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Federalism and European Union: A Political Economy Perspective

David McKay

Published in print:
1999
Published Online:
October 2011
ISBN:
9780198296775
eISBN:
9780191685279
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198296775.001.0001
Subject:
Political Science, European Union

This book examines the decision to adopt European Monetary Union (EMU) as a federal bargain by the European Union, designed to provide the countries of Europe with a bulwark against the volatility of ... More


Monetary Policy and the Euro

Loukas Tsoukalis

in Governing Europe

Published in print:
2003
Published Online:
November 2003
ISBN:
9780199250158
eISBN:
9780191599439
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199250154.003.0019
Subject:
Political Science, European Union

This chapter first briefly traces the history of European monetary integration. It then examines: the politics and economics of the Maastricht Treaty and Economic and Monetary Union/European Monetary ... More


Winners and Losers …

Loukas Tsoukalis

in What Kind of Europe?

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279487
eISBN:
9780191602979
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279489.003.0003
Subject:
Political Science, European Union

This chapter analyses the winners and losers in European integration. Integration has been perceived as a positive-sum game, involving the joint management of economic interdependence for increasing ... More


Creating Supranational Authority in Monetary and Exchange‐Rate Policy: The Sources and Effects of EMU

David R. Cameron

in European Integration and Supranational Governance

Published in print:
1998
Published Online:
April 2004
ISBN:
9780198294641
eISBN:
9780191601071
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294646.003.0007
Subject:
Political Science, European Union

Seeks to understand why some member‐states of the European Community attempted, with eventual success, to extend supranational authority in the domain of monetary and exchange‐rate policy and to ... More


Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

James D. Savage

Published in print:
2007
Published Online:
October 2011
ISBN:
9780199238699
eISBN:
9780191696770
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199238699.001.0001
Subject:
Political Science, European Union, Political Economy

The Maastricht Treaty and the Stability Growth Pact demand that EU member states comply with their famous deficit and debt requirements of three and sixty per cent of GDP. Yet, how can the EU's ... More


Towards a Federal Europe? The Euro and Institutional Change in Historical Perspective

Kathleen R. McNamara

in The State of the European Union, 6: Law, Politics, and Society

Published in print:
2003
Published Online:
April 2004
ISBN:
9780199257409
eISBN:
9780191600951
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019925740X.003.0012
Subject:
Political Science, European Union

This is the first of three chapters on salient EU policy innovations and expansion between 2000 and 2002, and it looks at European monetary policy (monetary integration) in light of the introduction ... More


Applications

DAVID MCKAY

in Federalism and European Union: A Political Economy Perspective

Published in print:
1999
Published Online:
October 2011
ISBN:
9780198296775
eISBN:
9780191685279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198296775.003.0007
Subject:
Political Science, European Union

This chapter attempts to apply some of the theories described to the European context. The main argument is that most of the scenarios provided by a range of respected economists will generate ... More


The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Tommaso Padoa-Schioppa

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This is a guide to the processes that led to the creation of the European single market and the signing of the Maastricht Treaty in 1992. The 2000 edition has only a few changes, but has been ... More


Abuses of Asymmetry: Privilege and Exclusion

Peter Leslie

in European Integration After Amsterdam: Institutional Dynamics and Prospects for Democracy

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198296409
eISBN:
9780191599989
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198296401.003.0011
Subject:
Political Science, European Union

Differentiated integration, e.g. arising out of the flexibility provisions of the Amsterdam Treaty, is a special instance of functional asymmetry within compound political systems such as federal ... More


Applications

David McKay

in Rush to Union: Understanding the European Federal Bargain

Published in print:
1996
Published Online:
October 2011
ISBN:
9780198280583
eISBN:
9780191684364
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198280583.003.0007
Subject:
Political Science, European Union

This chapter examines the application of a proposed conceptual framework for evaluating the viability of the EU. It compares the economic and political conditions of the EU with those prevalent in ... More


Unilateral and Multilateral Currency Unions: Thoughts from an EMU Perspective

Ignazio Angeloni

in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271405
eISBN:
9780191601200
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271402.003.0003
Subject:
Economics and Finance, Economic Systems

The distinction here explored between unilateral and multilateral currency union takes the experience of the European Monetary Union (EMU) as a basis. Unilateral currency union is the adoption by one ... More


Conceptualizing European unemployment: the emergence of a European employment policy

Diamond Ashiagbor

in The European Employment Strategy: Labour Market Regulation and New Governance

Published in print:
2005
Published Online:
January 2010
ISBN:
9780199279647
eISBN:
9780191707278
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199279647.003.0004
Subject:
Law, EU Law, Employment Law

This chapter examines the conceptualisation of European unemployment by comparing the Organisation for Economic Cooperation and Development Jobs Study and the European Commission's White Paper ... More


Enforcing Maastricht: The Significance of Treaty Surveillance

James D. Savage

in Making the EMU: The Politics of Budgetary Surveillance and the Enforcement of Maastricht

Published in print:
2007
Published Online:
October 2011
ISBN:
9780199238699
eISBN:
9780191696770
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199238699.003.0001
Subject:
Political Science, European Union, Political Economy

This chapter sets out the purpose of the book, which argues that the Maastricht Treaty created a surveillance procedure that proved to be critical, at times decisive, in the making of the Economic ... More


The EMS Is not Enough: The Need for Monetary Union

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

The long‐term prospects of the European Monetary System (EMS) are examined from a non‐technical viewpoint, considering the system as a variable rather than a given. The prospects are seen as ... More


Monetary Union and Political Union

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0011
Subject:
Economics and Finance, Macro- and Monetary Economics

The question of whether European Monetary Union is conceivable in the absence of political union is addressed in the light of the declaration made in 1989 by Nigel Lawson (then the British Chancellor ... More


The Puzzle of European Union

DAVID MCKAY

in Federalism and European Union: A Political Economy Perspective

Published in print:
1999
Published Online:
October 2011
ISBN:
9780198296775
eISBN:
9780191685279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198296775.003.0001
Subject:
Political Science, European Union

This chapter yields at the outset that no single explanation is sufficient to explore the Maastricht phenomenon. The claim is, merely, that the adopted realist perspective is the single most ... More


Prospects for the European Federal Bargain

DAVID MCKAY

in Federalism and European Union: A Political Economy Perspective

Published in print:
1999
Published Online:
October 2011
ISBN:
9780198296775
eISBN:
9780191685279
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198296775.003.0008
Subject:
Political Science, European Union

This chapter provides an audit on the future prospects of the European Union (EU), with particular attention focused on the likely scenarios under which the union, or parts of the union, might ... More


Monetary Union and Competition

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

The publication of the Delors Report in 1989 revived the classic confrontation between the institutional and market components of monetary systems. In the institutional component, public action is ... More


Italy Rescue from Without?

Maurizio Ferrera and Elisabetta Gualmini

in Welfare and Work in the Open Economy Volume II: Diverse Responses to Common Challenges in Twelve Countries

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199240920
eISBN:
9780191600180
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199240922.003.0008
Subject:
Political Science, Comparative Politics

Italy's economic and employment problems were to a large extent home made, whereas external economic and political pressures did facilitate internal revitalization. While export‐oriented industries ... More


Fiscal Compatibility and Monetary Constitution

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Published in print:
2000
Published Online:
November 2003
ISBN:
9780199241767
eISBN:
9780191596742
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199241767.003.0010
Subject:
Economics and Finance, Macro- and Monetary Economics

The issue is discussed of how much fiscal union (fiscal discipline and coordination) is needed among member countries’ budgets to ensure European Monetary Union. Aspects of the question addressed ... More


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