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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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Europe's New Fiscal Union (Hardcover, 1st ed. 2019)
Loot Price: R2,257
Discovery Miles 22 570
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Europe's New Fiscal Union (Hardcover, 1st ed. 2019)
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The euro crisis made Europe's stateless currency falter. This book
retraces and interprets the ways in which the crisis impacted the
unique institutional set-up of Europe's Economic and Monetary Union
(EMU). It argues that the crisis propelled the European continent
towards the institutionalization of an unprecedented form of
centralized authority: Europe's New Fiscal Union. Diving into the
central functions of fiscal surveillance, financial assistance,
lending of last resort and banking resolution, the book reveals how
a covert and convoluted mutualisation process occurred in the
shadow of the euro crisis management. Based on 62 interviews
conducted by the author with senior policy-makers in Brussels,
Frankfurt, Helsinki and Rome, the book claims that Europe's New
Fiscal Union is largely unsettled and still unstable. It therefore
engages with the challenges arising from the patchwork of newly
adopted rules, instruments and bodies, suggesting crucial reform
steps to make EMU sustainable.
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