Morgan, Glenn, Whitley, Richard (Ed.), (2012), “Capitalisms and Capitalism in the Twenty-First Century”, International Political Economy Series, Oxford University Press, 26 Απριλίου The early twenty-first century is witnessing both an increasing internationalization of many markets, firms, and regulatory institutions, and a reinforcement of the key role of nation states in managing economic development, financial crises, and market upheavals in many OECD and developing economies. Drawing on a variety of interdisciplinary perspectives from …Read More
Making Progress In Economic And Monetary Union
Carlo Padoan, Pier, (2015), “Making Progress In Economic And Monetary Union”, Social Europe Journal, 9 Οκτωβρίου The recovery that has been developing over the past several quarters in Europe is encouraging but modest. To obtain stronger and more sustained growth and job creation, decisive policy action is needed beyond the current policy mix and the positive contribution by the ECB policy stance. Action must be accelerated on several fronts: structural …Read More
No coordination without representation
Terzi, Alessio, (2015), “No coordination without representation”, Bruegel publications. 8 Οκτωβρίου Further democratic legitimacy is a pre-requisite to economic union. This article explores how economic policies in the euro area should be coordinated, but this cannot be done in a mechanical rules-based manner. Arguing the contrary suggests a cavalier understanding of the complexity of economic policymaking. Σχετικές Αναρτήσεις Maçães, Bruno, (2015), «The missing piece in the EMU puzzle: Economic policy …Read More
Market Expansion and Social Dumping in Europe
Bernaciak, Magdalena, (2015), “Market Expansion and Social Dumping in Europe”, European Union Series, Routledge publications, 9 Ιουνίου This book systematically examines social dumping in the context of the European integration process. It defines social dumping as the practice, undertaken by self-interested market participants, of undermining or evading existing social regulations with the aim of gaining a competitive advantage. It also shows how the two major EU integration projects ? the creation …Read More
Light and shadows in Europe’s new Action Plan for Capital Markets Union
Valiante, Diego, (2015), “Light and shadows in Europe’s new Action Plan for Capital Markets Union”, ECMI Commentary, No. 40, Ceps, 6 Οκτωβρίου The European Commission’s new Action Plan for Capital Markets Union, unveiled on September 30th, consists in a nutshell of a short list of technical proposals and a longer one of (rather general) potential actions. Overall, the plan indeed proposes to achieve some short-term objectives, such as a reduction of …Read More
Europe’s capital markets union and the new single market challenge
Véron, Nicolas, (2015), “Europe’s capital markets union and the new single market challenge”, Voxeu, 8 Οκτωβρίου The EU has started conversations on a capital markets union, raising questions about integration of services such as finance. This column argues that regulated services are especially important for the European economy. Europeans will eventually be faced with a choice between maintaining sovereignty and building a single market. Whereas the ‘old’ single market in goods …Read More
To bail out or not to bail out? Crisis politics, credibility, and default risk in the Eurozone
Bølstad, Jørgen, Elhardt, Christoph, (2015), “To bail out or not to bail out? Crisis politics, credibility, and default risk in the Eurozone”, European Union Politics, Issue 16, Volume 3, Σεπτέμβριος We examine the impact of signals regarding the Eurozone’s bail-out commitment on government bond spreads in the Eurozone’s periphery, analysing the effect of positive, negative and mixed statements and decisions by the EU, the ECB and Germany. We construct a dataset of relevant …Read More
World Economic Outlook
IMF, (2015), ” World Economic Outlook”, IMF Research, 6 Οκτωβρίου Six years after the world economy emerged from its broadest and deepest postwar recession, the holy grail of robust and synchronized global expansion remains elusive. Despite considerable differences in country-specific outlooks, the new forecasts mark down expected near-term growth marginally but nearly across the board. Moreover, downside risks to the world economy appear more pronounced than they did just a few …Read More
Why We Need More Radical Policies To Kickstart Global Growth
Turner, Adair, (2015), “Why We Need More Radical Policies To Kickstart Global Growth”, Social Europe Journal, 7 Οκτωβρίου For two years, financial markets have repeated the same error – predicting that US interest rates will rise within about six months, only to see the horizon recede. This serial misjudgment is the result not of unforeseeable events, but of a failure to grasp the strength and global nature of the deflationary …Read More
Europe’s Robin Hood Tax Is a Risky Proposal
Bloomberg View, (2015), “Europe’s Robin Hood Tax Is a Risky Proposal”, 5 Οκτωβρίου It has been called a Robin Hood tax (a term favored by acolytes of British Labour leader Jeremy Corbyn) and a Tobin Tax, after the Yale economist James Tobin who popularized it. Whatever the name, a tax on financial transactions first proposed in 1936 by John Maynard Keynes may soon become a reality in 11 European countries. Σχετικές …Read More