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Could the Stability and Growth Pact be Substituted by the Financial Markets?
Vyprachticka, Terezie - In: European Integration online Papers (EIoP) 15 (2011) 09
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009325373
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Could the Stability and Growth Pact be Substituted by the Financial Markets?
ECSA-Austria: European Integration online Papers
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009483205
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Fiscal Federalism, EMU and Shock Absorption Mechanisms: A Guide to the Literature
Pacheco, Luís Miguel - In: European Integration online Papers (EIoP) 4 (2000) 03
Fiscal federalism theory seeks to establish the optimal organization of a government, confined by certain geographic boundaries. The implications of that theory for the monetary unification process are shortly inquired. The literature measuring the redistribution and stabilization effects of the...
Persistent link: https://www.econbiz.de/10004969198
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The monetary framework after accession a political economy analysis of ERM2
Fölsz, Attila - In: European Integration online Papers (EIoP) 7 (2003) 03
The paper discusses the framework of ERM2 (the exchange rate mechanism of EMU, the Economic and Monetary Union) and its … of EMU). Second it reviews how ERM2 is conducive to future euro-zone membership of the accession countries. From the …
Persistent link: https://www.econbiz.de/10004969206
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European social dialogue as multi-level governance: Towards more autonomy and new dependencies
Marginson, Paul; Keune, Maarten - In: European Integration online Papers (EIoP) 16 (2012) 02
Almost twenty years ago the Maastricht Treaty introduced procedures for European Social Dialogue, as part of a larger package of measures to strengthen the social dimension of European integration. Through the Treaty provisions (articles 154-155 Treaty on the Functioning of the European Union),...
Persistent link: https://www.econbiz.de/10011148618
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Ripples in a rising tide: Why some EU regions receive more structural funds than others
Bodenstein; Thilo; Kemmerling, Achim - In: European Integration online Papers (EIoP) 16 (2012) 01
We investigate the distribution of European Union (EU) Structural Funds across EU regions. We draw from literature on the political economy of national intergovernmental grants and on the two-tiered bargaining process in the EU. Bargaining on the distribution of Structural Funds takes place on...
Persistent link: https://www.econbiz.de/10010568571
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'Deliberative Supranationalism' A Defence
Joerges, Christian - In: European Integration online Papers (EIoP) 5 (2001) 07
This paper is essentially a translation of a comment in German (Joerges 2000) on a series of articles in which Rainer Schmalz-Bruns (1998, 1999a, 1999b) developed a concept of legitimate governance beyond the constitutional state, which he called deliberative supra-nationalism and contrasted...
Persistent link: https://www.econbiz.de/10004969299
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Trade and . . . . Problems, Cost-Benefit Analysis and Subsidiarity
Trachtman, Joel P. - Jean Monnet Chair - 1997
Persistent link: https://www.econbiz.de/10009643139
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Fiscal federalism and a separate budget for the euro area
Ore̢ziak, Leokadia - In: International journal of management and economics 54 (2018) 2, pp. 85-98
increase the capacity of the area to cope with future economic and financial crises. The issue of a separate budget for this … area is of particular interest in this article. The idea of such a budget has recently become the subject of lively public …
Persistent link: https://www.econbiz.de/10012027105
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Ten years EMU: an assessment of ten critical claims
Verdun, Amy - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 144-163
This paper seeks to review a selection of ten salient critical claims about Economic and Monetary Union (EMU) that were … heard in the 1990s in either the Political Science literature or the Economics literature or both. In this paper, the author … focuses on five salient Political Science claims and five Economics claims prominent at the time that pointed to problems with …
Persistent link: https://www.econbiz.de/10010691755