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European Statistical Case Law for Stage III Monetary Union, 1998–2004

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/9780199238699.003.0005
Subject:
Political Science, European Union, Political Economy

This chapter discusses the Eurostat's major rulings on the allocation of mobile phone licenses, swaps, and securitization that significantly influenced member states' fiscal positions. The swaps case ... More


Why EMU Is—or May Be—Good for European Welfare States

Martin Rhodes

in European States and the Euro: Europeanization, Variation, and Convergence

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199250257
eISBN:
9780191599101
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199250251.003.0013
Subject:
Political Science, European Union

Argues that the commonly expressed fear, that EMU will contribute to the decline of welfare states in Europe, is not clearly borne out by the historical evidence, and that it may even possibly come ... 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


Afterword to the Paperback Edition on Global Climate Change and the Kyoto Protocol

Scott Barrett

in Environment and Statecraft: The Strategy of Environmental Treaty-Making

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199286096
eISBN:
9780191602832
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199286094.003.0016
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter updates the previous chapter. It explains that while the Kyoto Protocol has entered into force, it is still unlikely to change behavior because the fundamental problems with this ... More


An Asymmetric EMU

Alicia Hinarejos

in The Euro Area Crisis in Constitutional Perspective

Published in print:
2015
Published Online:
August 2015
ISBN:
9780198714958
eISBN:
9780191783128
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714958.003.0002
Subject:
Law, EU Law

This chapter provides an overview of the original design of Economic and Monetary Union (EMU) and its flaws. It highlights the underlying tension within EMU between a centralized monetary policy, on ... More


Governing by Rules and Ruling by Numbers in the Eurozone Crisis

Vivien A. Schmidt

in Europe's Crisis of Legitimacy: Governing by Rules and Ruling by Numbers in the Eurozone

Published in print:
2020
Published Online:
July 2020
ISBN:
9780198797050
eISBN:
9780191838644
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198797050.003.0004
Subject:
Political Science, European Union, Political Economy

Chapter 4 provides an overview of the Eurozone crisis, to serve as a background for the subsequent four chapters which discuss in turn each of the four EU actors’ particular pathways to legitimacy, ... More


Discretion Rather Than Rules

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0006
Subject:
Political Science, Political Economy

Solutions to free riding, whether stability or growth free riding, are thought to be found in the provision of incentives. Yet the empirical findings of this chapter suggest that domestic fiscal ... More


Fiscal Policy Coordination: A Primer

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0002
Subject:
Political Science, Political Economy

This chapter sets the scene for this study by providing historical context and introducing the key aspects, processes, and players of fiscal policy coordination. In so doing it charts key ... More


New Institutional Dynamics in the European Union

Sergio Fabbrini

in The Political and Economic Dynamics of the Eurozone Crisis

Published in print:
2016
Published Online:
April 2016
ISBN:
9780198755739
eISBN:
9780191821615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198755739.003.0011
Subject:
Political Science, European Union

The European Union (EU) has been structured around interstate and inter-institutional compromises, as the compromise between a supranational and an intergovernmental view of the EU, the compromise ... More


Free Riding Beyond Hard Times

Charlotte Rommerskirchen

in EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm

Published in print:
2019
Published Online:
March 2019
ISBN:
9780198829010
eISBN:
9780191867446
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198829010.003.0009
Subject:
Political Science, Political Economy

Looking ahead, the legacy of the crisis years shapes fiscal policy coordination. The two main aspects of change considered in this chapter are purview and pliancy. First, fiscal policy has ceased to ... More


Can European Socioeconomic Governance Be Social Investment Proof?

Sonja Bekker

in The Uses of Social Investment

Published in print:
2017
Published Online:
July 2017
ISBN:
9780198790488
eISBN:
9780191831744
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198790488.003.0028
Subject:
Political Science, Comparative Politics

This chapter argues that EU socioeconomic coordination can support social investment. Both the Lisbon Treaty’s main norms and goals and the European Semester’s short-term goals are in line with ... More


The System of Limited Risk Sharing in the Euro Area

Waltraud Schelkle

in The Political Economy of Monetary Solidarity: Understanding the Euro Experiment

Published in print:
2017
Published Online:
April 2017
ISBN:
9780198717935
eISBN:
9780191787416
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198717935.003.0005
Subject:
Political Science, Political Economy

This chapter revisits first the crisis of the European Exchange Rate Mechanism in the early 1990s to address the question why decision makers of very different countries agreed on forming a currency ... More


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