1.

Record Nr.

UNINA9910155326203321

Titolo

The Euro and the Crisis : Perspectives for the Eurozone as a Monetary and Budgetary Union / / edited by Nazaré da Costa Cabral, José Renato Gonçalves, Nuno Cunha Rodrigues

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2017

Edizione

[1st ed. 2017.]

Descrizione fisica

1 online resource (XXVIII, 366 p. 45 illus., 31 illus. in color.)

Collana

Financial and Monetary Policy Studies, , 2197-1889 ; ; 43

Disciplina

332.042094

Soggetti

Macroeconomics

Europe - Economic integration

Capital market

Law - Europe

Finance, Public

Financial services industry

Macroeconomics and Monetary Economics

European Economic Integration

Capital Markets

European Law

Public Finance

Financial Services

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references at the end of each chapters.

Nota di contenuto

Part 1 – The Eurozone as a (non) Optimum Currency Area -- STIGLITZ, Joseph. The fundamental flaws in the Euro Zone framework -- BONGARDT, Annette and TORRES, Francisco. EMU as a Sustainable Currency Area -- ROSSI, Sergio, A structural-reform proposal for a two-speed European monetary union -- MONGELLI, Francesco Paolo, PAPADOPOULOS, Georgios, and REINHOLD, Elisa. Are Euro Area economic structures changing? -- ANDRADE, João A. S., DUARTE, Adelaide P. S. and SIMÕES, Marta C. N., Differences in human capital and openness to trade as barriers to growth and convergence in the EU



-- LOUÇÃ, Francisco. Has the euro any future as part of secular stagnation? -- Part 2 – A monetary union relying on fiscal policy coordination: achievements, shortcomings and future perspectives -- SANTOS, Luís Máximo dos. The European Monetary Union: political motivation -- MUET, Pierre-Alain. The great recession of 2012-2014: the monetary union challenged by national egoisms -- BELKE, Ansgar. The Fiscal Compact and the Excessive Deficit Procedure - Relics of bygone times? -- IOANNIDES, Yannis M.. A Conceptual Framework for Reforms versus Debt in the Context of a Fiscal Union within the European Monetary Union -- CABO, Sérgio Gonçalves do. Public debt restructuring in a monetary union: the case of the euro area member states -- Part 3 – New perspectives for macroeconomic stabilizers in the European Union -- BREUSS, Fritz. The crisis management of the ECB -- MENDONÇA, António. Unconventional monetary policy of the ECB and the international economic and financial crisis: efficiency versus exhaustion -- CABRAL, Nazaré da Costa. The Eurozone’s Private and Governmental Shock Absorbers: Current Setup and Future Prospects -- RODRIGUES, Nuno Cunha and GONÇALVES, José Renato. The European banking union and the Economic and Monetary Union: the puzzle is yet to be completed -- BEBLAVY, Miroslav, LENAERTS, Karolien, and MASELLI, Ilaria, The (future) European unemployment insurance and its role as an automatic stabiliser -- Part 4 – A Budgetary Union as a way-out of the EMU crisis: is it possible? -- AHMAD, Ehtisham and BROSIO, Giorgio. Achieving accountable governance and structural reforms in Europe -- MATTHIJS, Herman, The financing of the European Union Budget -- KOPITS, George. Toward a Closer Union: Elusive Mirage or Reality within Grasp? -- DÍAZ-ROLDAN, Carmen and BAJO-RUBIO, Oscar. The scope for a budgetary union in the European monetary union.

Sommario/riassunto

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that European political leaders will face in the months to come. Furthermore, its interdisciplinary approach embraces economic, financial and legal perspectives, so as to ensure the global coherence and comprehensiveness of its content. The contributors to this volume are prominent experts from the areas of Economics, Finance, Law, and Political Science, offering readers a multifaceted view of the topics discussed.