Ever since its inception EMU has been subject to controversy. The fiscal policy rules embedded in the Treaty on … European Union, and clarified in the Stability and Growth Pact (SGP), are probably the most contentious. The SGP as always … being accused of being too rigid and of forcing procyclicality in fiscal policy. However, in an influential paper Galí and …

commitment to stability-oriented monetary and fiscal policies is a precondition for gaining credibility and trust within and … outside a monetary union. Last, but not least, convergence criteria, fiscal rules and strong institutions are necessary to … area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional …

-planning system. In a favourable external environment, they strengthened their fiscal institutions and improved their fiscal outcomes …-term stability, the need for further institutional, social and fiscal reforms became paramount …This paper presents an overview of the fiscal reforms enacted by the countries of Eastern and Central Europe and …

financial ecosystems in Europe varied across countries because of different histories and institutions that framed such … (but not in all) national credit institutions never really disappeared, they just blended in. The CDCâ??s total assets for … construction of an integrated market for financial services in Europe has often been described as a â??battle of the systemsâ …

of certain governments and institutions; and d) the deficit in European economic governance. Newer and tougher mechanisms … for European financial stability and detailed government measures for budget sustainability and structural reforms need to … countries in a shocking situation. Indeed, the entire European Union is at economic and political systemic risk. In this paper …

can declare that in Eastern and Central Europe interest has grown recently in fiscal councils that have been shooting up … like mushrooms and are believed to be virtually “the ultimate weapon” in fighting budgetary overspending. The demand for … fiscal councils can be regarded as a new type of organisation within the family of independent fiscal institutions (IFIs …

can declare that in Eastern and Central Europe interest has grown recently in fiscal councils that have been shooting up … like mushrooms and are believed to be virtually “the ultimate weapon” in fighting budgetary overspending. The demand for … fiscal councils can be regarded as a new type of organisation within the family of independent fiscal institutions (IFIs …

role of institutions in maintaining trust and fighting corruption, as well as in sustaining economic growth and political … stability in a globalized world. This book proposes to historicize these problems by looking at the ways in which early …-modern Europe responded to similar challenges brought about by the rising costs of international warfare in a period marked by the …

of certain governments and institutions; and d) the deficit in European economic governance. Newer and tougher mechanisms … for European financial stability and detailed government measures for budget sustainability and structural reforms need to … countries in a shocking situation. Indeed, the entire European Union is at economic and political systemic risk. In this paper …

This paper studies the role of fiscal and monetary institutions in macroeconomic stability and budgetary control in … with better budgetary procedures have better fiscal outcomes. All these factors call for improved monetary institutions … ; budget process ; fiscal institutions ; budgetary institutions ; monetary institutions ; macroeconomic stability ; econometric …