COVID-19 Challenges to the European Economic and Monetary Union
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Publisher:
Published: 2022
Total Pages: 0
ISBN-13:
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New Challenges for the Eurozone Governance
Author: José Caetano
Publisher: Springer Nature
Published: 2021-02-22
Total Pages: 321
ISBN-13: 3030623726
DOWNLOAD EBOOKThis 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.
Off the Target
Author: Muhammad Ali Nasir
Publisher: Springer Nature
Published: 2021-11-23
Total Pages: 328
ISBN-13: 3030881857
DOWNLOAD EBOOKThis book describes the history of European integration and the Eurozone, before presenting ways in which the European Union can move forward. Charting integration from before the Second World War, the foundations of the Eurozone are examined to provide insight into the challenges faced by the European Union, including the Global Financial Crisis, over recent decades. The impact of TARGET2 and the European Monetary System are also discussed. This book aims to highlight ways that current challenges to European integration, such as the COVID-19 crisis, environmental degradation, and fiscal debt, can be overcome to promote economic growth and social advancement. It will be relevant to students, researchers, and policymakers interested in the political economy and European economic policy.
New Challenges for the Eurozone Governance
Author: José Caetano
Publisher:
Published: 2021
Total Pages: 0
ISBN-13: 9783030623739
DOWNLOAD EBOOKThis 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.
Social Rights and the European Monetary Union
Author: Maribel González Pascual
Publisher: Edward Elgar Publishing
Published: 2022-10-28
Total Pages: 240
ISBN-13: 9781839105241
DOWNLOAD EBOOKThis thought-provoking book examines the state of the European Monetary Union (EMU) and its shortcomings in terms of social rights protection in the context of the COVID-19 pandemic and the aftermath of the Euro crisis. Providing a critical analysis of the basic tenets of European economic governance, it highlights current challenges for a Social Europe and proposes new avenues for tackling these issues. Focusing on the existing mechanisms of social rights protection in the EU, chapters explore the imbalance between economic and social goals within the EMU, discussing how to strengthen the building blocks of Social Europe in order to address this. The book also investigates the challenges for the adjudication of social rights before European and domestic courts, and considers alternative models of judicial review that offer better protection in the context of crisis. Scholars and students of EU law, constitutional law, and public international law will find this book a crucial read, in particular those with an interest in law and economics. It will also be useful for EU law practitioners working in social rights.
The European Integration Process: Crisis and Resilience in the Aftermath of the Covid-19 Pandemic
Author: António Portugal Duarte
Publisher: Imprensa da Universidade de Coimbra / Coimbra University Press
Published:
Total Pages: 441
ISBN-13: 9892623649
DOWNLOAD EBOOKThe process of European integration is considered the most innovative example of regionalism in the world. The Covid-19 pandemic crisis, which the world experienced since the beginning of 2020, caused a brutal negative shock on the economies. It raised new doubts and challenges about the European integration project, making the prospect of the EU’s dissolution something possible, even if undesirable. The book analyses these events, counting with the contribution of 41 authors, from universities and research centers of several European countries, and also from other continents. Its objective is to gather four perspectives to the European integration in a post-pandemic context: I) that of the countries of the Eurozone;II) that of the Eurozone candidate countries; III) the East “look” of EU candidate countries, and IV) the view of the rest of the world. The book is divided into four parts, each corresponding to one of these inputs, for a total of 24 chapters.
Economic and Monetary Union at Twenty
Author: David Howarth
Publisher: Routledge
Published: 2021-05-19
Total Pages: 202
ISBN-13: 1000386864
DOWNLOAD EBOOKThe 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.
Public Policy and the Impact of COVID-19 in Europe
Author: Magdalena Tomala
Publisher: Routledge
Published: 2022-05-08
Total Pages: 82
ISBN-13: 1000619966
DOWNLOAD EBOOKThis book analyses Europe’s COVID-19 response provided by governments and societies, to assess its influence on the economy from both a short- and long-term perspective. The authors argue that there are three key factors that determine how successful a given country is. The first is the determination and effectiveness of the government. The second is the capacity of states and their healthcare systems in times of crisis. The third is society’s willingness to adhere to emergency measures and to cooperate with authorities. The book examines the government policy of EU states during the pandemic; studies the behaviour of EU societies; reveals the influence of the pandemic crisis on the economy of EU states and formulates a successful strategy to counteract the challenges wrought by the pandemic. The book will appeal to scholars and researchers engaged in the fields of economic and political science, global studies and international relations. Furthermore, it will also be addressed to policy makers of European States as it contains a complex analysis of their policy responses and the corresponding impact on European economy and society.
European Union and Monetary Union in Permanent Crisis II
Author: Dirk Meyer
Publisher: Springer Nature
Published: 2022-09-01
Total Pages: 417
ISBN-13: 3658386460
DOWNLOAD EBOOKThe European Monetary Union based on the Maastricht Treaty doesn’t exist any longer. Permanent rescue parachutes, joint liability and legal presumptions by the EU Commission lead to a fiscal union with a redistributive character. Bond-purchasingprogrammes endanger the independence of the ECB. As an alternative, Dirk Meyer develops a parallel currency concept for a functioning common currency.
EU Fiscal Capacity
Author: Federico Fabbrini
Publisher: Oxford University Press
Published: 2022-11-10
Total Pages: 193
ISBN-13: 0198874251
DOWNLOAD EBOOKThe explosion of the Covid-19 pandemic in February 2020 led to a paradigm change in the European Union architecture of economic governance. To mitigate the pandemic's damage, the EU established a Recovery Fund called 'Next Generation EU' (NGEU). Funded though resources raised on the financial markets, this special budget is worth 750bn€ at 2018 prices, which corresponds to 806,9bn€ at current prices. Disbursed to member states in the form of both loans and grants and to be repaid on a long-term basis through the introduction of new EU taxes, the NGEU has endowed the EU with borrowing, spending, and taxing powers. EU Fiscal Capacity: Legal Integration After Covid-19 and the War in Ukraine argues that the NGEU constiutes a profound overhaul in the EU architecture of economic governance. Moving away from the fiscal surveillance shown in response to the euro-crisis, the EU has adopted a strategy of fiscal federalism more akin to the United States. The return of war in Europe following 75 years of peace has caused yet more socio-economic damage for the EU. Occuring as Europe was slowly re-emerging from the pandemic, the war in Ukraine has disrupted supply chains, increased humanitarian assistance costs, and generated an energy crisis. Within the context of war, the limitations of the current EU constitutional arrangements have yet again been exposed. EU Fiscal Capacity argues that the EU needs to retain the NGEU as a permanent feature of EMU. The first book to analyse how the Covid-19 pandemic and the war in Ukraine have affected Europe's Economic & Monetary Union from an EU law and policy perspective, this book is a must read for policy makers and students of European law and politics alike.
