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The global financial crisis, which started in the United States in 2007, spread to Europe in 2009. It especially hit Portugal, Ireland, Italy, Greece, and Spain, countries which have introduced the single currency, the euro. These eurozone countries no longer have monetary policy autonomy, so they do not have the option of devaluation to increase competitiveness. The crisis has shown that the Economic and Monetary Union (EMU) created in 1993, and which led to the single currency in 1999, is faulty. Its built-in asymmetry, with centralised monetary policy and decentralised fiscal policy, should be expected to create problems. Part of the response to the crisis so far has been incremental moves towards fiscal and banking union, which will mean a deepening of European integration at a time when many observers believed that a certain equilibrium had been reached after the entry into force of the Lisbon Treaty in 2009. This book focuses on these developments as well as analysing other economic policies that affect the general economic welfare of the EU, including agriculture, trade and immigration policies. The book puts the eurozone crisis into the wider context of deepening and widening.
Financial crises --- Monetary policy --- European Union --- European Union countries --- Economic policy --- Eurozone --- -Monetary policy --- -330.94 --- 339.5094 --- Monetary management --- Currency boards --- Money supply --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Business cycles --- Euro area --- Euro zone --- Monetary unions --- Economic and Monetary Union --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- -EU countries --- Euroland --- Europe --- -Economic policy --- Financial crises - European Union countries --- Monetary policy - European Union countries --- European Union countries - Economic policy
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This title examines the crisis of EMU through the lenses of comparative political economy. It retraces the development of wage-setting systems in the core and peripheral EMU member states, and how these contributed to the increasing divergence between creditor and debtor states in the late 2000s.
Monetary unions. --- Monetary policy --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- Economic and Monetary Union. --- European Central Bank. --- European Union countries --- Economic integration. --- Economic policy. --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- EZB --- Monetary unions --- E-books --- BUSINESS & ECONOMICS / Money & Monetary Policy
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Monetary policy --- European Central Bank --- European Monetary Union --- Law and legislation. --- Europe --- Monetary unions --- 337.142 --- Ui1 --- 334.151.20 --- 334.151.21 --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Economic integration --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Economic and Monetary Union. --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- Gay culture Europe
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Monetary unions --- Monetary policy --- Unions monétaires --- Politique monétaire --- Economic and Monetary Union --- European Central Bank --- European Union countries --- Pays de l'Union européenne --- Economic integration --- Economic policy --- Intégration économique --- Politique économique --- -Monetary policy --- -337.142 --- Monetary management --- Currency boards --- Money supply --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- -European Union countries --- -EU countries --- Euroland --- Europe --- Economic and Monetary Union. --- European Central Bank. --- Economic integration. --- Economic policy. --- -Economic integration --- Unions monétaires --- Politique monétaire --- Pays de l'Union européenne --- Intégration économique --- Politique économique --- International finance
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European Union --- Debts, Public --- -EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.20 --- 333.431 --- 341.213 --- 336.302 --- 341.2422 --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Monetaire Unies. --- Statenbond. Federatie en confederatie. Dominions. Kolonies. --- Weerslag van de rijksschuld. --- Economic and Monetary Union --- -EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- Law and legislation --- -Law and legislation --- European Union. --- -EEC / European Union - EU -Europese Unie - Union Européenne - UE. --- -Law and legislation. --- 341.2422. --- -341.2422. --- Law and legislation. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Monetaire Unies --- Statenbond. Federatie en confederatie. Dominions. Kolonies --- Weerslag van de rijksschuld --- -Economic and Monetary Union
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En appendice, les textes de la décision du Conseil constitutionnel portant sur le Traité de stabilité et de la loi organique n° 2012-1403 relative à la programmation et à la gouvernance des finances publiques.
Finance, Public --- Law and legislation --- BPB9999 --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.150.0 --- 334.151.20 --- 334.151.23 --- Fiscal policy --- -339.52094 --- Ui1 --- Tax policy --- Taxation --- Economic policy --- Institutionele aspecten EG: algemeenheden. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Monetaire steun op korte termijn van de Europese Gemeenschappen. Financiële bijstand op middellange termijn. --- Government policy --- Economic and Monetary Union --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- Treaty on Stability, Coordination and Governance (TSCG) --- Public Finance - European Union countries - Congresses. --- Global Financial Crisis, 2008-2009 --- Crise financière mondiale, 2008-2009 --- Droit européen et droit interne --- Politique fiscale --- Finances publiques --- European federation --- Construction européenne --- Management. --- Gestion --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Monetaire steun op korte termijn van de Europese Gemeenschappen. Financiële bijstand op middellange termijn. --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- Institutionele aspecten EG: algemeenheden --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Monetaire steun op korte termijn van de Europese Gemeenschappen. Financiële bijstand op middellange termijn --- Finance, Public - Law and legislation - European Union countries - Congresses --- -Economic and Monetary Union
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