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the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering …1. EMU's fiscal rules in a historical perspective -- 2. The Maastricht Treaty and the Stability and Growth Pact -- 3 … -- 11. Reforming EMU's fiscal rules -- 12. National budgets and the EU budget -- 13. Postscript : a new stability and growth …
Persistent link: https://www.econbiz.de/10011852061
"With Covid-19 and other recent crises proving the need to review the state-of-play and implement robust institutional frameworks in the complex, heterogenous and decentralised European supervisory architecture, this insightful book outlines what can be done to innovate the current set-up in the...
Persistent link: https://www.econbiz.de/10013462758
(EMU), signalling the emergence of a truly European economy. The authors devote their considerable expertise to the … analysis of macroeconomic policies within EMU and the economic analysis underlying the conduct of these policies. The authors … eleven countries to qualify for EMU and speculate whether the same countries would have joined if the qualification date had …
Persistent link: https://www.econbiz.de/10014473884
This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
Persistent link: https://www.econbiz.de/10011850704
Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...
Persistent link: https://www.econbiz.de/10011850773
1. Introduction -- 2. From common market to EMU : an historical perspective on European economic and monetary …
Persistent link: https://www.econbiz.de/10011851191
-rate regime or, in the European context, for countries joining the EMU This book sheds light on these arguments …
Persistent link: https://www.econbiz.de/10011851304
1. Opening remarks -- 2. Fiscal policies and sustainability of public finances in the European Union -- 3. Fiscal policy challenges, sustainability of public finances and EU accession : the case of Turkey -- 4. Monetary policy in the Euro area : lessons from five years of the ECB and then...
Persistent link: https://www.econbiz.de/10012420007
This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly...
Persistent link: https://www.econbiz.de/10014474007
of the euro -- 5. Lionel Robbins lecture -- 6. The future of the EMU, the euro, and international finance -- 7. The role …
Persistent link: https://www.econbiz.de/10011851446