Within the debate that involves the application of a tax discipline in the EMU, some authors have questioned the adequacy of the use of the same tax rules for all the different member states, appealing to a more temporary tax flexibility for the small and less developed countries. For such...

The transfer of sovereignty in monetary policy and exchange rate associated with the creation of the Economic and Monetary Union (EMU) provides fiscal and budgetary policy with a more important role as a stabilization policy, and even more taking into account the current financial and economic...

Within the debate that involves the application of a tax discipline in the EMU, some authors have questioned the adequacy of the use of the same tax rules for all the different member states, appealing to a more temporary tax flexibility for the small and less developed countries. For such...

The Stability and Growth Pact (SGP) in EMU urges governments to achieve a position close to balance or surplus over the medium term. So far, the fiscal framework has successfully contributed to the EMU public financial sustainability and may have contributed to financial stability, as well as to...

The Stability and Growth Pact (SGP) in EMU urges governments to achieve a position close to balance or surplus over the medium term. So far, the fiscal framework has successfully contributed to the EMU public financial sustainability and may have contributed to financial stability, as well as to...

The slow pace of European Regional Policy since its creation knew a remarkable impulse thanks to the reform of 1988 and the beginning of the process of monetary integration. Later, it stopped abruptly, first, with budgetary constraints derived to the Maastricht criteria which led to a freeze of...