The contributions to this book examine the two main asymmetries of
the Euro Area as they have intensified during the second decade of
Economic and Monetary Union (EMU): the first between monetary union
(more supranational governance) versus ‘economic’ union (less
centralised governance); the second between those Euro Area member
states of the so-called ‘core’ and those of the
‘periphery’. EMU stands as one of the European Union’s (EU)
flagship integration achievements. Set up in 1999, with the large
majority of EU member states at the time, EMU was described as
‘asymmetrical’ even prior to its start. From the outset, it
involved asymmetrical integration in monetary and ‘economic’
union. Although a major element of the blueprint that paved the way
for the final stage of EMU, the concept of ‘economic’ union was
insufficiently developed. The second decade of the single currency
gave rise to a second asymmetry, namely one between those Euro Area
member states of the ‘core’ and those of the ‘periphery’.
The ten contributions to this volume speak to one or both of these
asymmetries, covering the major political, political economy and
policy dimensions of EMU and the ongoing debates about necessary
policy and institutional reforms to overcome these asymmetries and
bolster Euro Area stability. The outbreak of the Coronavirus
(Covid-19) Crisis in 2020 created unprecedented socio-economic
challenges for Euro Area member states, heightening the perceived
urgency of reform. The chapters in this book were originally
published as a special issue of the Journal of European
Integration.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Release date: |
September 2023 |
First published: |
2021 |
Editors: |
David Howarth
• Amy Verdun
|
Dimensions: |
246 x 174mm (L x W) |
Pages: |
178 |
ISBN-13: |
978-0-367-54602-1 |
Categories: |
Books
|
LSN: |
0-367-54602-7 |
Barcode: |
9780367546021 |
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