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Author : Joseph Yaw Abodakpi
Publisher :
ISBN 13 : 9788301198121
Total Pages : pages
Book Rating : 4.1/5 (981 download)
Download or read book Public Finances and the New Economic Governance in the European Union written by Joseph Yaw Abodakpi and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michele Chang
Publisher : Routledge
ISBN 13 : 131763912X
Total Pages : 246 pages
Book Rating : 4.3/5 (176 download)
Download or read book Redefining European Economic Governance written by Michele Chang and published by Routledge. This book was released on 2016-04-14 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis and sovereign debt crisis exposed the inadequacy of European economic governance. Despite the multitude of new mechanisms and institutions that have arisen over the last few years, many contend that economic governance remains inadequate and the EU must integrate even further to calm still-volatile markets. A tension exists between creating effective instruments that will not overstep the authority delegated to an EU that has integrated economically but not politically. Can the EU’s economic governance system satisfy the demands of markets and politics? Relevant issues include the ability of supranational institutions to dictate policy to national governments, the harmonization of economic policies and institutions across Europe, and a substantial increase in the transfer of funds across borders. Can monetary union continue without political union? How will the new institutions alter the distribution of power between EU institutions as well as between member states? This edited volume analyzes the major policy challenges and institutional mechanisms at the EU- and international levels to combat the global financial crisis and the EU’s sovereign debt crisis such as financial integration, fiscal cooperation, and the rising power of the ECB. This book was published as a special issue of the Journal of European Integration.
Author : Willem Molle
Publisher : Routledge
ISBN 13 : 1136810048
Total Pages : 437 pages
Book Rating : 4.1/5 (368 download)
Download or read book European Economic Governance written by Willem Molle and published by Routledge. This book was released on 2011-03-01 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the course of its development the EU has had to deal with an expanding policy agenda, covering ever more subjects and an increased diversity of instruments. It has also had to deal with an increased number of member states and an extended range of partners (regional authorities, non governmental organisations). These developments have greatly increased the risk of inconsistencies between the various policies pursued and between the various levels of competence for the same policy. Inconsistent policies are less effective than they ought to be. So, they imply a welfare loss. The EU has tried to cope with the challenge of consistency by adapting its governance. Traditionally it uses mainly the regulatory method. The effectiveness of this method has recently come into question. So alternative methods are now favoured. One is the financial method; which implies more expenditure via the EU budget. The other is coordination. The application of both methods has certain advantages and disadvantages. The problem for policy makers is then to determine the choice between the modes first and the optimal level of budgetary and coordination efforts next. Notwithstanding its obvious policy relevance the problem has got little attention from academia. This book sets out to contribute to a solution by following two approaches. The first is a systematisation of the theoretical and conceptual underpinnings of the financial and coordination methods. The second is an empirical investigation into a range of European policy processes, implying to different degrees budgetary outlays and coordination.
Author : Menelaos Markakis
Publisher : Oxford University Press
ISBN 13 : 0192583956
Total Pages : 400 pages
Book Rating : 4.1/5 (925 download)
Download or read book Accountability in the Economic and Monetary Union written by Menelaos Markakis and published by Oxford University Press. This book was released on 2020-04-02 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the financial and public debt crisis, the EU's Economic and Monetary Union (EMU) has been under intense political scrutiny. The measures adopted in response to the crisis have granted additional powers to the EU (and national) authorities, the exercise of which can have massive implications for the economies of the Member States, financial institutions and, of course, citizens. The following questions arise: how can we hold accountable those institutions that are exercising power at the national and EU level? What is the appropriate level, type and degree of accountability and transparency that should be involved in the development of the EU's governance structures in the areas of fiscal and economic governance and the Banking Union? What is the role of parliaments and courts in holding those institutions accountable for the exercise of their duties? Is the revised EMU framework democratically legitimate? How can we bridge the gap between the citizens - and the institutions that represent them - and those institutions that are making these important decisions in the field of economic and monetary policy? This book principally examines the mechanisms for political and legal accountability in the EMU and the Banking Union. It examines the implications that the reforms of EU economic governance have had for the locus and strength of executive power in the Union, as well as the role of parliaments (and other political fora) and courts in holding the institutions acting in this area accountable for the exercise of their tasks. It further sets out several proposals regarding transparency, accountability, and legitimacy in the EMU.
Author : Michal Andrle
Publisher : International Monetary Fund
ISBN 13 : 1498338283
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)
Download or read book Reforming Fiscal Governance in the European Union written by Michal Andrle and published by International Monetary Fund. This book was released on 2015-05-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor.
Author : Antonio Estella de Noriega
Publisher : Cambridge University Press
ISBN 13 : 110714101X
Total Pages : 289 pages
Book Rating : 4.1/5 (71 download)
Download or read book Legal Foundations of EU Economic Governance written by Antonio Estella de Noriega and published by Cambridge University Press. This book was released on 2018-09-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical analysis of the legal dimension of European Union economic governance.
Author : C. Meyer
Publisher : Springer
ISBN 13 : 023062572X
Total Pages : 285 pages
Book Rating : 4.2/5 (36 download)
Download or read book Economic Government of the EU written by C. Meyer and published by Springer. This book was released on 2007-01-05 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation of Monetary Union marked a major step in the evolution of the European Union. Is the EU now taking the next step of deeper integration towards a fully-fledged economic government? The book seeks to answer this question by studying the evolution, execution and performance of new modes of economic policy co-ordination as potential stepping-stones towards more institutionalized forms of economic governance.
Author : Jonathan Zeitlin
Publisher : Routledge
ISBN 13 : 1351025600
Total Pages : 156 pages
Book Rating : 4.3/5 (51 download)
Download or read book EU Socio-Economic Governance since the Crisis written by Jonathan Zeitlin and published by Routledge. This book was released on 2019-12-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to be dedicated entirely to the European Semester -- a new framework for policy coordination across European Union (EU) member states. The Semester represents a major advancement in EU governance. Created in 2010 in the wake of the financial and sovereign debt crises and revamped in 2015, it was intended to provide a new socio-economic governance architecture to coordinate national policies without transferring legal sovereignty to EU level. The papers in this collection are written by authors who have already contributed to this literature and have conducted original research for their studies. The book offers an empirical and theoretical assessment of the European Semester, examining its implications along three critical axes, running respectively between the economic and the social, the supranational and the intergovernmental, and the technocratic and democratic poles of EU governance. The book concludes that the European Semester challenges established theoretical understandings of EU governance, as it is a prime example of the complexity that supersedes simple polar oppositions. The chapters were originally published in a special issue of the Journal of European Public Policy.
Author : Fabian Amtenbrink
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (129 download)
Download or read book Economic Governance in the European Union - Fiscal Policy Discipline versus Flexibility written by Fabian Amtenbrink and published by . This book was released on 2011 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contribution examines fiscal policy co-ordination in the Economic and Monetary Union (EMU) and discusses whether the amendments of the Stability and Growth Pact proposed in the past, some of which have since been implemented, enhance budget discipline. In doing so, it provides a detailed analysis of the legal provisions on multilateral surveillance and the excessive deficit procedure based on the concepts of open and closed method of coordination. Arguably, it is the mixing of these two distinct concepts which stands at the heart of the current controversies. This has to be taken into account when assessing the recent proposals to introduce greater flexibility. Indeed, rather than introducing more flexibility, the analysis of the current system presented in this contribution suggests that those elements of economic coordination which prevent the existing rules from being implemented properly should be amended, thereby to some extent depoliticising economic coordination. The contribution begins with a discussion of the fiscal policy rules previously in place, followed by a political-economy analysis of these rules. Thereafter the reform proposals of the Commission, as well as other proposals for institutional reforms, including those originally foreseen in the Treaty establishing a Constitution for Europe, are examined. It is concluded that the reforms of the pact do little to redress the failure of some Member States to consolidate their public finances in times of economic prosperity.
Author : Luca Lionello
Publisher : Springer Nature
ISBN 13 : 3030280454
Total Pages : 243 pages
Book Rating : 4.0/5 (32 download)
Download or read book The Pursuit of Stability of the Euro Area as a Whole written by Luca Lionello and published by Springer Nature. This book was released on 2019-10-14 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Joaquim Miranda Sarmento
Publisher : Springer
ISBN 13 : 3030051749
Total Pages : 217 pages
Book Rating : 4.0/5 (3 download)
Download or read book Public Finance and National Accounts in the European Context written by Joaquim Miranda Sarmento and published by Springer. This book was released on 2019-01-31 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an essential guide to Public Finance and National Accounts in the context of the European Union. Since the creation of the Eurozone, fiscal policy has been at the heart of economic (but also political/media) discussions in the EU. From the Stability and Growth Pact (1997) to the more recent Fiscal Treaty, EU and Eurozone, countries have been subject to various fiscal rules. The importance of these rules, and of the subsequent procedures that every Eurozone country has to adhere to, is unquestionable. The book provides the reader with an in-depth understanding of the complex EU rules concerning fiscal policy, breaking down the corresponding legal texts into simple and accessible language. It has a broad interdisciplinary appeal, and scholars and practitioners whose work involves these areas will find it of particular interest.
Author : Carlo Secchi
Publisher : Edward Elgar Publishing
ISBN 13 : 1781007799
Total Pages : 243 pages
Book Rating : 4.7/5 (81 download)
Download or read book Liberalism in Crisis? written by Carlo Secchi and published by Edward Elgar Publishing. This book was released on 2014-05-14 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the current economic crisis recurring questions on the validity of the liberal economic system have resurfaced concerning the role of the state and the free market, the proactive use of fiscal policies, economic nationalism, and environmental sustainablity. This volume covers this subject.
Author : Luc Eyraud
Publisher : International Monetary Fund
ISBN 13 : 1475517882
Total Pages : 50 pages
Book Rating : 4.4/5 (755 download)
Download or read book Playing by the Rules written by Luc Eyraud and published by International Monetary Fund. This book was released on 2015-03-24 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper contributes to the discussions on fiscal governance in Europe. It takes stock of recent reforms, identifies areas for further progress, and discusses a menu of policy options for the medium-term. The issues covered include: (i) the growing complexity of the European framework and ways to simplify it; (ii) the difficulties to measure and implement structural stance indicators; (iii) the challenge of reconciling fiscal sustainability and growth; (iv) the need to enhance coordination in the area of monitoring; and (v) the obstacles to compliance and proposals to strengthen enforcement.
Author : Mark Hallerberg
Publisher : Cambridge University Press
ISBN 13 : 1139476270
Total Pages : 235 pages
Book Rating : 4.1/5 (394 download)
Download or read book Fiscal Governance in Europe written by Mark Hallerberg and published by Cambridge University Press. This book was released on 2009-03-16 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union.
Author : Floriana Cerniglia
Publisher : Open Book Publishers
ISBN 13 : 1805112031
Total Pages : 188 pages
Book Rating : 4.8/5 (51 download)
Download or read book Financing Investment in Times of High Public Debt written by Floriana Cerniglia and published by Open Book Publishers. This book was released on 2023-12-12 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth book in the ‘European Public Investment Outlook’ series focuses on the urgent issue of how to finance needed investment in critical tangible and intangible infrastructure given high levels of public debt, a thorny problem facing many governments across Europe. Drawing on expertise from academics, researchers at public policy institutes and international governance bodies, the contributors analyse the current situation and prospects and propose feasible solutions. Financing Investment in Times of High Public Debt offers a powerful combination of high-level analysis of cross-continental policies and trends, with close examination of specific contexts in France, Italy, Germany and Spain. The chapters in Part II explore challenges including how to finance climate investments, the extent to which national promotional banks can offer solutions, EU budget reform and recent trends in tax progressivity. This book is essential reading for economists, policymakers, and anyone interested in implementing and financing public policy in Europe and wanting to better understand the intricacies of EU governance and institutions.
Author : Roberto Perotti
Publisher : Centre for Economic Policy Research
ISBN 13 : 9781898128359
Total Pages : 88 pages
Book Rating : 4.1/5 (283 download)
Download or read book Sustainability of Public Finances written by Roberto Perotti and published by Centre for Economic Policy Research. This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: A central tenet of the Maastricht Treaty is that a successful European Monetary Union requires sustainable public finances of its member states, yet there is no clear definition of sustainability. This book develops a concept of sustainability focusing on the controllability of public finances. After reviewing the theoretical and empirical arguments for a disaggregate and institutions-oriented approach to correcting non-sustainable deficits, the authors propose a practical procedure to assess the sustainability of a country's public finances.
Author :
Publisher : Academia Press
ISBN 13 : 9038218028
Total Pages : 67 pages
Book Rating : 4.0/5 (382 download)
Download or read book The Reform of European Economic Governance: Towards a Sustainable Monetary Union? (Egmont Papers 47) written by and published by Academia Press. This book was released on with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt:
