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The Cambridge Handbook of European Monetary, Economic and Financial Integration

The Cambridge Handbook of European Monetary, Economic and Financial Integration

The Cambridge Handbook of European Monetary, Economic and Financial Integration

Editors:
Dariusz Adamski, University of Wroclaw
Fabian Amtenbrink, Erasmus Universiteit Rotterdam
Jakob de Haan, University of Groningen
Dariusz Adamski, Fabian Amtenbrink, Jakob de Haan, Barry Eichengreen, Amy Verdun, Harold James, Kenneth Dyson, Iain Begg, Waltraud Schelkle, Nauro F. Campos, Michele Chang, Dirk Schoenmaker, Hans Stegeman, Sebastian Diessner, Ana Bobić, Mark Dawson, Maria Demertzis, Marta Domínguez Jiménez, Nicola Viegi, Edgars Eihmanis, Menelaos Markakis, Bram Gootjes, Fabio Wasserfallen, Sergio Fabbrini, Andrea Capati, Roel Beetsma, George Kopits, Jacopo Cimadomo, Esther Gordo Mora, Alessandra Anna Palazzo, Katarzyna Parchimowicz, Elena Ríos Camacho, Jens-Hinrich Binder, Willem Pieter de Groen, Giuseppe Montalbano, Markus Haverland, Diego Valiante, Marco Lamandini, David Ramos Muñoz, Karel Lannoo
Published:
October 2023
Availability:
Available
Format:
Hardback
ISBN:
9781009364690

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    This Handbook provides a comprehensive analysis of the past, present, and future of the European Economic and Monetary Union in its broader context. It incorporates economic, legal and political science perspectives to provide an in-depth and forward-looking scrutiny of the rationales, the main features and the shortcomings of the economic, monetary and financial integration in the euro area. Studying its complex, highly interconnected governance structures, the authors suggest directions for necessary reforms. With contributions from a diverse group of leading experts in their fields, this volume is truly versatile in its scope and approach, whilst remaining accessible for readers of different academic backgrounds.

    • Provides an interdisciplinary and multi-disciplinary analysis of the current system governing European Economic and Monetary Union and finds solutions to the main problems that are being identified in the system
    • Offers a discussion of the political, economic, and legal rationale for the introduction of European EMU and for the main features of the governance framework
    • Provides an overview, backed up by detailed discussions, of the main issues at play concerning the conduct of the single monetary policy by the ECB in the euro area

    Product details

    October 2023
    Hardback
    9781009364690
    800 pages
    262 × 185 × 37 mm
    1.3kg
    Available

    Table of Contents

    • Part I. The Economic and Monetary Union: Political, Economic and Legal Rationales:
    • 1. Conceptual foundations of economic and monetary union: the economic dimension Barry Eichengreen
    • 2. Theorizing economic and monetary union – between concepts and pragmatism Amy Verdun
    • 3. Monetary union and the single currency Harold James
    • 4. On the misalignment of monetary, economic and political integration in European economic and monetary union Fabian Amtenbrink
    • 5. Ideas, interests, and power: Germany's complex balancing act in the process of economic and monetary union in Europe Kenneth Dyson
    • 6. Coping with economic crises through learning by doing: an evolving policy response Iain Begg
    • 7. The political economy of reinsurance Waltraud Schelkle
    • 8. Euro crises, the productivity slowdown and the EMU Nauro F. Campos
    • Part II. The Monetary Dimension:
    • 9. The overburdened monetary policy mandate of the ECB Dariusz Adamski
    • 10. Government bond buying by the European Central Bank: leadership versus accountability Michele Chang
    • 11. ECB monetary policies: the increasing importance of communication Jakob de Haan
    • 12. From market to green economics: impact on monetary and financial policies Dirk Schoenmaker and Hans Stegeman
    • 13. The politics of monetary union and the democratic legitimacy of the ECB as a strategic actor Sebastian Diessner
    • 14. How can courts contribute to accountability in EU monetary policy? Ana Bobić and Mark Dawson
    • Part III. The Economic and Fiscal Dimensions:
    • 15. Reviving the case for policy coordination in EMU Maria Demertzis, Marta Domínguez Jiménez and Nicola Viegi
    • 16. Ten years of the European semester: from sovereign debt crisis to COVID-19 Crisis Edgars Eihmanis
    • 17. The EU fiscal rules: principle, policy and reform prospects Menelaos Markakis
    • 18. National fiscal policy in EMU: insufficient sustainability and stabilisation? Jakob de Haan and Bram Gootjes
    • 19. The politics of fiscal integration in Eurozone reforms and next generation EU Fabio Wasserfallen
    • 20. Adjustments in economic crises: the different outcomes of the sovereign debt and pandemic crises in Europe Sergio Fabbrini and Andrea Capati
    • 21. Designing a permanent EU-wide stabilisation facility Roel Beetsma and George Kopits
    • 22. Enhancing private and public risk-sharing: lessons from the Literature and Reflections on the Covid-19 crisis Jacopo Cimadomo, Esther Gordo Mora and Alessandra Anna Palazzo
    • Part IV. Financial Integration:
    • 23. Banking regulation in Europe: from reaction to thinking ahead Katarzyna Parchimowicz
    • 24. The politics behind the creation of the banking union Elena Ríos Camacho
    • 25. Failing banks within the banking union at the crossroads: a great step forward – with many loose ends Jens-Hinrich Binder
    • 26. The banking union: supervision and crisis management Willem Pieter de Groen
    • 27. The reemergence of market-based finance? The politics of capital markets union Giuseppe Montalbano and Markus Haverland
    • 28. The European strategy on digital finance and its interplay with capital markets integration in the EU Diego Valiante, Marco Lamandini and David Ramos Muñoz
    • 29. Regulating crypto and cyberware in the EU Karel Lannoo.
      Contributors
    • Dariusz Adamski, Fabian Amtenbrink, Jakob de Haan, Barry Eichengreen, Amy Verdun, Harold James, Kenneth Dyson, Iain Begg, Waltraud Schelkle, Nauro F. Campos, Michele Chang, Dirk Schoenmaker, Hans Stegeman, Sebastian Diessner, Ana Bobić, Mark Dawson, Maria Demertzis, Marta Domínguez Jiménez, Nicola Viegi, Edgars Eihmanis, Menelaos Markakis, Bram Gootjes, Fabio Wasserfallen, Sergio Fabbrini, Andrea Capati, Roel Beetsma, George Kopits, Jacopo Cimadomo, Esther Gordo Mora, Alessandra Anna Palazzo, Katarzyna Parchimowicz, Elena Ríos Camacho, Jens-Hinrich Binder, Willem Pieter de Groen, Giuseppe Montalbano, Markus Haverland, Diego Valiante, Marco Lamandini, David Ramos Muñoz, Karel Lannoo

    • Editors
    • Dariusz Adamski , University of Wroclaw

      Dariusz Adamski has published widely on economic governance in the euro-area, as well as on legal aspects of the ECB's monetary policy and on regulation of financial institutions. He is the author of Redefining European Economic Integration (Cambridge University Press, 2018) and has been awardee of the 2018 ECB Legal Research Programme scholarship. He is a member of the Academic Board of the European Banking Institute.

    • Fabian Amtenbrink , Erasmus Universiteit Rotterdam

      Fabian Amtenbrink has published extensively on legal aspect of European economic and monetary (policy) integration and the European Banking Union. He is author of the widely-cited The Democratic Accountability of Central Banks: A Comparative Study (1999). He is a member of the editorial board of the European Law Review and co-editor of Nijhoff Studies in EU Law. He is a member of the Academic Board of the Erasmus Centre for Economic and Financial Governance.

    • Jakob de Haan , University of Groningen

      Jakob de Haan published extensively on issues like public debt, monetary policy, central bank independence, banking, and European integration. He is member of the editorial board of Public Choice, European Union Politics, the Journal of International Money and Finance, and the Journal of Common Market Studies. From 2009-2020 he has been Head of Research of De Nederlandsche Bank.