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The Member States of the European Union

The Member States of the European Union
Author: Simon Bulmer
Publisher: Oxford University Press, USA
Total Pages: 479
Release: 2013
Genre: Political Science
ISBN: 0199544832

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This is a comprehensive and rounded thematic study of the EU-member states. The text provides detailed coverage of the principal member states and comparative studies of the smaller states, as well as discussing the issue of enlargement and covering empirical themes.


The Euroarea and the New EU Member States

The Euroarea and the New EU Member States
Author: Lucio Vinhas De Souza
Publisher: Palgrave Macmillan
Total Pages: 239
Release: 2004-01-01
Genre: Business & Economics
ISBN: 9781349512140

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This collection analyses the monetary and exchange rate strategies of the EU accession countries during the EMU (pre-) accession phase and also policy questions that will appear upon Euroarea entry. Written by specialists in the field, it is a must-read for all economists with an interest in the rapidly evolving economies of the future EU member states.


The Pursuit of Stability of the Euro Area as a Whole

The Pursuit of Stability of the Euro Area as a Whole
Author: Luca Lionello
Publisher: Springer Nature
Total Pages: 243
Release: 2019-10-14
Genre: Law
ISBN: 3030280454

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This book analyses the ongoing reform of the European economic union in the light of the new objective of ‘stability of the euro area as a whole’ in Article 136(3) TFEU. On the basis of the relevant legal sources, it qualifies this objective as the obligation to preserve the existence of the monetary union, the establishment of which was an EU goal laid down in Article 3(4) TEU. While to date the objective has been achieved through fiscal and macroeconomic consolidation in the member states and the activation of stabilisation mechanisms in cases of emergency, the book argues that full stability requires a better system of economic governance, either through a process of partial fiscal centralisation or the return to a more efficient and sustainable market discipline of public finances. It also analyses the concrete legal challenges these raise, including compliance with the conferral principle, the longstanding democratic deficit of the governance and the balance between financial solidarity and fiscal responsibility.


Five Years After

Five Years After
Author: Mr.Martin Cihak
Publisher: International Monetary Fund
Total Pages: 69
Release: 2009-03-01
Genre: Business & Economics
ISBN: 1451872151

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The proximity of the European Union, the prospect of membership, and actual entry by the New Member States (NMS) increased economic and financial integration in the region, leading to fast economic growth based on sizeable capital inflows. EU membership helped in developing sound macroeconomic and financial stability frameworks in the NMS. However, these frameworks remain work in progress and as such could not safeguard against private sector exuberance or risky policies, especially in the face of an unprecedented global financial crisis. Hence, more prudent policies and further strengthening of policy frameworks, especially with respect to financial stability, seem warranted.


The European Union and the Return of the Nation State

The European Union and the Return of the Nation State
Author: Antonina Bakardjieva Engelbrekt
Publisher: Springer Nature
Total Pages: 282
Release: 2020-01-22
Genre: Political Science
ISBN: 3030350053

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests. Furthermore, Brexit forces the EU for the first time to face the prospect of a major member state preparing to leave the Union. Are these developments heralding the return of the nation-state, and if so, in what form? Is the national revival a lasting phenomenon that will affect the EU for a long time to come, or is it a transitory trend? This book takes an interdisciplinary approach to answer these questions. It brings together scholars from economics, law, and political science to provide insights into the multifaceted relations between the Union and its member states from different perspectives. All chapters are based on up-to-date research findings, succinct assessments of the current state of affairs and ongoing debates about the direction of European integration. The book concludes by offering policy recommendations at European and national levels.


The Re-Emerging Privilege of Euro Area Membership

The Re-Emerging Privilege of Euro Area Membership
Author: Mr.Johannes Wiegand
Publisher: International Monetary Fund
Total Pages: 20
Release: 2017-07-18
Genre: Business & Economics
ISBN: 1484311590

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When the euro was introduced in 1998, one objective was to create an alternative global reserve currency that would grant benefits to euro area countries similar to the U.S. dollar’s “exorbitant privliege”: i.e., a boost to the perceived quality of euro denominated assets that would increase demand for such assets and reduce euro area members’ funding costs. This paper uses risk perceptions as revelaed in investor surveys to extract a measure of privilege asscociated with euro membership, and traces its evolution over time. It finds that in the 2000s, euro area assets benefited indeed from a significant perceptions premium. While this premium disappeared in the wake of the euro crisis, it has recently returned, although at a reduced size. The paper also produces time-varying estimates of the weights that investors place on macro-economic fundmentals in their assessments of country risk. It finds that the weights of public debt, the current account and real growth increased considerably during the euro crisis, and that these shifts have remained in place even after the immediate financial stress subsided.


The New Member States and the European Union

The New Member States and the European Union
Author: Michael Baun
Publisher: Routledge
Total Pages: 256
Release: 2013-03-05
Genre: Political Science
ISBN: 1136737359

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This book examines the impact of EU membership on the foreign policies of the 12 new member states that joined the EU in 2004 and 2007. Among scholars of European politics there is a general consensus that membership in the European Union changes the countries that join. Yet considerable debate remains over what exactly changes, to what extent, how or why these changes happen, and why some countries, policies, and institutions change more than others. Expert contributors examine the impact of EU integration and membership, with chapters on the 12 new EU entrants since 2004: Poland, Czech Republic, Hungary, Slovakia, Slovenia, Estonia, Latvia, Lithuania, Cyprus, Malta, Bulgaria, and Romania. Utilizing a common analytical framework, each of the country case studies examines the impact of EU membership on the foreign policies of the new member states in three key areas: foreign policy making institutions and procedures, interests and preferences, and strategies and actions. The New Member States and the European Union will be of interest to students and scholars of European Studies and European Union Politics.


The European Union and the Member States

The European Union and the Member States
Author: Eleanor E. Zeff
Publisher:
Total Pages: 520
Release: 2006
Genre: Law
ISBN:

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Praise for the 1st Edition?This is a rich and timely volume full of novel glimpses into areas of perennial policy concern ... as well as a host of less familiar concerns.... The extremely readable efforts to make sense of policy conundrums means the book may be used quite profitably in the classroom, and the very fact that all member states are covered testifies to the project?s considerable comparative breadth.??William M. Downs, The Journal of PoliticsThoroughly updated, this new edition of The European Union and the Member States explores the complex relationship between the EU and each of its now 25 members.The country chapters follow a common format, considering: How and in what areas does EU policy affect, and how is it affected by, the member states? What mechanisms do the member states use to implement EU policy? What is each state?s compliance record?Covering the full range of issues?from economic, social, and environmental, to security, to home and justice affairs?the authors offer an insightful discussion of the interplay of EU initiatives with strong, existing national policies and traditions.Eleanor E. Zeff is associate professor of political science at Drake University. Ellen B. Pirro is president of Pirro International Research.Contents: Introduction?the Editors. Policymaking and Politics in the New European Union?J. McCormick. Early Union Members. Germany?C. Lankowski. Italy?M. Giuliani and S. Piattoni. Belgium and Luxembourg?K. Anderson. France?C. Deubner. The Second Wave. The UK?N. Nugent and J. Mather. Ireland?R.B. Finnegan. Denmark?E. Einhorn. The Mediterranean Round. Greece?N. Zahariadis. Spain and Portugal?S. Royo. The 1995 Enlargement. Austria?G. Faulkner. Sweden?J. Eliasson. Finland?T. Raunio. The 2004 Enlargement. Poland?A. Gruszczak. Hungary?D. Ellison. Malta and Cyprus?R. Pace. Slovenia and Slovakia?J. Occhipinti. The Czech Republic?S. Fisher. The Baltic States?S. Stoltenberg. Conclusion. Conclusion?the Editors.


The EU and the Economies of the Eastern European Enlargement

The EU and the Economies of the Eastern European Enlargement
Author: Alberto Quadrio Curzio
Publisher: Springer Science & Business Media
Total Pages: 200
Release: 2008-07-19
Genre: Business & Economics
ISBN: 3790820342

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The enlargement of the European Union towards the East from May 2004 has generated an increase of about 100 million inhabitants in the EU population, and has especially brought along major challenges and important opportunities both for the "new" countries and for the "old" member states. That is the main focus of this volume, which is divided into three sections. The first analyses the effects of the enlargement on the functioning of Community institutions, on the relations with the other Eastern European countries, and finally on regional and global economic dynamics; the second section analyses in detail the role of the monetary politics of the European Central Bank and the activities of the European Bank for Reconstruction and Development; and the third deals with the importance of the entrepreneurial class in ensuring the success of the transition process of the Eastern European economies.


How Synchronized are New EU Member States With the Euro Area? Evidence from a Structural Factor Model

How Synchronized are New EU Member States With the Euro Area? Evidence from a Structural Factor Model
Author: Sandra Eickmeier
Publisher:
Total Pages: 0
Release: 2007
Genre:
ISBN:

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A high degree of cyclical synchronization between the new EU member states (NMS) from Central and Eastern Europe and the euro area is considered to be a prerequisite for successful enlargement of the European Monetary Union. In this paper, we establish stylized facts on economic linkages between NMS and the euro area using dynamic correlation and cohesion measures. Then, we identify the main structural common euro-area shocks and investigate their transmission to NMS by means of a large-scale factor model. Finally, we compare it to the propagation to current EMU members.