European Economy Economic Papers : Number 281 - June 2007 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook European Economy Economic Papers : Number 281 - June 2007 write by Alfonso Arpaia. This book was released on 2007. European Economy Economic Papers : Number 281 - June 2007 available in PDF, EPUB and Kindle.
European Economy
European Economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook European Economy write by . This book was released on 2009. European Economy available in PDF, EPUB and Kindle.
The Political Economy of Monetary Solidarity
The Political Economy of Monetary Solidarity - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Monetary Solidarity write by Waltraud Schelkle. This book was released on 2017-04-13. The Political Economy of Monetary Solidarity available in PDF, EPUB and Kindle. Creating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. The euro experiment can be understood as risk-sharing through a currency that is issued by a supranational central bank. A single currency shares liquidity risks by creating larger markets for all financial assets. A single monetary policy responds to business cycles in the currency area as a whole rather than managing the path of one dominant economy. Mechanisms of risk-sharing become institutions of monetary solidarity if they are consciously maintained, but they will periodically face opposition in member states. This book argues that diversity of membership is not an economic obstacle to the success of the euro, as diversity increases the potential gains from risk sharing. But political cooperation is needed to realize this potential, and such cooperation is up against collective action problems which become more intractable as the parties become more diverse. Hence, risk-sharing usually comes about as a collective by-product of national incentives. This political-economic tension can explain why the gains from risk-sharing are not more fully exploited, both in the euro area and in the US dollar area. This approach to monetary integration is based on the theory of collective action when hierarchy is not available as a solution to inter-state cooperation. The theory originates with Keohane and Ostrom (1995) and it is applied in this book, taking into account the latest research on the inherent instability of financial market integration.
Converging Europe
Converging Europe - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Converging Europe write by Ipek Eren Vural. This book was released on 2016-05-13. Converging Europe available in PDF, EPUB and Kindle. 'Converging Europe' evaluates the impact of European integration on social policy development since the launch and re-launch of the Lisbon strategy discussing the challenges posed by the still unfolding global economic crisis of 2007-2009. Given the unsettling economic conditions, does European coordination of social policies generate more social cohesion and integration or growing xenophobia, nationalism and exclusion? Informed by diverse theoretical perspectives, this book brings together a team of international experts working on an extensive range of policy issues central to the Lisbon agenda such as labour market policies, social protection systems, and social exclusion/poverty. Contributions assess the interfaces between European integration, the Lisbon strategy and social policy in three groups of countries related to the EU: old member states; the new member states; and a candidate country - Turkey. The richness of content and data allows rigorous analysis and critical comparative insights not only on the social outcomes of the Lisbon strategy but also more broadly on the dynamics and dimensions of European social policy. Pioneering the scholarly reflections on the repercussions of the global economic crisis of 2007-2009 for both the road map drawn at Lisbon and viability of national systems of social provision in Europe, this book is an important acquisition for policy makers and academics alike.
Economic Papers
Economic Papers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Papers write by . This book was released on 1981. Economic Papers available in PDF, EPUB and Kindle.
