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Risk Sharing in the Euro Area - Legal Aspects (Hardcover, 1st ed. 2023)
Loot Price: R4,238
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Risk Sharing in the Euro Area - Legal Aspects (Hardcover, 1st ed. 2023)
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The book offers a horizontal legal analysis on the problematic of
risk sharing, which arises inevitably in an economic and political
integration process, such as in the European Union, and even more
so in the euro area. The question is how the burden of adverse
economic developments is spread across the integration area, in
this case the euro area, whether risk is distributed evenly and
what risk sharing mechanisms apply. The book looks at the legal
basis and the concrete stage of development of such mechanisms in
European law, as well as at divergences among national legal orders
and practices as a source for risk asymmetries. Individual
contributions refer in particular to the areas of banking, capital
markets and unemployment insurance. The point of view adopted in
the book is important for everyone who wants to develop a robust
understanding of the practical functioning of the complex
integration process regulated by EU law.
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