The European Monetary Union After The Crisis

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The European Monetary Union After the Crisis

Nazaré da Costa Cabral
The European Monetary Union After the Crisis Book PDF

Author : Nazaré da Costa Cabral
Publisher : Routledge
Page : 317 pages
File Size : 49,5 Mb
Release : 2020-06-09
Category : Business & Economics
ISBN : 9781000096545

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The European Monetary Union After the Crisis by Nazaré da Costa Cabral Pdf

This book provides a much-needed detailed analysis of the evolution of Europe over the last decade, as well as a discussion about the path of reform that has been trodden in the aftermath of the financial crisis. It offers a multidisciplinary view of the E(M)U and captures the main factors that induced the reform of the monetary union – a process that has not been linear and is far from being concluded. The author examines the policy responses designed throughout the development of the crisis and assesses the scale of the crisis in Europe, in comparison to other parts of the world, as well as its prolonged effects both in economic and financial terms. An update on the current ‘state of the art’ in the conception of risk-sharing mechanisms is provided. With its innovative approach, the book analyses the financing issues which need to be taken into consideration in the design of these instruments and highlights the main categories of governmental risk-sharing mechanisms – in particular, the ones to be used as ‘fiscal capacity’. This is a timely and topical book and will be of interest to a broad audience, including experts, scholars and students of European affairs, particularly those with economic, financial, legal and political science backgrounds.

Crisis in the European Monetary Union

Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi
Crisis in the European Monetary Union Book PDF

Author : Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi
Publisher : Routledge
Page : 298 pages
File Size : 40,9 Mb
Release : 2017-12-22
Category : Business & Economics
ISBN : 9781134867530

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Crisis in the European Monetary Union by Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi Pdf

After decades of economic integration and EU enlargement, the economic geography of Europe has shifted, with new peripheries emerging and the core showing signs of fragmentation. This book examines the paths of the core and peripheral countries, with a focus on their diverse productive capabilities and their interdependence. Crisis in the European Monetary Union: A Core-Periphery Perspective provides a new framework for analysing the economic crisis that has shaken the Eurozone countries. Its analysis goes beyond the short-term, to study the medium and long-term relations between ‘core’ countries (particularly Germany) and Southern European ‘peripheral’ countries. The authors argue that long-term sustainability means assigning the state a key role in guiding investment, which in turn implies industrial policies geared towards diversifying, innovating and strengthening the economic structures of peripheral countries to help them thrive. Offering a fresh angle on the European crisis, this volume will appeal to students, academics and policymakers interested in the past, present and future construction of Europe.

Monetary Integration in Europe

Horst Tomann
Monetary Integration in Europe Book PDF

Author : Horst Tomann
Publisher : Springer
Page : 246 pages
File Size : 54,8 Mb
Release : 2017-09-15
Category : Business & Economics
ISBN : 9783319592473

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Monetary Integration in Europe by Horst Tomann Pdf

This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a historical analysis. The book discusses in detail basic issues with currency and comprehensively analyzes monetary policy, highlighting problems of policy coordination. Tomann explores new monetary institutions that have been established in response to the financial crisis, before addressing long-term issues and reviewing reform proposals. By focusing on monetary issues the book offers a better understanding of macroeconomic policies and international policy cooperation, and, by extension, provides a thorough economic assessment of the EMU as an institution as it stands today.

Monetary Union in Crisis

B. Moss
Monetary Union in Crisis Book PDF

Author : B. Moss
Publisher : Springer
Page : 336 pages
File Size : 54,6 Mb
Release : 2004-12-09
Category : Business & Economics
ISBN : 9780230524002

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Monetary Union in Crisis by B. Moss Pdf

This volume presents a radical reinterpretation of the European Community or Union as a neo-liberal construction. It was neo-liberal rather than classically liberal because it was designed and used as an external instrument to weaken the interventionist welfare state that protected working people and strengthened the hand of labor. It was founded on the vision of a free market untrammelled by public intervention and worked to ensure competition, sound money and profitability against the inflationary force of workers and unions and the welfare state. Monetary union in particular restored profitability but produced slow growth, mass unemployment, and insecurity and came under challenge, most dramatically in France, by working people from below. This view is substantiated by an economically based study of member-state performance and complemented by a series of national studies on the monetarist turn by leading scholars.

Making the European Monetary Union

Harold James
Making the European Monetary Union Book PDF

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 53,9 Mb
Release : 2012-11-19
Category : Business & Economics
ISBN : 9780674070943

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Making the European Monetary Union by Harold James Pdf

Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.

The European Union After the Crisis

Hugo Radice
The European Union After the Crisis Book PDF

Author : Hugo Radice
Publisher : Routledge
Page : 117 pages
File Size : 50,6 Mb
Release : 2017-10-02
Category : Political Science
ISBN : 9781317495611

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The European Union After the Crisis by Hugo Radice Pdf

The global financial and economic crisis struck the European Union and its member states with particular force from 2009 onwards. The immediate problem was the knock-on effects of the crisis on each country’s public finances. Bank bail-outs imposed a massive increase in sovereign debt on member states, while the economic recession unavoidably led to ballooning budget deficits via the usual mechanisms of reduced taxes and increased welfare spending. Subsequently, the Eurozone sovereign debt crisis exposed the hidden weaknesses in the monetary and financial arrangements that had accompanied the launch of the Euro; the severe economic imbalance between member states, rooted in longer-term structural divergences, and the inadequate institutional mechanisms for resolving these difficulties. This book originated from an EU-funded international research network on "Systemic Risks, Financial Crises and Credit: the Roots, Dynamics and Consequences of the Sub-Prime Crisis". Contributions explore and evaluate some of the ways in which the institutions and policies of the European Union and its member states have changed in response to the problems brought about by the crisis. This book was originally published as a special issue of the Journal of Contemporary European Studies.

The Creation of the European Monetary Union (EMU)

Ramona Kraft
The Creation of the European Monetary Union EMU Book PDF

Author : Ramona Kraft
Publisher : GRIN Verlag
Page : 25 pages
File Size : 46,9 Mb
Release : 2007-09-26
Category : Electronic
ISBN : 9783638788687

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The Creation of the European Monetary Union (EMU) by Ramona Kraft Pdf

Essay from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1,4, Dublin City University (Business School), course: Course EU Politics, 14 entries in the bibliography, language: English, abstract: The creation of the European and Monetary Union (EMU) has been one of the most determined and successful projects carried out by the European Union (EU) - and it is still in progress since eleven EU-countries are, following the Maastricht treaty, legally required to join the Eurozone as soon as they meet the convergence criteria. The reasons for the creation of EMU have been widely discussed among scholars; some focus on the request for political integration that would resulted from an EMU, some claim that the EMU was established to promote growth and investment. The assignment will hence "discuss how the creation of EMU was both an economic and politically driven process". Chapter 1 outlines events and agreements which indirectly led to the EMU. Chapter 2 assesses the Delors Report and the Stability and Growth Pact (SGP) which affect EMU directly . Chapter 3 concludes by analysing the mentioned 30-year process leading to the EMU and gives a brief outlook. This approach has been chosen because it is essential to study the historical events leading to the Delors Report and finally the Treaty on European Union (TEU) in order to analyse the creation of EMU.

The Future of the Euro

Matthias Matthijs,Mark Blyth
The Future of the Euro Book PDF

Author : Matthias Matthijs,Mark Blyth
Publisher : Oxford University Press, USA
Page : 369 pages
File Size : 54,9 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780190233242

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The Future of the Euro by Matthias Matthijs,Mark Blyth Pdf

'The Future of the Euro' is an attempt by political economists to analyse the fundamental causes of the euro crisis, determine how it can be fixed, and consider what likely futures lie ahead for the currency. The book makes three interrelated arguments that emphasize the primacy of political over economic factors. It concludes that any successful long-term solution to the euro's predicament must start with the political foundations of markets.

The Euro Crisis and Its Aftermath

Jean Pisani-Ferry
The Euro Crisis and Its Aftermath Book PDF

Author : Jean Pisani-Ferry
Publisher : Oxford University Press
Page : 225 pages
File Size : 46,5 Mb
Release : 2014-04-01
Category : Business & Economics
ISBN : 9780199395910

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The Euro Crisis and Its Aftermath by Jean Pisani-Ferry Pdf

The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The eruption of the Greek crisis in 2010 took European policymakers by surprise and forced them to design responses to a quickly deteriorating situation. Even though Europe has final begun to stabilize, the disparity between the prosperous Northern countries, especially Germany, and the plummeting Southern countries, including Spain and Greece, has exacerbated economic and political problems within the Eurozone. Amidst loud and frequent debates, solutions have been enacted, but the struggles facing this monetary union continue to develop even today. The Euro Crisis and Its Aftermath was written to inform readers about the roots of this enduring European crisis and the alternative proposals for ending it. In four parts, Jean Pisani-Ferry explains the origins of the European currency, the build-up of imbalances and oversights that led to the crisis, the choices European policymakers have both addressed and ignored since 2010, and the evolution of the policy agenda and possible options for the future. The book is as much of an informative and analytical history as it is a discussion of solutions for a more prosperous European economy. Rather than putting forth and supporting a thesis, Pisani-Ferry helps readers understand the past and present of the euro crisis and form their own opinions about potential solutions. This book is not intended to reach only economists, as time has long passed since European monetary unification was a debate limited to academics. This book is also for the policy makers searching for solutions, citizens of Europe enduring the consequences, and the international community that has felt the effects of an unstable Eurozone.

The European Monetary Union

Nicola Acocella
The European Monetary Union Book PDF

Author : Nicola Acocella
Publisher : Cambridge University Press
Page : 489 pages
File Size : 54,6 Mb
Release : 2020-08-27
Category : Business & Economics
ISBN : 9781108840873

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The European Monetary Union by Nicola Acocella Pdf

Analyzes the roots of Europe's economic decline, examining institutions of the European Union and exploring possibilities for reform.

Europe and the Euro

Enrico Marelli,Marcello Signorelli
Europe and the Euro Book PDF

Author : Enrico Marelli,Marcello Signorelli
Publisher : Springer
Page : 182 pages
File Size : 51,7 Mb
Release : 2016-11-17
Category : Business & Economics
ISBN : 9783319457291

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Europe and the Euro by Enrico Marelli,Marcello Signorelli Pdf

This book offers a fresh perspective on the recent Eurozone "double crisis" and its related economic policies. The authors present empirical evidence which sheds new light on the growing economic and political debate on the future of the Euro, the Eurozone and the EU. The book investigates and assesses the impact of the crisis with particular reference to monetary and fiscal policy, whose protracted austerity approach has dampened economic growth. In their discussion of the long-run European integration process, the authors emphasize the original weaknesses in the construction of the European Monetary Union and examine its failure to respond to the recent crisis. The concluding chapter focuses on the need for crucial reform in European governance and discusses the impact of the UK’s recent EU membership referendum. Scholars, students and members of the general public with an interest in the future of the Eurozone will find this work thought-provoking, instructive and highly informative.

The Monetary Economics of Europe

Christopher Johnson,Stefan Collignon
The Monetary Economics of Europe Book PDF

Author : Christopher Johnson,Stefan Collignon
Publisher : Fairleigh Dickinson Univ Press
Page : 328 pages
File Size : 44,7 Mb
Release : 1994
Category : Business & Economics
ISBN : 0838636071

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The Monetary Economics of Europe by Christopher Johnson,Stefan Collignon Pdf

Based on research commissioned by the European Parliament, this volume allows the economists contributing to offer their own explanations for the collapse of the European Monetary System, with the use of economic models.

Europe's path to crisis

Tom Gallagher
Europe s path to crisis Book PDF

Author : Tom Gallagher
Publisher : Manchester University Press
Page : 408 pages
File Size : 50,9 Mb
Release : 2014-12-01
Category : Political Science
ISBN : 9781847799364

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Europe's path to crisis by Tom Gallagher Pdf

The EU’s single currency crisis and the ensuing human costs have led to Europe’s biggest disaster since 1945. This book examines each of its stages and the political and social impact, and reveals the longer-term origins of the crisis, particularly the failure of elites to promote a genuine European partnership grounded in democratic values and a desire to co-exist with a national outlook. The author defends an orderly retreat from the existing model of monetary union, arguing that an alternative is needed in order for countries enduring a prolonged slump to recover, and recommending that EU chiefs should also treat the nation-state as a partner in a common emergency that needs to be overcome. This jargon-free, insightful and long-term analysis of a dangerous crisis is an invaluable book for academics and students alike. It is also an effective tool for policy-makers, citizens and business people who require an accessible and in-depth appraisal of a continuing catastrophe.

Accountability in the Economic and Monetary Union

Menelaos Markakis
Accountability in the Economic and Monetary Union Book PDF

Author : Menelaos Markakis
Publisher : Oxford University Press
Page : 400 pages
File Size : 44,8 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.

Financial Regulation in the European Union After the Crisis

Domenica Tropeano
Financial Regulation in the European Union After the Crisis Book PDF

Author : Domenica Tropeano
Publisher : Routledge
Page : 179 pages
File Size : 54,8 Mb
Release : 2018-01-12
Category : Business & Economics
ISBN : 9781317211433

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Financial Regulation in the European Union After the Crisis by Domenica Tropeano Pdf

In the wake of the financial crisis, new regulatory measures were introduced which, along with changes in monetary and macroeconomic policy, have transformed the global financial structure. However, this new financial structure displays various fragilities. A new shadow banking system has grown both inside and outside the traditional banks and the divergence between core and periphery countries’ banks has increased further due to both the new regulations and the European Central Bank’s very peculiar interventions. Following Minsky’s approach, this volume explores the interplay between monetary policy, regulation and institutions in the aftermath of the great financial crisis. Minsky’s insights are used to interpret the recent regulatory changes and consider how they have affected the evolution of banks and financial markets. The unfortunate conclusion is that the changes in financial regulation introduced in various jurisdictions and inspired by the work of the Basel Committee, have not succeeded in thwarting the instability of the economic system. Instead, the mix of policies implemented so far has brought about increased fragility in the financial system. Minksy’s work on financial stability offers alternative solutions which policy-makers need to consider to resolve these issues. Financial Regulation in the European Union After the Crisis is an important volume for those who study political economy, banking and monetary economics.