Economic And Monetary Union With Fiscal Federalism
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Author | : Mark Baimbridge |
Publisher | : Routledge |
Total Pages | : 235 |
Release | : 2005-06-28 |
Genre | : Business & Economics |
ISBN | : 1134538758 |
Download Fiscal Federalism and European Economic Integration Book in PDF, Epub and Kindle
The pace of economic integration amongst European Union (EU) member states has accelerated considerably during the past decade, highlighted by the process of Economic and Monetary Union (EMU). Many aspects of the EU's apparatus, however, have failed to evolve in order to meets these new challenges. This book explores the issue of fiscal federalism within the context of EU integration from theoretical, historical, policy and global perspectives. It contrasts the pace of integration amongst EU member states with the failure of financial and administrative apparatus to evolve to encompass fiscal federalism, i.e. the development of a centralised budgetary system. This impressive collection, with contributions from a range of internationally respected authors, shall interest students and researchers involved with European economics and economic integration. Its accessible style will also make it extremely useful to policy-makers and professionals for whom European economic integration is a daily topic of conversation.
Author | : Paulo Vila Maior |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 224 |
Release | : 2010-07 |
Genre | : Finance, Public |
ISBN | : 9783838308319 |
Download Economic and Monetary Union with Fiscal Federalism Book in PDF, Epub and Kindle
Many economists argued that Economic and Monetary Union (EMU) is flawed for the absence of 'conventional fiscal federalism'. They claim that the political-economic rationale of EMU ruled out national mechanisms of adjustment, exposing fragile member states to economic shocks. This, in turn, reinforces the case for 'conventional fiscal federalism' in the European Union (EU). The book engages on a comparative exercise between the EU and five federations where fiscal federalism is key to their political- economic organisation. To that purpose, three analytical dimensions of fiscal policy are tested on the centralisation- decentralisation spectrum: resource allocation, redistribution and macroeconomic stabilisation. The uniqueness of the EU is the independent variable in the comparative analysis. It is, at the same time, the major obstacle to the political feasibility of 'conventional fiscal federalism' in the EU context. To this extent, the book should be useful to students of European integration in general, especially to those working on the political economy of EMU, and to students of federalism.
Author | : Albertino Paulo Vila Maior Guimarães Monteiro |
Publisher | : |
Total Pages | : 548 |
Release | : 2005 |
Genre | : |
ISBN | : |
Download Economic and Monetary Union Book in PDF, Epub and Kindle
Author | : Jürgen von Hagen |
Publisher | : |
Total Pages | : 52 |
Release | : 1992 |
Genre | : Fiscal policy |
ISBN | : |
Download Currency Union and Fiscal Union Book in PDF, Epub and Kindle
Author | : Jürgen von Hagen |
Publisher | : |
Total Pages | : 100 |
Release | : 1991 |
Genre | : |
ISBN | : |
Download Currency Union and Fiscal Federalism Book in PDF, Epub and Kindle
Author | : Marco Buti |
Publisher | : Edward Elgar Publishing |
Total Pages | : 321 |
Release | : 2005-01-01 |
Genre | : Business & Economics |
ISBN | : 1845426711 |
Download Fiscal Policy in Economic and Monetary Union Book in PDF, Epub and Kindle
The book has many merits, and represents an important contribution to the controversial topic of European fiscal policy. I appreciated in particular the high quality and rigor of the analysis and the fact that the pros and cons of the contending opinions are presented in a fair way. It is a rewarding reading. EAEPE Newsletter Buti and Franco present a series of interesting analytical information which should be read by as broad an audience as possible. . . the book is a good buy. László Csaba, Acta Oeconomica This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU s budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational nature. The authors, who have been at the forefront of the academic and policy debate on economic policy in Europe, argue that fiscal policy has always been at the core of the EMU debate. The Maastricht criteria and the Stability and Growth Pact are the most contentious building blocks of EMU s institutional architecture: they have aroused heated controversies between academics and policymakers ever since their adoption. As EMU s budgetary rules undergo their first severe shock, Europe is still searching for its fiscal soul. The book s basic premise is that one cannot fully understand EMU s fiscal framework and the recent debate on its reform without placing them in a historical and institutional perspective and abstracting from the uniqueness of EMU, where sovereign countries retain a large degree of fiscal independence, and monetary policy is entrusted to an independent central bank with the overriding mission of maintaining price stability. Analysing all aspects of EMU s fiscal rules and institutions, this book will strongly appeal to students, academics and researchers of macroeconomic policy and European integration. Policymakers and fiscal policy experts at both national and international levels will also find the book to be of great interest.
Author | : Andrew Hughes Hallett |
Publisher | : Cambridge University Press |
Total Pages | : 380 |
Release | : 1999-10-07 |
Genre | : Business & Economics |
ISBN | : 9780521651622 |
Download Fiscal Aspects of European Monetary Integration Book in PDF, Epub and Kindle
A survey of fiscal policy under the restrictions of a single monetary policy and the Stability Pact.
Author | : P. Spahn |
Publisher | : Springer |
Total Pages | : 219 |
Release | : 1993-06-07 |
Genre | : Business & Economics |
ISBN | : 0230372678 |
Download The Community Budget for an Economic and Monetary Union Book in PDF, Epub and Kindle
Maastricht will induce changes to the EC budget the various dimensions of which are explored in this volume. Based on the theory of fiscal federalism the author discusses important aspects of multilayer government finance for existing federations - Australia, Germany, Switzerland and the USA. He sketches the effects of an Economic and Monetary Union (EMU) onto the Community budget, and concludes with a systematic treatment of revenue instruments for its future financing
Author | : Norbert Berthold |
Publisher | : |
Total Pages | : 28 |
Release | : 1994 |
Genre | : Europe |
ISBN | : |
Download Fiscal Federalism in Europe Book in PDF, Epub and Kindle
Estudio sobre la utilidad de las politicas fiscales como instrumento de estabilizacion que favorezca el desarrollo de la Union Economica y Monetaria, y el nivel institucional en el que deberian aplicarse (centralizado / descentralizado). Considera que, aunque las politicas fiscales no son el instrumento mas apropiado para responder a las perturbaciones economicas, son inevitables por razones politicas. En este caso, es partidario de las politicas fiscales descentralizadas porque estan mas disciplinadas por las fuerzas mercado. Contiene bibliografia. (pgp).
Author | : Kenneth Kletzer |
Publisher | : |
Total Pages | : 50 |
Release | : 2000 |
Genre | : Europe |
ISBN | : |
Download Monetary Union and Fiscal Federalism Book in PDF, Epub and Kindle