The Euro And Economic Stability
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The Euro And Economic Stability
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Author : Ewald Nowotny
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01
The Euro And Economic Stability written by Ewald Nowotny and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Business & Economics categories.
The Euro and Economic Stability assesses the euro area's merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis, while banking representatives discuss post-crisis business models of banks in the area. Last but not least, a theoretical introductory chapter fills the gap between mainstream macroeconomic modelling and real-world decision-making. The prime audience for this invaluable book will be economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The book is also aimed at readers with a particular interest in the contributions' special regional focus: Central, Eastern and South-Eastern Europe.
The Pursuit Of Stability Of The Euro Area As A Whole
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Author : Luca Lionello
language : en
Publisher: Springer Nature
Release Date : 2019-10-14
The Pursuit Of Stability Of The Euro Area As A Whole written by Luca Lionello and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-14 with Law categories.
This book analyses the ongoing reform of the European economic union in the light of the new objective of ‘stability of the euro area as a whole’ in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility.
Between Growth And Stability
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Author : Leila Simona Talani
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008-01-01
Between Growth And Stability written by Leila Simona Talani and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-01 with Business & Economics categories.
Very comprehensive and based on a detailed economic and political analysis, Between Growth and Stability is clearly a vital book for both students and seasoned economists. . . Thomas Bauwens, Bibliothèque Européenne Combining economic and political science perspectives, this timely and important book describes and analyses the circumstances and events leading to the demise and subsequent reform of the Stability and Growth Pact (SGP). Between Growth and Stability aims to find a solution to the dilemmas posed by fiscal policy coordination in the context of a single currency area, as well as contrasting the alternative heuristic frameworks and theoretical perspectives employed. It focuses particularly on the question of credibility, its definition and its meaning in the day-to-day workings of economic and monetary union. The book examines the actual performance of the SGP and proposes ways in which the integrity of European fiscal rule making might be improved in the future. This book will be essential reading for policymakers, politicians, members of European institutions and international organizations. The in-depth analysis will also be invaluable to scholars of international relations and economics, as well as undergraduate and postgraduate students in international relations, political science and economics.
The European Financial Stability Facility Efsf And The European Stability Mechanism Esm
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Author : Marcus Stallechner
language : en
Publisher: GRIN Verlag
Release Date : 2013-05-02
The European Financial Stability Facility Efsf And The European Stability Mechanism Esm written by Marcus Stallechner and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-02 with Business & Economics categories.
Seminar paper from the year 2012 in the subject Economics - Monetary theory and policy, grade: 1,0, University of Applied Sciences Augsburg, language: English, abstract: The article by Marcus Stallechner and Daniel Kolb deals with the structure, objectives and principles of operation of the European Financial Stability Facility (EFSF) and the European Stability Mechanism (ESM). The focus is on the way from the emergence of those two companies, their company and capital structure, as well as on their financial support instruments and lending operations. The topicality and effects on the economy as well as the great public interest make this to an interesting article, which approaches the details and facts of the EFSF and ESM.
Financial Stability Policy In The Euro Zone
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Author : Gundbert Scherf
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-06-17
Financial Stability Policy In The Euro Zone written by Gundbert Scherf and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with Business & Economics categories.
Due to the lack of political salience that financial stability policy enjoys in tranquil economic times, this policy field lends itself particularly well to capture – the more so the more important the role of banks is in the financial system. Gundbert Scherf’s research focuses on this nexus between integrated banking, supranational monetary policy and national banking regulation. He finds that national level differences in financial systems and related institutions explain and drive variation in regulatory financial stability policy across countries.
The Politics Of The Euro Zone
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Author : Kenneth Dyson
language : en
Publisher: OUP Oxford
Release Date : 2000-09-28
The Politics Of The Euro Zone written by Kenneth Dyson and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-09-28 with Political Science categories.
The Euro-Zone represents the single most important step in European Integration since 1957 and one of the boldest economic, monetary, and political projects in modern history. In this first major study, the author examines the major political questions raised by the birth of the Euro-Zone on January 1 1999 and argues for a more politically informed analysis and assessment of its nature, operation, and prospects. How does the Euro-Zone operate? What does it mean for European States and for the political strategies of governments? How is its operation to be explained? What are its prospects for stability? What kinds of policies are needed to strengthen its capacity to withstand crisis? The book stresses the ECB-centric nature of the Euro-Zone and its implications both for policy and polices in Europe and for theories of integration. The ECB emerges as a powerful 'policy pusher' and 'ideational leader', with an authority and power exceeding that of the European Commission in the integration process. Dyson examines the elated problems of social justice, democratic consent, and identity. He also argues that the Euro-Zone represents a process of transition to the EU as a 'stabilization Staten An innovative aspect of the book is its application of a strength-strain model for the purpose of analyzing and assessing the stability of the Euro-Zone. It concludes that the stability of the Euro-Zone will be strongly conditioned by three factors: how Kantian rather than Hobbesian or Lockeian its political culture proves to be, with a key reproducibility failing here on the quality of political leadership; its possession of policy interments to tackle liquidity as well as debt traps; and the speed and efficiency of mechanisms of 'bench marking, policy transfer, and 'lesson-drawing'.
Efficiency Stability And Equity
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Author : Tommaso Padoa-Schioppa
language : en
Publisher: Oxford University Press, USA
Release Date : 1987
Efficiency Stability And Equity written by Tommaso Padoa-Schioppa and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Offering a comprehensive model for the evolution of the European Community's monetary system and budget, this study outlines and discusses recent political decisions made by the Community and their implications for its future.
The Quest For National And Global Economic Stability
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Author : Wietze Eizenga
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Quest For National And Global Economic Stability written by Wietze Eizenga and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Former students of Dr H. J. Witteveen and many of those who collaborated with him in the past decades have decided a while ago that his great scientific and social merits are ample reason for presenting him with a Liber Amicorum. The fortieth anniversary of his appointment as professor at the Netherlands School of Economics in Rotterdam in the Spring of 1988 seemed a suitable time for presentation. For this purpose a committee was formed consisting of the members listed below. The last three of these also act as editorial committee of this anniversary volume. The topic the editorial committee chose is 'The quest for national and global economic stability'; this topic has always attracted Dr Witteveen's special attention and is in fact the common theme of his publications and speeches. In compiling this volume, the editorial committee tried to give expression to the three fields in which Dr Witt eve en developed his main activities: university, politics and international economic organizations. The committee is deeply grateful to the authors who promised and supplied their contributions with great enthusiasm. All contributions were completed before August 1, 1987.
The Role Of Financial Stability In Eu Law And Policy
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Author : Gianni Lo Schiavo
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2016-04-24
The Role Of Financial Stability In Eu Law And Policy written by Gianni Lo Schiavo and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-24 with Law categories.
Since the outbreak of the 2008 financial crisis, European Union (EU) institutions and Member States have engaged in a major effort to repair the architecture of economic governance of the European Economic and Monetary Union (EMU). This book takes as its starting point the unclear notion of financial stability, which only recently has received a more detailed legal analysis. It examines the evolution of the concept of financial stability during the financial crisis and provides a conceptual framework in order to demonstrate that financial stability has become a foundational objective in Europe and has set a new normative framework in EU law and policy. Arguing that financial stability is a foundational objective in EU law and policy based on certain normative instruments, this ground-breaking book provides an in-depth and original understanding of the newly developed framework to attain supranational financial stability. In its analysis of the legal implications of these new instruments, the study examines topics and issues such as the following: - the concept and normative instruments of financial stability at European level; - the renewed economic governance in Europe; - the financial assistance mechanisms developed in Europe; - the new regulatory environment for banks at European level; - the Single Supervisory Mechanism and the role of the European Central Bank (ECB) therein; and - the new framework for banking resolution, with specific focus on the Single Resolution Mechanism. The author shows in detail how an appropriate level of supranational regulation, supervision, burden-sharing and rescue measures strengthen financial stability. Thereby, the book will appeal to officials in EU institutions and agencies as well as lawyers and academics in EU law and in banking/financial law to gain a clear understanding of role of financial stability and its normative instruments in EU law and policy. Gianni Lo Schiavo is currently working as a lawyer at the ECB. He obtained a PhD in EU Law at King's College, London, and has written numerous articles and chapters in EU administrative law, EU financial/banking law and EU competition law.
European Monetary Union
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Author : John Grahl
language : en
Publisher:
Release Date : 2001
European Monetary Union written by John Grahl and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
John Grahl investigates some key flaws in the monetary union and demonstrates how, despite these political and economic weaknesses being emphasized during a long debate, European political elites appear to have imposed the formulae of Maastricht in an essentially unchanged form. Three problems are highlighted: the lack of democratic legitimacy for European monetary policy, the decidedly restrictive nature of the macro-economic regime that has been installed, and the absence of adequate Europe-wide mechanisms to ensure financial stability. These issues are examined with a specific focus on the transformations in European money and finance which have taken place since the launch of the euro.