The European Monetary Union after the crisis : from a fiscal union to a fiscal capacity
Author(s)
Bibliographic Information
The European Monetary Union after the crisis : from a fiscal union to a fiscal capacity
（Routledge studies in the European economy）
Routledge, 2021
- : hbk
Available at 10 libraries
Note
Includes bibliographical references (p. 256-293) and index
Description and Table of Contents
Description
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.
Table of Contents
1. Introduction Part I: The Great Financial Crisis and the Economic and Monetary Union 2. From the financial crisis to the Euro crisis 3. Misguiding signs in the policy responses to the EMU crisis Part II: Governmental Risk-Sharing Mechanisms After the Crisis: from a Fiscal Union to a Fiscal Capacity 4. The 'EMU's Great Reform' as an imperative 5. Risk sharing mechanisms as a panacea for saving the Euro: a fiscal capacity for the EMU 6. References
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