Governance of the European Monetary Union: Recasting Political, Fiscal and Financial Integration

by Erik Jones (Editor), Francisco Torres (Editor)

Overview

The crisis in the euro area is a defining moment in the history of European integration. It has revealed major flaws in the architecture of the European Union; it has challenged European institutions to shape an appropriate response; and it has tested the patience of a European public that is eager to see their economic prospects improve again. This volume brings together some of the world’s top economists and policymakers to explain how this crisis came about and what is to be done. The policy agenda these chapters establish is going to be difficult to implement, not least because of popular misunderstanding and political opposition. This book argues, that it is essential that European policymakers push forward this agenda or they run the risk of seeing Europe’s economies fall back into crisis. This book was previously published as a special issue of the Journal of European Integration.

Product Details

ISBN-13:	9781317203377
Publisher:	Taylor & Francis
Publication date:	02/05/2018
Series:	Journal of European Integration Special Issues
Sold by:	Barnes & Noble
Format:	eBook
Pages:	178
File size:	2 MB

About the Author

Erik Jones is Professor of European Studies and International Political Economy and Director of European and Eurasian Studies at the Johns Hopkins School of Advanced International Studies.

Francisco Torres is Visiting Senior Fellow in European Political Economy at the European Institute, London School of Economics and a Senior Member and PEFM Associate at St Antony’s College, Oxford. He is also Adjunct Professor at the Catholic University in Lisbon and an EU Steering Committee Member of the ECPR.

Table of Contents

1. An ‘Economics’ Window on an Interdisciplinary Crisis 2. EMU: Old Flaws Revisited 3. Correcting for the Eurozone Design Failures: The Role of the ECB 4. Governance and Conditionality: Toward a Sustainable Framework? 5. Responses to the Euro Area Crisis: Measuring the Path of European Institutional Integration 6. Avoiding Another Crisis in the Euro Area: Public and Private Imbalances and National Policy Responses 7. EMU and Sustainable Integration 8. Getting the Story Right: How You Should Choose between Different Interpretations of the European Crisis (And Why You Should Care) 9. At Cross-purposes: Commercial versus Technocratic Governance of Sovereign Debt in the EU 10. The Making of a Continental Financial System: Lessons for Europe from Early American History 11. Impossible Macroeconomic Trinity: The Challenge to Economic Governance in the Eurozone 12. Using Interdisciplinary Analysis to Shape a Policy Agenda