Nazaré Da Costa Cabral

The European Monetary Union After the Crisis (eBook, ePUB)

From a Fiscal Union to Fiscal Capacity

• Format: ePub

Produktbeschreibung

This book provides a much-needed detailed analysis of the evolution of Europe over the last decade, as well as a discussion about the path of reform that has been trodden in the aftermath of the financial crisis. It offers a multidisciplinary view of the E(M)U and captures the main factors that induced the reform of the monetary union - a process that has not been linear and is far from being concluded.

The author examines the policy responses designed throughout the development of the crisis and assesses the scale of the crisis in Europe, in comparison to other parts of the world, as well as its prolonged effects both in economic and financial terms. An update on the current 'state of the art' in the conception of risk-sharing mechanisms is provided. With its innovative approach, the book analyses the financing issues which need to be taken into consideration in the design of these instruments and highlights the main categories of governmental risk-sharing mechanisms - in particular, the ones to be used as 'fiscal capacity'.

This is a timely and topical book and will be of interest to a broad audience, including experts, scholars and students of European affairs, particularly those with economic, financial, legal and political science backgrounds.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 316
• Erscheinungstermin: 9. Juni 2020
• Englisch
• ISBN-13: 9781000096569
• Artikelnr.: 59596991

Autorenporträt

Nazaré da Costa Cabral is Associate Professor at Lisbon School of Law of the University of Lisbon and principal researcher at the Center for European, Economic, Fiscal and Tax Law Research (CIDEEFF) of the same University. She is also Chair of the Senior Board of the Portuguese Public Finance Council.

Inhaltsangabe

1. Introduction Part I: The Great Financial Crisis and the Economic and
Monetary Union 2. From the financial crisis to the Euro crisis 3.
Misguiding signs in the policy responses to the EMU crisis Part II:
Governmental Risk-Sharing Mechanisms After the Crisis: from a Fiscal Union
to a Fiscal Capacity 4. The 'EMU's Great Reform' as an imperative 5. Risk
sharing mechanisms as a panacea for saving the Euro: a fiscal capacity for
the EMU 6. References