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The New Intergovernmentalism: European Integration in the Post-Maastricht Era

Bickerton, Christopher, Hodson, Dermot, Puetter, Uwe, (2015), “The New Intergovernmentalism: European Integration in the Post-Maastricht Era”, Journal of Common Market Studies, Volume 53, Issue 4, pages 703–722, July 2015 The post-Maastricht period is marked by an integration paradox. While the basic constitutional features of the European Union have remained stable, EU activity has expanded to an unprecedented degree. This form of integration without supranationalism is no exception or temporary deviation from traditional …Read More

Does Banking Union Worsen the EU’s Democratic Deficit? The Need for Greater Supervisory Data Transparency

Gandrud, Christopher, Hallerberg, Mark, (2015), “Does Banking Union Worsen the EU’s Democratic Deficit? The Need for Greater Supervisory Data Transparency”, Journal of Common Market Studies, Volume 53, Issue 4, Pages 703–935,  July 2015 Does banking union exacerbate the European Union’s democratic deficit? Using Scharpf’s ‘input’ and ‘output’ legitimacy concepts, it is argued in this article that its design does worsen the democratic deficit. There are good reasons to limit ‘input legitimacy’ for …Read More

France, Germany and the New Framework for EMU Governance

Maris, Georgios, Sklias, Pantelis, (2015), “France, Germany and the New Framework for EMU Governance”, Journal of Contemporary European Studies, Vol.23, Issue 2, 13 Ιουλίου The European crisis is the best case study for examining both the vulnerabilities of Europe’s framework for economic governance and the very process of European integration itself. This statement is true for several reasons: first, because the European crisis is the most serious crisis the European …Read More

The political economy of financial crisis policy

Terzi, Alesio, O’ Keeffe, Michael, (2015), “The political economy of financial crisis policy”, Bruegel publications, 8 Ιουλίου Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on how certain political variables influence policy choices during banking crises and hence have an impact on fiscal outlays. We employ cross-country econometric evidence from all crisis episodes in the period 1970-2011 to examine …Read More

Varieties of Capitalism and the Euro Crisis

Hall, P. (2014), “Varieties of Capitalism and the Euro Crisis”, West European Politics, Vol. 37, Issue 6, pp. 1223-1243. This article examines the role played by varieties of capitalism in the euro crisis, considering the origins of the crisis, its progression, and the response to it. Deficiencies in the institutional arrangements governing the single currency are linked to economic doctrines of the 1990s. The roots of the crisis are linked …Read More

Germany’s Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?

Steinberg, Fr.,  Vermeiren Matt., (2015), “Germany’s Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?”, Journal of Common Market Studies, 2015, pp.1-20. In this article we examine the constraints on Germany’s influence over reforms of the Economic and Monetary Union’s (EMU) macroeconomic governance regime. Drawing on the insights of historical institutionalism, we show that the German government’s control over the process is constrained by the …Read More

Price discrimination by big manufacturers: Supporting arguments for its prohibition by European competition law

Herweg, F. & Müller, D. (2015) “Price discrimination by big manufacturers: Supporting arguments for its prohibition by European competition law“, VoxEU Organisation, 07 Απριλίου.   Manufacturers discriminating among retailers is an important issue in competition policy. Specifically, the EU allows quantity discounts but forbids discriminatory discounts – a policy that does not jive with standard economic analysis which suggests that banning price discrimination improves allocative efficiency and typically also raises …Read More

Income insurance: a theoretical exercise with empirical application for the euro area

Carnot, N. & Evans, P. (2015) “Income insurance: a theoretical exercise with empirical application for the euro area“, European Commission, Economic and Financial Affairs, European Economy – Economic Papers 546, Μάρτιος.   This paper examines whether hypothetical macroeconomic insurance schemes of various kinds could improve the degree of cyclical income stabilisation in the euro area. We review the potential issues, the underlying trade-offs and the necessary conditions for such schemes …Read More

Parliamentary administrations are an important pillar in the parliamentary scrutiny of EU affairs

Högenauer, A. L. & Neuhold, C. (2015) “Parliamentary administrations are an important pillar in the parliamentary scrutiny of EU affairs“, LSE EUROPP, 03 Απριλίου.   National parliaments were given new powers to scrutinise EU legislation in the Treaty of Lisbon. As Anna-Lena Högenauer and Christine Neuhold write, the intention was to bring EU issues closer to European citizens, however one largely overlooked feature is the role of parliamentary bureaucracies in …Read More

Capital control measures: A new dataset

Fernández, Α., Klein, W. M., Rebucci, A., Schindler, M. & Uribe, M. (2015) “Capital control measures: A new dataset“, VoxEU Organisation, 02 Απριλίου.   A renewed interest in capital controls following the Great Recession requires a serious empirical reconsideration of their effectiveness as policy instruments. This column introduces a new dataset that features unprecedented levels of disaggregation between asset categories, and distinguishes transactions between residents and non-residents. The ensuing debate …Read More