Full Description
This book adopts a comprehensive approach, combining the views of economists and political scientists, to assess the threats of maintaining the non-collaborative stance that prevailed in the response to past crises, and to explore new solutions to the present emergency. The coronavirus pandemic represents a serious test for the continued existence of the European Monetary Union. It has worsened pre-existing divisions among its members and highlighted the urgent need to address institutional and governance problems that were already apparent in the aftermath of the financial crisis and sovereign debt crisis, but have now gained in relevance following the more widespread impact of the disease across the European Union.
This book discusses concrete strategies to overcome the current challenges, focusing on the need to build an effective economic and monetary union. It also reflects on ways of pursuing conformity with discipline and coordination rules while also adopting a more collaborative stance that has so far been absent in the Eurozone and has consistently undermined the political and social dimensions of the common currency project.
Contents
1. The Future of the Euro Zone: A Reflection Paper on the North/South Divide.- 2. European Monetary Union and the Covid-19 Crisis: A Tightrope Act with the Risk of Falling.- 3. Europe at the Crossroads of the COVID-19 Crisis: Integrated Macroeconomic Policy Solutions for an Asymmetric Area.- 4. From Deadlocks to Breakthroughs: How We Can Complete the Banking Union and Why it Matters to All of Us.- 5. A Rule-Based Monetary Strategy for the European Central Bank: A Call for Monetary Stability.- 6. Searching for a New Balance for the Eurozone Governance in the Aftermath of the Coronavirus Crisis.- 7. Surfing the Epidemic at the Zero Lower Bound: A Eurozone Fiscal Era?.- 8. Reforming Under Pressure: The Evolution of Eurozone's Fiscal Governance During a Decade of Crises.- 9. Essential and Non-Essential Goods: A Dynamic Stochastic General Equilibrium Modelling of the Infectious Disease Coronavirus (COVID-19) Outbreak.- 10. Social Challenges for the Eurozone.- 11. Protecting Jobs and Incomesin Europe: Towards an EU Capacity for Employment Stabilization in the Pandemic Period.- 12. Changes in Labour Market Institutions and Unemployment in European Countries: An Empirical Analysis on the Short- and Long-Run Effects of Flexibility Measures.- 13. Austerity, Human Rights Erosion and Political Radicalization: Implications for Eurozone Governance Reform.- 14. The Politics of Covid-19: The Discourse on the Nature of the Economic Crisis and the Legitimization of EU's Response.- 15. Institutional Rebalancing in the Wake of the Covid-19 Pandemic.- 16. The Post-pandemic Euro: Macroeconomic Lessons Learned from Crises and Economic Orthodoxies.
