The European Monetary Union After the Crisis

From a Fiscal Union to Fiscal Capacity

Nazaré da Costa Cabral (Autor)

Buch | Softcover

316 Seiten

2022
Routledge (Verlag)
978-0-367-49663-0 (ISBN)

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This book provides a much-needed detailed analysis of the evolution of Europe over the last decade, as well as a discussion about the path of reform that has been trodden in the aftermath of the financial crisis. It offers a multidisciplinary view of the E(M)U and captures the main factors that induced the reform of the monetary union – a process that has not been linear and is far from being concluded.

The author examines the policy responses designed throughout the development of the crisis and assesses the scale of the crisis in Europe, in comparison to other parts of the world, as well as its prolonged effects both in economic and financial terms. An update on the current ‘state of the art’ in the conception of risk-sharing mechanisms is provided. With its innovative approach, the book analyses the financing issues which need to be taken into consideration in the design of these instruments and highlights the main categories of governmental risk-sharing mechanisms – in particular, the ones to be used as ‘fiscal capacity’.

This is a timely and topical book and will be of interest to a broad audience, including experts, scholars and students of European affairs, particularly those with economic, financial, legal and political science backgrounds.

Nazaré da Costa Cabral is Associate Professor at Lisbon School of Law of the University of Lisbon and principal researcher at the Center for European, Economic, Fiscal and Tax Law Research (CIDEEFF) of the same University. She is also Chair of the Senior Board of the Portuguese Public Finance Council.

1. Introduction Part I: The Great Financial Crisis and the Economic and Monetary Union 2. From the financial crisis to the Euro crisis 3. Misguiding signs in the policy responses to the EMU crisis Part II: Governmental Risk-Sharing Mechanisms After the Crisis: from a Fiscal Union to a Fiscal Capacity 4. The ‘EMU’s Great Reform’ as an imperative 5. Risk sharing mechanisms as a panacea for saving the Euro: a fiscal capacity for the EMU 6. References

Erscheinungsdatum	21.04.2022
Reihe/Serie	Routledge Studies in the European Economy
Zusatzinfo	10 Tables, black and white; 7 Line drawings, black and white; 7 Illustrations, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	421 g
Themenwelt	Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	0-367-49663-1 / 0367496631
ISBN-13	978-0-367-49663-0 / 9780367496630
Zustand	Neuware