivalence.

Author : Richard E. Baldwin,Francesco Giavazzi
Publisher : Unknown
Page : 128 pages
File Size : 44,6 Mb
Release : 2015
Category : Electronic
ISBN : 1907142932

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The Eurozone Crisis by Richard E. Baldwin,Francesco Giavazzi Pdf

Author : Miguel Otero-Iglesias
Publisher : Routledge
Page : 327 pages
File Size : 46,7 Mb
Release : 2014-09-19
Category : Political Science
ISBN : 9781317636755

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The Euro, The Dollar and the Global Financial Crisis by Miguel Otero-Iglesias Pdf

This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system. In this highly innovative and important book, Otero-Iglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics.

Author : Lena Bendlin
Publisher : Springer
Page : 318 pages
File Size : 53,7 Mb
Release : 2019-05-13
Category : Political Science
ISBN : 9783658265069

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Orchestrating Local Climate Policy in the European Union by Lena Bendlin Pdf

Can we sidestep tedious climate policy negotiations and forge a coalition of the willing instead? Many international organizations and scholars hope to spur local climate action by orchestration, indirect and voluntary governance arrangements. Lena Bendlin looks beyond the apparent success of voluntary initiatives using the example of the Covenant of Mayors, often heralded as an exemplary multi-level EU initiative. Five in-depth case studies show why, how, and with what difficulties local governments engage in this voluntary commitment scheme. The analysis identifies durability, intensity, and causality as crucial building blocks for more cautious orchestration theorizing and derives recommendations for appropriate incentives and support at the regional, national, and international level.

Author : Andrew Dowling
Publisher : Routledge
Page : 194 pages
File Size : 49,5 Mb
Release : 2017-12-01
Category : Political Science
ISBN : 9781317169444

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The Rise of Catalan Independence by Andrew Dowling Pdf

As recently as the mid-2000s, Catalonia was described and analysed by scholars as exhibiting a non-secessionist nationalism and was seen within Europe and beyond as a role model for successful devolution which had much to teach other parts of the world. The Spanish state seemed to be on a journey towards an authentic federal order and was generally admired. However, the new century has been marked by an ever-growing independence movement, with 47.8 per cent of Catalonia voting in favour of independence in September 2015. Pro-independence mobilization has produced a rupture in political relations with the rest of Spain leading to a sovereignty struggle with Madrid. This book explores how an accumulation of long-, medium- and short-term factors have produced the current situation and why the Spanish territorial model has been unable or possibly, unwilling, to respond. The Catalan question is not purely a Spanish problem: it has direct implications for the traditional nation-state model, in Europe and beyond.

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 55,9 Mb
Release : 2011-05-01
Category : Political Science
ISBN : 9781616405410

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The Financial Crisis Inquiry Report by Financial Crisis Inquiry Commission Pdf

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Author : René Geissler,Gerhard Hammerschmid,Christian Raffer
Publisher : Springer Nature
Page : 354 pages
File Size : 47,6 Mb
Release : 2021-04-20
Category : Law
ISBN : 9783030674663

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Local Public Finance by René Geissler,Gerhard Hammerschmid,Christian Raffer Pdf

This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundation (Germany) and supported by a network of researchers from many EU countries. It analyzes both the regimes and the practices of local fiscal regulation in 21 European countries. The book brings together key findings of this research project. The regulatory discussion is not limited to the prominent issue of fiscal rules but focuses on every component of regulation. Beyond this, the book covers affiliated topics such as the impact of regulation for local governments, evolution of regulation, administrative costs and crisis prevention. The various book chapters throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and national lenses for the analysis. Furthermore, the authors investigate the effects of budgetary constraints and higher-level regulatory efforts on local governments and on democracy and public services in every European country. This book fills a gap with respect to the lack of discussion on local government finance from an international, comparative perspective and, in particular, the regulation of local public finance. With its mix of authors, this book will be useful for practitioners as well as for scholars and for theory-driven research.

Author : Teresa Ruel
Publisher : Springer Nature
Page : 157 pages
File Size : 44,6 Mb
Release : 2020-09-30
Category : Political Science
ISBN : 9783030538408

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Political Alternation in the Azores, Madeira and the Canary Islands by Teresa Ruel Pdf

“In this innovative study, Dr Ruel explores why political alternation—a bedrock of democratic functioning—has been largely absent in three under-studied regions in Portugal and Spain. Focusing on Madeira, the Azores and the Canary Islands, this book explains how party competition, intra-party democracy and regional economic performance have contributed to political party stasis since the return of democracy in the mid-1970s.” —Paul M. Heywood, Sir Francis Hill Professor of European Politics seconded 0.5 FTE to Global Integrity, Washington DC (2018-21), Faculty of Social Science, University of Nottingham, UK This book is about political alternation. It’s about parties and politicians. It’s about power and resources employed to secure longevity in power over time at Azores, Madeira and the Canary Islands. This book explores the phenomenon of political alternation through an in-depth contextual understanding of the path of regional historical legacies at democratization and decentralization processes started in the 1970s; the institutional architectures and the scope of regional authority endowed in those regions; the specific dynamics of regional politics; and the constellation of political parties and actors and the regional elections results, as well as contextual factors that might explain why some political parties have better performances than other at regional elections. Throughout comparative lessons Ruel seeks to highlight the range of factors that affect regional electoral dynamics and outcomes and to develop a comprehensive understanding of the drivers of long-standing incumbency (Azores and Canary Islands) or the absence of political alternation (Madeira) within regional democracies.

Author : Alice Valdesalici,Francesco Palermo
Publisher : BRILL
Page : 409 pages
File Size : 49,9 Mb
Release : 2018-03-06
Category : Law
ISBN : 9789004340954

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Comparing Fiscal Federalism by Alice Valdesalici,Francesco Palermo Pdf

Comparing Fiscal Federalism investigates intergovernmental financial relations and the current allocation of financial and fiscal powers in compound states from a comparative and interdisciplinary perspective. Theoretical approaches and case studies provide a comprehensive analysis of recent developments and emerging trends.

Author : Corrado Macchiarelli,Mara Monti,Claudia Wiesner,Sebastian Diessner
Publisher : Springer Nature
Page : 197 pages
File Size : 51,9 Mb
Release : 2020-08-25
Category : Political Science
ISBN : 9783030443481

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The European Central Bank between the Financial Crisis and Populisms by Corrado Macchiarelli,Mara Monti,Claudia Wiesner,Sebastian Diessner Pdf

​In light of the handover from the European Central Bank President Mario Draghi to Christine Lagarde in November 2019, this book provides an in-depth analysis of the events which unfolded since the euro area sovereign debt crisis in 2010 up until today. The book focuses on the far-reaching implications of the last decade, shedding light on a wide spectrum of political, economic and financial aspects of the European poly-crises and how monetary policy reacted to these challenges. The book places particular emphasis on the tensions that the supranational central bank was subject to during this period, and on their outcomes in terms of the policies, their legitimacy, and their public reception. As such, this book will be relevant not only to understand the political implications of the past crisis but also, and foremost, in understanding "what is next".

Author : Desmond Dinan,Neill Nugent,William E. Paterson
Publisher : Bloomsbury Publishing
Page : 418 pages
File Size : 49,6 Mb
Release : 2017-09-09
Category : Political Science
ISBN : 9781350312739

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The European Union in Crisis by Desmond Dinan,Neill Nugent,William E. Paterson Pdf

The European Union (EU) is in crisis. The crisis extends beyond Brexit, the fluctuating fortunes of the eurozone and the challenge of mass migration. It cuts to the core of the EU itself. Trust is eroding; power is shifting; politics are toxic; disillusionment is widespread; and solidarity has frayed. In this major new text leading academics come together to unpack all dimensions of the EU in crisis, and to analyse its implications for the EU, its member states and the ongoing study of European integration.