Alice in Euroland PDF Download

Author: Willem H. Buiter
Publisher:
ISBN: 9780753012734
Category : Banks and banking
Languages : en
Pages : 24

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Author: Willem H. Buiter
Publisher: Centre for Economic Policy Research
ISBN: 9781898128489
Category : Business & Economics
Languages : en
Pages : 44

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The paper contains a detailed critique of the common currency arrangements of the Economic and Monetary Union, embodied in the laws and emerging procedural arrangements that govern the actions of its key institutions: the European Central Bank and the European System of Central Banks. The main message here is 'Great idea, shame about the execution'. A number of improvements are then proposed. Some of these require amending the Treaty, including an end to the rule that each EMU member's national central bank has a seat on the Governing Council or the removal of the power of the Council of Ministers to give 'general orientations' for exchange rate policy. Others, notably in the areas of accountability, openness and transparency, could be implemented immediately, including publication of voting records, minutes and the inflation forecast. Improved arrangements are also advocated for the co-ordination of monetary and fiscal policy. And the article calls for a European Parliament that can both bark and bite.

Author: Otmar Issing
Publisher: Centre for Economic Policy Research
ISBN: 9781898128496
Category : Business & Economics
Languages : en
Pages : 40

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This paper responds to some of the questions raised by Willem Buiter in his article 'Alice in Euroland' (CEPR Policy Paper No. 1) relating to the Eurosystem's approach to transparency and accountability. In his paper Willem Buiter makes a number of specific proposals designed to enhance the ECB's transparency and accountability. In his reply, Issing states that monetary policy-makers, like anybody else, have to filter, process and structure relevant information and interpret it on the basis of a coherent frame of reasoning. This is the purpose of adopting a monetary policy strategy that serves as a guide both for internal decision-making and for external communication with the public. Therefore, he argues, transparency and accountability need to be discussed against the background of the stability-oriented monetary policy strategy that the ECB has actually adopted and not as if it were pursuing some other strategy such as direct inflation targeting.

Author: J. Ljungberg
Publisher: Springer
ISBN: 0230523803
Category : Business & Economics
Languages : en
Pages : 174

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This volume presents a critical examination of the EMU from different perspectives. It includes essays on the political economy of currency unions, on the Growth and Stability pact, the European Central Bank, an evaluation of the first four years of the EMU, and the costs and benefits for Sweden as well as for Britain of adopting the euro.

Author: Lynn Dobson
Publisher: Routledge
ISBN: 1134297041
Category : Political Science
Languages : en
Pages : 256

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In June 2003, the Convention on the Future of Europe released what may become the Constitution of the European Union. This timely volume provides one of the first critical assessments of the draft Constitution from the vantage point of political theory. The work combines detailed institutional analysis with normative political theory, bringing theoretical analysis to bear on the pressing issues of institutional design answered - or bypassed - by the draft Constitution. It addresses several themes that play out differently in federal arrangements than in unitary political orders: * European values, especially the legitimate role of alleged common values * liberty and powers - how does the draft Constitution address competing normative preferences? * the European interest: the noble words regarding common European objectives and values are often muddled or conflated, different actors intending quite different things. Several chapters contribute to clarifying the different senses of these terms.

Author: Jörg Bibow
Publisher: Springer
ISBN: 0230377556
Category : Business & Economics
Languages : en
Pages : 318

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This book takes a broad perspective to challenge orthodox views about the role of Euroland in the world economy, providing a comprehensive framework to address important questions for the future of the Euro, including the key question: will the single currency contribute to world economic dynamism or be driven by the vigour and vitality of others?

Author: Madeleine O. Hosli
Publisher: Routledge
ISBN: 1134528957
Category : Political Science
Languages : en
Pages : 295

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The European Union (EU) is a continuously evolving entity. Starting with six member states in the late 1950s, the EU currently encompasses fifteen states of Western Europe. It is expected to almost double in size in the near future, however, taking in a number of states located in Central and Eastern Europe, in addition to Cyprus and Malta. This dramatic increase has lead to an intensive debate on how the institutions of the EU should be adapted in order to cope with this growth. This book addresses the challenges that EU enlargement and institutional change imply for various policy fields, such as EU trade policy, agriculture and monetary policy in the framework of European economic and monetary union. It will be of interest to economists and political scientists seeking an up-to-date overview of institutional challenges facing the European Union

Author: Richard McAllister
Publisher: Routledge
ISBN: 113413360X
Category : Business & Economics
Languages : en
Pages : 294

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The new edition of this best-selling text provides the most up-to-date single volume history of the European Union from its origins through to the present day. Fully updated and revised throughout, this is the ideal starting point for students and others wishing to read an accessible, readable and comprehensive account of the development of the EU. Topics new to this edition: The impact of the Euro and economic and monetary union. Analysis of post-9/11 splits in the EU over Afghanistan and Iraq, and debates on the New European security order and the threat posed by terrorism. The enlargement of the EU to 27 members and discussions over further expansion. The initial failure of the EU Constitutional Treaty. The growth in Euroscepticism across the continent. An engaging contribution to the understanding of the past, present and uncertain future of European integration, European Union is essential reading for all students of European history, European Union politics, and International Relations.

Author: Alex Warleigh
Publisher: Routledge
ISBN: 1134548079
Category : Political Science
Languages : en
Pages : 217

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Understanding the institutions of the European Union is vital to understanding how it functions. This book provides students with a user-friendly introduction to the main institutions, and explains their different roles in the functioning and development of the European Union. Key features: * introduces and explains the functions of all the main institutions dividing them into those that have a policy-making role, those that oversee and regulate, and those that operate in an advisory capacity * provides students with an overview of the history of the European Union and the development of its institutions and considers their continuing importance to the success of the European Union * clearly written by experienced and knowledgeable teachers of the subject * presented in a student friendly format, providing boxed concepts and summaries, guides to further reading, figures and flowcharts, and a glossary of terms.

Author: Catherine Hoskyns
Publisher: Routledge
ISBN: 1351522752
Category : Political Science
Languages : en
Pages : 224

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Book Description
The European Union's "democratic deficit" and ways that might be found to resolve it are hot issues in both academic debate and practical politics. Democratizing the European Union offers a fresh approach to this subject by bringing together a diverse range of authors who have been actively involved either in analyzing the activities of the European Union or participating in them.The contributors go beyond a primarily institutional approach by highlighting issues having to do with values, participation, and exclusion. Collectively this volume also transcends the limitations of abstract theory. Embracing a range of perspectives, and including discussions of major contemporary challenges, such as enlargement and economic and monetary union, this book contains a detailed analysis of the response of New Labour to the democratization debate. The contributions include: Sue Cohen, "Social Solidarity in the Delors Period"; Sverker Gustavsson, "Reconciling Suprastatism and Accountability: A View from Sweden"; Stefano Fella, "A Europe of the Peoples? New Labour and Democratizing the EU"; John Lambert and Catherine Hoskyns, "How Democratic is the European Parliament?"; Valerio Lintner, "Controlling Monetary Union"; Mary Kaldor, "Eastern Enlargement and Democracy"; Richard Kuper, "Democratization: A Constitutionalizing Process"; and Catherine Hoskyns, "Democratizing the EU: Evidence and Argument."Democratizing the European Union is essential reading for all those with an interest in the EU and broader questions of democracy. It is also particularly useful for students of European Studies and practitioners involved in EU policymaking and lobbying.