Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Euro --- Eurozone

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

A Monetary Hope for Europe. This book studies the euro in a global perspective and opens a new series edited by the Jean Monnet European Centre of Excellence of the University of Florence, Verso l'unificazione europea. Most of the chapters have been written by economists who met and discussed their diverse views at a multi-disciplinary conference organized by the Centre in May 2013 under the title The euro and the struggle for the creation of a new global currency: Problems and perspectives in the building of the political, financial and economic foundations of the European federal government. The list of contributors also includes historians as well as European and international law academics. Their essays have been revised on the basis and against the backdrop of an ongoing crisis of both the euro and the whole European project in the last years and months. The volume aims to provide useful data and interpretations to improve knowledge on the euro and the European Union in their economic, historical, juridical and political perspectives. --

Euro. --- Eurozone. --- Monetary policy

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Eurozone --- Monetary policy

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Eurozone --- Finance --- Payment

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The economic crisis that began a decade ago has given impulse to economic governance reforms in the European Union. The most intense changes were in the fiscal sphere, i.e., the rules defining Member State leeway in budgetary planning, with a focus on tightening up the financial discipline and seeing to it that Member States, and especially euro area members, do not go beyond the caps imposed on the government deficit and debt. The changes were by no means uncontroversial. As claimed by proponents, they led governments to begin taking a serious approach to the stability of public finances—a foundation for healthy economic growth—and bore fruit in the form of a European economic recovery starting from 2014. No significant overhaul is needed since the applied mechanisms have just started to work. Critics, on the other hand, argue that the restrictive rules have had the effect of prolonging the economic crisis, aggravating the debt situation and sharpening social problems, thus triggering the rise of populist and anti-European movements. The criticism goes further than that. The present fiscal framework, with its emphasis on discipline, makes it more difficult to pursue a coherent countercyclical policy in the euro area. In its current form, it cannot be coordinated with the monetary policy of the European Central Bank. Many also argue that the present fiscal framework has “technical” faults, too many criteria, is complicated, hard to project, and subject to overpoliticised supervision, all of which affects the effectiveness and credibility of the whole system.

Eurozone. --- Europe --- Economic integration --- History.