The Economics of Monetary Unions

The Economics of Monetary Unions PDF Author: Juan E. Castañeda
Publisher: Routledge
ISBN: 1000036790
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.

The Economics of Monetary Unions

The Economics of Monetary Unions PDF Author: Juan E. Castañeda
Publisher: Routledge
ISBN: 1000036790
Category : Business & Economics
Languages : en
Pages : 271

Get Book Here

Book Description
In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.

The Eurozone Experience

The Eurozone Experience PDF Author: Franco Praussello
Publisher: FrancoAngeli
ISBN: 8820406209
Category : Business & Economics
Languages : en
Pages : 288

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Book Description


Crisis in the Eurozone

Crisis in the Eurozone PDF Author: Costas Lapavitsas
Publisher: Verso Books
ISBN: 1844679691
Category : Political Science
Languages : en
Pages : 273

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Book Description
First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.

Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume I

Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume I PDF Author: Michael Landesmann
Publisher: Palgrave Macmillan
ISBN: 9783030576851
Category : Political Science
Languages : en
Pages : 328

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Book Description
This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage

The Brussels Effect

The Brussels Effect PDF Author: Anu Bradford
Publisher: Oxford University Press
ISBN: 0190088591
Category : Law
Languages : en
Pages : 425

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Book Description
For many observers, the European Union is mired in a deep crisis. Between sluggish growth; political turmoil following a decade of austerity politics; Brexit; and the rise of Asian influence, the EU is seen as a declining power on the world stage. Columbia Law professor Anu Bradford argues the opposite in her important new book The Brussels Effect: the EU remains an influential superpower that shapes the world in its image. By promulgating regulations that shape the international business environment, elevating standards worldwide, and leading to a notable Europeanization of many important aspects of global commerce, the EU has managed to shape policy in areas such as data privacy, consumer health and safety, environmental protection, antitrust, and online hate speech. And in contrast to how superpowers wield their global influence, the Brussels Effect - a phrase first coined by Bradford in 2012- absolves the EU from playing a direct role in imposing standards, as market forces alone are often sufficient as multinational companies voluntarily extend the EU rule to govern their global operations. The Brussels Effect shows how the EU has acquired such power, why multinational companies use EU standards as global standards, and why the EU's role as the world's regulator is likely to outlive its gradual economic decline, extending the EU's influence long into the future.

Economic Crisis, Health Systems and Health in Europe

Economic Crisis, Health Systems and Health in Europe PDF Author: Sarah Thomson
Publisher: Open University Press
ISBN: 9780335264001
Category : Europe
Languages : en
Pages : 0

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Book Description
Economic shocks pose a threat to health and health system performance by increasing people's need for health care and making access to care more difficult - a situation compounded by cuts in public spending on health and other social services. But these negative effects can be avoided by timely public policy action. While important public policy levers lie outside the health sector, in the hands of those responsible for fiscal policy and social protection, the health system response is critical. This book looks at how health systems in Europe reacted to pressure created by the financial and economic crisis that began in 2008. Drawing on the experience of over 45 countries, the authors:' analyse health system responses to the crisis in three policy areas: public funding for the health system; health coverage; and health service planning, purchasing and delivery 'assess the impact of these responses on health systems and population health' identify policies most likely to sustain the performance of health systems facing financial pressure' explore the political economy of implementing reforms in a crisisThe book is essential reading for anyone who wants to understand the choices available to policy-makers - and the implications of failing to protect health and health-system performance - in the face of economic and other forms of shock.--

The Left Case Against the EU

The Left Case Against the EU PDF Author: Costas Lapavitsas
Publisher: John Wiley & Sons
ISBN: 1509531084
Category : Political Science
Languages : en
Pages : 160

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Book Description
Many on the Left see the European Union as a fundamentally benign project with the potential to underpin ever greater cooperation and progress. If it has drifted rightward, the answer is to fight for reform from within. In this iconoclastic polemic, economist Costas Lapavitsas demolishes this view. He contends that the EU’s response to the Eurozone crisis represents the ultimate transformation of the union into a neoliberal citadel that institutionally embeds austerity, privatization, and wage cuts. Concurrently, the rise of German hegemony has divided the EU into an unstable core and dependent peripheries. These related developments make the EU impervious to meaningful reform. The solution is therefore a direct challenge to the EU project that stresses popular and national sovereignty as preconditions for true internationalist socialism. Lapavitsas’s powerful manifesto for a left opposition to the EU upends the wishful thinking that often characterizes the debate and will be a challenging read for all on the Left interested in the future of Europe.

Designing a European Fiscal Union

Designing a European Fiscal Union PDF Author: Carlo Cottarelli
Publisher: Routledge
ISBN: 1317667514
Category : Business & Economics
Languages : en
Pages : 270

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Book Description
Does the European Union need closer fiscal integration, and in particular a stronger fiscal centre, to become more resilient to economic shocks? This book looks at the experience of 13 federal states to help inform the heated debate on this issue. It analyses in detail their practices in devolving responsibilities from the subnational to the central level, compares them to those of the European Union, and draws lessons for a possible future fiscal union in Europe. More specifically, this book tries to answer three sets of questions: What is the role of centralized fiscal policies in federations, and hence the size, features and functions of the central budget? What institutional arrangements are used to coordinate fiscal policy between the federal and subnational levels? What are the links between federal and subnational debt, and how have subnational financing crises been handled, when they occurred? These policy questions are critical in many federations, and central to the current discussions about future paths for the European Union. This book brings to the table new, practical insights through a systematic and comprehensive comparison of the EU fiscal framework with that of federal states. It also departs from the decentralization perspective that has been prominent in the literature by focusing on the role of the centre (which responsibilities are centralized at the federal level and how they are handled, rather than which functions belong to the local level). Such an approach is particularly relevant for the European Union, where a fiscal union would imply granting new powers to the centre.

The Referendum Experience in Europe

The Referendum Experience in Europe PDF Author: Pier Vincenzo Uleri
Publisher: Springer
ISBN: 1349247960
Category : Political Science
Languages : en
Pages : 273

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Book Description
The referendum has become established as part of the decision-making process in many European countries. Experts from each country survey the historical experience and current debates in Austria, Denmark, Finland, France, Ireland, Italy, the Netherlands, Norway, Russia and eastern Europe, Sweden, Switzerland and the United Kingdom. The impact of the referendum experience upon European politics is assessed, and the merits of the use of the referendum are evaluated, with a discussion on the implications for political parties, party systems, and representative government.

Portugal in the European Union

Portugal in the European Union PDF Author: Laura C. Ferreira-Pereira
Publisher: Routledge
ISBN: 1317815440
Category : Political Science
Languages : en
Pages : 275

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Book Description
This book examines the involvement of Portugal in the European integration process since the country signed the Accession Treaty in 1985. The volume elicits how Portugal has grasped opportunities and challenges emanating from its participation in the institutional, regulatory and political frameworks of the European Union (EU), as these have become more intricate as well as intrusive. It scrutinizes the adjustments and transformations that have taken place in Portuguese society, politics and economics as well as in the country’s international relations, as engendered by its increasing enmeshment in the Community-building dynamics. It is divided into three main parts: • Part I focuses on the major changes within the domestic arena, notably on the political, economic and social fronts; • Part II addresses the adjustments that the Portuguese leadership had to make in order to secure the country's participation in key common policies and strategies; • Part III is centred on foreign policy and assesses and discusses the impact upon Portugal’s international relations. This book will be of interest to students and scholars of European politics, EU studies, comparative politics and those with a strong interest in Portugal.