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An authoritative reference work on the legal framework of European economic and monetary union, this book comprehensively analyses the legal foundations, institutions, and substantive legal issues in EU monetary integration.
EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries. The book provides an in-depth analysis of how the demands on economic policy will be affected by the monetary union. Various chapters discuss monetary policy and inflation, fiscal policy, unemployment and labour markets, the transition to monetary union, and the exchange-rate arrangements between participants and non-participants. Other chapters analyse the importance of the EMU for European political integration, democratic aspects, and how membership in the monetary union will affect the possibilities for an individual member state to exert influence within the EU. EMU - A Swedish Perspective should be of interest to professional economists and political scientists, students, and all others who want to form an opinion about the monetary union on the basis of a balanced assessment of the consequences. EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries.
The European Union_the world's greatest experiment in interstate reconciliation through regional integration_is now fifty years old. However, it remains a mystery to many people in and outside Europe. This clear and comprehensive book is dedicated to 'demystifying' the EU for both introductory and seasoned students of European integration. Roy H. Ginsberg begins with the foundation blocks of history, law, economics, and politics to provide the context for understanding integration. He then deconstructs the EU into its individual elements to examine them in relation to one another and to the whole before reconstructing the EU as a single polity. In doing so, he evaluates the EU's scope for agency and its effects on Europeans and non-Europeans alike. Emphasizing this wider perspective, Ginsberg convincingly demonstrates that the EU is a wellspring of support for conflict prevention and resolution throughout the world.
This title was first published in 2000: An analysis of the extent to which the outcomes of the process of European monetary integration and, particularly, of the development of the debate over the establishment of EMU, have been influenced by domestic politics and by domestic economic interest groups in Italy and in the United Kingdom. From an empirical point of view, the work provides an account of the development of Italian and British socio-economic interest groups towards the issue of European monetary union from the making of the EMS until the establishment of EMU.
When the European Monetary System (EMS) was created in 1978, economists on both sides of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy conventional economic wisdom. The authors address three major questions about the European Monetary System (EMS): how it came into being, how it works and how it may evolve into a fully-fledged monetary union.
This book provides a much-needed detailed analysis of the evolution of Europe over the last decade, as well as a discussion about the path of reform that has been trodden in the aftermath of the financial crisis. It offers a multidisciplinary view of the E(M)U and captures the main factors that induced the reform of the monetary union – a process that has not been linear and is far from being concluded. The author examines the policy responses designed throughout the development of the crisis and assesses the scale of the crisis in Europe, in comparison to other parts of the world, as well as its prolonged effects both in economic and financial terms. An update on the current ‘state of the art’ in the conception of risk-sharing mechanisms is provided. With its innovative approach, the book analyses the financing issues which need to be taken into consideration in the design of these instruments and highlights the main categories of governmental risk-sharing mechanisms – in particular, the ones to be used as ‘fiscal capacity’. This is a timely and topical book and will be of interest to a broad audience, including experts, scholars and students of European affairs, particularly those with economic, financial, legal and political science backgrounds.
The definitive textbook on EU politics and governance, now in its 8th edition, has been thoroughly updated to take into account the ongoing developments and evolution of the EU. Major changes, recent developments, and the crises that have befallen the union in recent times are analysed within this context. This includes eurozone crisis, the migration crisis, and the UK's decision to leave the EU. Acclaimed author and academic Neill Nugent has written a comprehensive text, enabling students with no prior knowledge of the EU to master the subject. By detailing the historical evolution of European integration, Nugent gives the necessary context to his exhaustive analysis of policies, process, institutions and treaties. This has grown to include two new chapters on Member State Relations and Interest Representation. The final section considers concepts and theories with EU studies, providing a succinct, accessible introduction to theory, which can be read as standalone chapters. With a new structure to increase readability and packed with numerous pedagogical features - document excerpts, case studies, maps figures - and supported by a fully stocked companion website with resources for both students and lecturers, this text is an essential for students new to EU studies. This new edition offers: - New chapters on Member State relations and interest representation - Updates on all main institutions, policies and processes - Authoritative coverage of the main institutions, policies and processes of the EU - Redesigned textbook with even more pedagogical features - New companion website including updates, data resources, PowerPoint slides and test questions
The book provides a sociologically grounded explanation of the changing features of governance and democracy within Europe in an era that empowers new actors, and in the context of broader changes in society.