Europe and the Euro: Integration, Crisis and Policies

by Enrico Marelli, Marcello Signorelli

Overview

This book offers a fresh perspective on the recent Eurozone "double crisis" and its related economic policies. The authors present empirical evidence which sheds new light on the growing economic and political debate on the future of the Euro, the Eurozone and the EU. The book investigates and assesses the impact of the crisis with particular reference to monetary and fiscal policy, whose protracted austerity approach has dampened economic growth. In their discussion of the long-run European integration process, the authors emphasize the original weaknesses in the construction of the European Monetary Union and examine its failure to respond to the recent crisis. The concluding chapter focuses on the need for crucial reform in European governance and discusses the impact of the UK’s recent EU membership referendum. Scholars, students and members of the general public with an interest in the future of the Eurozone will find this work thought-provoking, instructive and highly informative.

Product Details

ISBN-13:	9783319457284
Publisher:	Springer International Publishing
Publication date:	11/17/2016
Edition description:	1st ed. 2017
Pages:	182
Product dimensions:	5.83(w) x 8.27(h) x (d)

About the Author

Enrico Marelli is Professor of Economic Policy at the University of Brescia, Italy.

Marcello Signorelli is Associate Professor of Economic Policy at the University of Perugia, Italy.

Table of Contents

Foreword.- Preface.- 1. A Progressively Integrated European Community within the Global Economy.- 2. The European Monetary Union and OCA Theories: A Common Currency Waiting for a Real Economic Union.- 3. Monetary Policy and the European Central Bank: A Progressive Divorce from the Bundesbank Legacy?.- 4. Fiscal Policies and the EU Governance: Just Rules and Lack of Stabilisation Purposes.- 5. The Double Crisis in the Eurozone: Recession, Stagnation and High Unemployment.- 6. The EU's Policy Response: Too Little Too Late.- 7. The Need for Innovative Policies and Further Integration: A Real "Economic and Monetary" Union Leading to a Future Political Union?.

What People are Saying About This

From the Publisher

“Enrico Marelli and Marcello Signorelli provide an excellent analysis of the causes of the Eurozone crisis and of the strategies that we will have to follow to ensure the survival of the Euro.” (Paul De Grauwe, Professor of European Political Economy, London School of Economics, UK)

“After Brexit, the future of the European Union and the Eurozone are among the hottest issues in both contemporary economics and finance. This book by Enrico Marelli and Marcello Signorelli offers a broad survey of the causes, characteristics, and consequences of the economic decline in the Eurozone. It also proposes specific solutions to overcome the economic and financial crisis.” (Beniamino Moro, Professor of Economics, University of Cagliari, Italy)