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Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the … institutional framework is in a constant reform process as the G7 are considering a "new financial architecture" and the IMF is … in the international consequences of the introduction of the Euro and analyzes the costs and gains from cooperation in …
Persistent link: https://www.econbiz.de/10009483196
Abstract: In a greatly interdependent world economy, the number of global and regional public goods, from financial stability to sustainable growth, quickly increase and call for greater global and regional collective action. This paper tries to understand which mechanisms, if any, have been...
Persistent link: https://www.econbiz.de/10009147480
Abstract: The European Security and Defence Policy (ESDP) is understood as an important new "instrument" in the EU's Common Foreign and Security Policy (CFSP) "toolbox", designed to respond to the contemporary security environment as well as to overcome the inaction and hesitancy of the past....
Persistent link: https://www.econbiz.de/10008611148
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
The economic policy framework of the Euro area displays significant limitations. While these deficiencies are a result … of the design of the Euro project, they have become increasingly evident during the current economic crisis. The European … Commission and the Council have put forward a set of reforms aimed at improving the economic governance of the Euro area. This …
Persistent link: https://www.econbiz.de/10011130289
-institutional relationships to the changes which resulted from the commencement of the third stage of EMU, and of defining the ECBs powers. This …
Persistent link: https://www.econbiz.de/10004969267
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
Persistent link: https://www.econbiz.de/10010459116
Persistent link: https://www.econbiz.de/10005029459
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