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European States and the Euro

European States and the Euro
Author: Kenneth Dyson
Publisher: OUP Oxford
Total Pages: 431
Release: 2002-03-07
Genre: Political Science
ISBN: 0191530506

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With Economic and Monetary Union, the European Union has embarked on one of the biggest projects in its history. Previous literature has focused on how EMU came into being and on the policy issues that it raises. European States and the Euro seeks to move the discussion forwards by offering the first systematic evaluation of how it is affecting EU states, both members and non-members of the Euro-Zone. It is the first book to explicitly situate EMU in the growing literature on Europeanization. It examines the effects on public policies, political structures, discourses, and identities. The book seeks to identify the scope of EMU's effects, the direction that it imparts to political and policy changes, the mechanisms by which it produces its effects, and the role of domestic institutions, political leadership and specific forms of discourse in shaping responses. In addition, the book assesses how, and with what effects, EMU is affecting key policy sectors labour markets and wages, welfare states, and financial market governance. What conditions the degree of convergence discernible in these sectors? Finally, the book seeks to 'contextualize' EMU by assessing its effects both in comparison with other variables like globalization and in a historical perspective of the European Monetary System as a 'training ground'. The book combines sectoral and country case studies with a thematic treatment by recognized experts in their fields. It moves from globalization, through EU-level changes, to member states and finally to specific sectors. The main conclusions are that EMU is most important in affecting the timing, tempo and rhythm of domestic change that these changes are experienced pre-eminently at the level of policy; that it strengthens pressures for convergence; but that different domestic institutional arrangements and discourses lead to variations in policy processes and effects and in the way change is 'framed'. In particular, whilst EMU contains a neo-liberalizing tendency exhibited most clearly in financial market effects, it is not to be characterized as a neo-liberal project by means of which the EU is becoming an economic and social space simply converging around Anglo-American market capitalism.


The State of Europe

The State of Europe
Author: Sonja Puntscher Riekmann
Publisher: Campus Verlag
Total Pages: 364
Release: 2004
Genre: Democracy
ISBN: 9783593376325

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While globalization affects the sovereignty of every nation-state, European countries face special challenges due to the emergence of the European Union. The State of Europe explores the transformation of ideas of statehood in light of the EU's continued development, including rapidly changing notions of democracy, representation, and citizenship alongside major shifts in economic regulation. This book will be an essential guide for students and teachers of economics, political science, and international relations, as well as anyone interested in the expanding role of the EU worldwide.


Europe's Last Chance

Europe's Last Chance
Author: Guy Verhofstadt
Publisher: Basic Books
Total Pages: 297
Release: 2017-01-03
Genre: Political Science
ISBN: 0465096867

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In the heart of Europe's current crisis, one of the continent's foremost statesmen issues a clarion call to radically remake the European Union in the mold of the United States' own federal government Europe is caught in its greatest crisis since the Second World War. The catalog of ills seems endless: an economic crisis spread through most of Europe's Mediterranean tier that has crippled Greece and driven a wedge between northern and southern Europe; terrorist attacks in Paris, Cologne, Brussels, and Nice; growing aggression from Russia in Ukraine and the Baltic states; and refugees escaping war-torn neighbors. The European Union's inability to handle any of these disasters was a driving factor in Great Britain voting to leave, and others may soon follow. The result won't just be a continent in turmoil, but also a serious threat to American and British security-the Atlantic, let alone the Channel, simply isn't big enough to keep European troubles in Europe. For everyone's sake, Europe must survive. The question is how. In Europe's Last Chance, Guy Verhofstadt-former prime minister of Belgium and current leader of the liberal faction in the European Parliament-provides the essential framework for understanding Europe today, laying bare the absurdity of a system in which each member state can veto legislation, opt in or out of the Euro, or close borders on a whim. But Verhofstadt does not just indict the European Union, he also offers a powerful vision for how the continent can change for the better. The key, argues Verhofstadt, is to reform the European Union along the lines of America's federal government: a United States of Europe strong enough to stand with the United States of America in making a better, safer world. A visionary book from one of today's luminaries of European leadership, Europe's Last Chance is a clarion call to save the European Union, one of the world's greatest chances for peace and prosperity.


Europe and the Euro

Europe and the Euro
Author: Alberto Alesina
Publisher: University of Chicago Press
Total Pages: 477
Release: 2010-04-15
Genre: Business & Economics
ISBN: 0226012859

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It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.


The Economic Integration of Europe

The Economic Integration of Europe
Author: Richard Pomfret
Publisher: Harvard University Press
Total Pages: 273
Release: 2021-06-08
Genre: Business & Economics
ISBN: 0674259432

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The clearest and most up-to-date account of the achievements—and setbacks—of the European Union since 1945. Europe has been transformed since the Second World War. No longer a checkerboard of entirely sovereign states, the continent has become the largest single-market area in the world, with most of its members ceding certain economic and political powers to the central government of the European Union. This shift is the product of world-historical change, but the process is not well understood. The changes came in fits and starts. There was no single blueprint for reform; rather, the EU is the result of endless political turmoil and dazzling bureaucratic gymnastics. As Brexit demonstrates, there are occasional steps backward, too. Cutting through the complexity, Richard Pomfret presents a uniquely clear and comprehensive analysis of an incredible achievement in economic cooperation. The Economic Integration of Europe follows all the major steps in the creation of the single market since the postwar establishment of the European Coal and Steel Community. Pomfret identifies four stages of development: the creation of a customs union, the deepening of economic union with the Single Market, the years of monetary union and eastward expansion, and, finally, problems of consolidation. Throughout, he details the economic benefits, costs, and controversies associated with each step in the evolution of the EU. What lies ahead? Pomfret concludes that, for all its problems, Europe has grown more prosperous from integration and is likely to increase its power on the global stage.


Small States Inside and Outside the European Union

Small States Inside and Outside the European Union
Author: Laurent Goetschel
Publisher: Springer Science & Business Media
Total Pages: 306
Release: 1998-10-31
Genre: Political Science
ISBN: 9780792382805

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Small States in and outside the European Union offers a broad overview of the small states problematic in Europe. It touches upon definition issues, history, security policy, neutrality, EU institutional aspects and also includes contributors from Central and Eastern European countries. It presents a thorough analysis of different scenarios for EU institutional reform and their repercussions on the influence of small member states. The comparative results are visualized in tables. The work contains several contributions from practitioners who give insight into policy games and issues of national sensitivity not usually covered by purely scholarly publications. The European environment has changed dramatically through the processes of regional integration and rising interdependence. Relations between European states both inside and outside the EU are governed as never before by rules, norms, and fixed procedures. The book investigates the consequences of these developments on the foreign and security policy of small states. Academics and professionals from Austria, Denmark, Finland, Ireland, Lithuania, Luxembourg, Slovenia, Sweden, and Switzerland, as well as from the European Commission and the Council of Ministers, elaborate on these issues. Institutional regulations and traditional power politics as well as the foreign and security policy traditions of the states concerned, including the question of neutrality, are investigated. In addition, the book identifies the main interests of small states in today's Europe and offers an overview of different strategies these states apply in the realm of foreign and security policy. The book is interesting for the case studies it offers as well as for the reflections it contains regarding fundamental questions of the essence of statehood in today's Europe.


The European Union and the Euro

The European Union and the Euro
Author: Hans Geeroms
Publisher:
Total Pages: 0
Release: 2014
Genre: Euro
ISBN: 9781780681832

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INTRODUCTION 1 CHAPTER 1. A SHORT HISTORY OF THE EU AND THE EURO CHAPTER 2. DECISION-MAKING IN THE EU AND THE EMU CHAPTER 3. BUDGETARY INSTRUMENTS OF THE EU CHAPTER 4. THE EU SINGLE MARKET CHAPTER 5. THE EU COMPETITION POLICY CHAPTER 6. IS THE EUROZONE AN OPTIMAL CURRENCY AREA? CHAPTER 7. THE EURO CRISIS CHAPTER 8. THE SINGLE MONETARY POLICY CHAPTER 9. THE NEW ECONOMIC GOVERNANCE CHAPTER 10. TOWARDS A BANKING UNION CHAPTER 11. GROWTH AND COMPETITIVENESS CHAPTER 12. THE WAY FORWARD: SAVING THE EURO AND COMPLETING THE EMU.


Reconfiguring European States in Crisis

Reconfiguring European States in Crisis
Author: Desmond King
Publisher: Oxford University Press
Total Pages: 511
Release: 2017-02-16
Genre: Political Science
ISBN: 0192511874

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Reconfiguring European States in Crisis offers a ground-breaking analysis by some of Europe's leading political scientists, examining how the European national state and the European Union state have dealt with two sorts of changes in the last two decades. Firstly, the volume analyses the growth of performance measurement in government, the rise of new sorts of policy delivery agencies, the devolution of power to regions and cities, and the spread of neoliberal ideas in economic policy. The volume demonstrates how the rise of non-state controlled organizations and norms combine with Europeanization to reconfigure European states. Secondly, the volume focuses on how the current crises in fiscal policy, Brexit, security and terrorism, and migration through a borderless European Union have had dramatic effects on European states and will continue to do so.


The Euro as a Stabilizer in the International Economic System

The Euro as a Stabilizer in the International Economic System
Author: Robert A. Mundell
Publisher: Springer Science & Business Media
Total Pages: 460
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461544572

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The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.


Europe's Promise

Europe's Promise
Author: Steven Hill
Publisher: Univ of California Press
Total Pages: 488
Release: 2010-01-19
Genre: Political Science
ISBN: 052094450X

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A quiet revolution has been occurring in post-World War II Europe. A world power has emerged across the Atlantic that is recrafting the rules for how a modern society should provide economic security, environmental sustainability, and global stability. In Europe's Promise, Steven Hill explains Europe's bold new vision. For a decade Hill traveled widely to understand this uniquely European way of life. He shatters myths and shows how Europe's leadership manifests in five major areas: economic strength, with Europe now the world's wealthiest trading bloc, nearly as large as the U.S. and China combined; the best health care and other workfare supports for families and individuals; widespread use of renewable energy technologies and conservation; the world's most advanced democracies; and regional networks of trade, foreign aid, and investment that link one-third of the world to the European Union. Europe's Promise masterfully conveys how Europe has taken the lead in this make-or-break century challenged by a worldwide economic crisis and global warming.