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Journal articles on the topic 'Economic and Monetary Union – Public opinion'

Author: Grafiati

Published: 10 March 2023

Last updated: 31 July 2025

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1

Decaluwé, Bernard. "Le système monétaire européen : Où en sommes-nous?" Études internationales 12, no. 3 (2005): 445–63. http://dx.doi.org/10.7202/701232ar.

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The decisions of the Council of Europe on December 5"', 1978, that would lead to the establishment of the European Monetary System, raise a multitude of questions. Among these, the creation of a European currency unit, the ECU, and the announcement of the establishment in the near future of a European Monetary Fund, the E.M.F., are the most symbolic decisions in terms of public opinion as well as the most important in their economic and political implications. In this article, we will show that the development of the ECU and the creation of a E.M.F. with substantial decisional autonomy are the

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2

Majone, Giandomenico. "Public policymaking and its analysis at National and European Levels." Studia z Polityki Publicznej, no. 2(6) (June 1, 2015): 9–40. http://dx.doi.org/10.33119/kszpp.2015.2.1.

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The author describes the specific features of public policy process at the European Unionlevel and its differences related to policy-making at national level. He underlines, amongother things that the policy agenda in the European Union is being shaped differently.At the national level the agenda is under greater influence of politicians who are closelyinterconnected with voters. At the European Union level the technocratic (not directlyelected) European Commission has a monopoly of legislative initiative. Furthermore, atthe European level feasibility studies – as an element of the pre-decisio

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Diyachenko, Ekaterina. "The Court of the Eurasian Economic Union: commentary on the Advisory Opinion of November 22, 2022 in case No.CE-2-2/1-22 on methods of providing guarantees in public procurement." Meždunarodnoe pravosudie 13, no. 1 (2023): 21–28. https://doi.org/10.21128/2226-2059-2023-1-21-28.

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The Eurasian Economic Union Court issued an advisory opinion in November, 2022, on an application from the Eurasian Economic Commission for clarification of certain provisions of para. 18 of the Protocol on the Procedure for Regulating Procurement, which is Annex 25 to the Eurasian Economic Union Treaty. The question put forward by the applicant was whether Member States had an obligation to implement in their national legislation the types of tender security listed in these para. 18 provisions: a bank guarantee and a monetary contribution guarantee. The reason for the application was the abse

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4

Degner, Hanno, and Dirk Leuffen. "Crises and Responsiveness: Analysing German Preference Formation During the Eurozone Crisis." Political Studies Review 18, no. 4 (2019): 491–506. http://dx.doi.org/10.1177/1478929919864902.

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Do crises increase governmental responsiveness to citizens’ policy demands in the European Union? Building on the responsiveness literature, we challenge the claim that well-organized business interests determine governmental preferences in times of crisis. We argue instead, that vote-seeking governments rather account for citizens’ policy demands, given particularly high levels of saliency and public attention prevalent during crises. To test our theory, we analyse the formation of German governmental preferences on Economic and Monetary Union reforms during the Eurozone Crisis. We use novel

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Dimitrijević, Marko. "Principles of monetary law: Classical vs modern approach." Zbornik radova Pravnog fakulteta Nis 63, no. 102 (2024): 125–42. http://dx.doi.org/10.5937/zrpfn1-52766.

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The subject matter of analysis in this paper is the importance, value and reach of the principles of monetary law which are observed through the prism of their original field of application and social justification in the period of early development, and the subsequent establishment of this positive law branch in the legal order, which indisputably determined the axiology and confirmed the validity of the academic and practical study of this scientific discipline. The paper further examines the theses on the (un)sustainability of the original principles (lex monetae) in the circumstances of ac

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MARCHENKO, Sergii. "Strategic public finance governance: European integration course, international trends, national peculiarities." Fìnansi Ukraïni 2022, no. 1 (2022): 7–26. http://dx.doi.org/10.33763/finukr2022.01.007.

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The experience of public finance management in the EU in the framework of tightly controlled coordination of medium-term fiscal policy and the single monetary policy of the European Monetary Union (EMU) indicates that Strategic Public Finance Governance (SPFG) should be distinguished from the strategy for reforming the public finance management system within the established approaches of Public Finance Management (PFM) as general from special. The Strategic Public Finance Governance Mission (SPFG) is seen as enhancing the government’s financial capacity to respond in a timely and adequate mann

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Fjelstul, Joshua C. "Explaining public opinion on the enforcement of the Stability and Growth Pact during the European sovereign debt crisis." European Union Politics 23, no. 2 (2022): 192–211. http://dx.doi.org/10.1177/14651165221075940.

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The EU reformed the regulatory rules of the Eurozone in response to the European sovereign debt crisis, empowering the EU to more effectively enforce the Stability and Growth Pact (SGP), which is designed to prevent debt crises. Given recent empirical evidence that the EU’s willingness to enforce EU law depends on public opinion, under what conditions will EU residents view SGP enforcement as an effective way of tackling the crisis? I theorize how individuals will evaluate SGP enforcement and test my theory’s predictions using cross-national survey data from all Eurozone member states and Baye

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8

Kotliński, Kamil. "Treaty on Stability, Coordination and Governance in the Economic and Monetary Union as an Instrument of Fiscal Policy Coordination in the European Union." Oeconomia Copernicana 4, no. 2 (2013): 5–20. http://dx.doi.org/10.12775/oec.2013.010.

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The aim of this study is to assess the Treaty on Stability, Coordinationand Governance in the Economic and Monetary Union as an instrument fiscalpolicy coordination and identify some of the consequences that potentially carriesits use. All EU-members conduct independent fiscal policies, regardless of whetherthey are members of the euro zone or not. It is now known that one of the immediatecauses of the crisis in part the euro zone countries was permanent crossingfiscal convergence criteria as a result of an erroneous and irresponsible fiscalpolicy. Used so far forms of coordination of fiscal p

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9

Dudzik, Iwona, and Irena Brukwicka. "Potential benefits and risks from Poland’s accession to the euro area." VUZF Review 7, no. 1 (2022): 169–76. http://dx.doi.org/10.38188/2534-9228.22.1.17.

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This paper reviews the selected issues related to the potential benefits and risks of Poland’s accession to the euro area. Poland has joined the European Union in 2004. Being a member of the Economic and Monetary Union, Poland was obliged to adopt the euro as its currency, but the date of the above currency introduction was not specified. Poland’s joining the euro area is often discussed in political and economic debates. Such debates benefit primarily from politics and ideology, and the economic issues, associating possible benefits and risks resulting from Poland’s accession to the euro area

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10

Kouba, Luděk, Michal Mádr, Danuše Nerudová, and Petr Rozmahel. "Policy Autonomy, Coordination or Harmonization in the Persistently Heterogeneous European Union?" DANUBE: Law and Economics Review 7, no. 1 (2016): 53–71. http://dx.doi.org/10.1515/danb-2016-0004.

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Abstract Within the context of the continuing integration process in Europe, this paper addresses the question of whether policies in the EU should head towards autonomy, coordination or harmonization. Taking the path dependence effect into account, it is the authors’ opinion that Europe has gone too far in its integration process to be able to continue with policies being fully under the competences of individual member countries. However, the habitual question still arises: does fiscal policy need to be harmonized to a level comparable to monetary policy as these two policies, necessarily, c

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G. Panagopoulos, Athanasios. "Euro Zone Budget and its Effects on the European and Monetary Union (EMU) Integration." International Journal of Business Administration 11, no. 3 (2020): 83. http://dx.doi.org/10.5430/ijba.v11n3p83.

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The implemention of a monetary union in Europe, to take full benefit of the Single Market’s potential benefits, has not up till now delivered the expected outcomes. On the contrary, the euro area has been afflicted by many difficulties, including weak growth, unemployment, and inequality. Many blame the euro’s malfunctioning design, and especially its inability to promote economic convergence and provide amendment and stabilization mechanisms. The latter view prevailed when shaping the austerity policies imposed on the countries more affected by the financial and sovereign debt crises, intensi

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Fontan, Clement, and Sabine Saurugger. "Between a Rock and a Hard Place: Preference Formation in France During the Eurozone Crisis." Political Studies Review 18, no. 4 (2019): 507–24. http://dx.doi.org/10.1177/1478929919868600.

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This article analyses the causal factors underlying the formation of French preferences during the Eurozone crisis solving process (2008–2017). Going beyond the clear distinction between national preference formation and interstate bargaining of liberal intergovernmentalism, this article combines new intergovernmentalism, political economy and feedback loops to study the horizontal linkages between different actors included in the process of domestic preference formation. Based on the Economic and Monetary Union (EMU) Choices dataset, which includes semi-structured interviews conducted with Fr

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13

Lekka, Anastasia Chr. "How Memoranda of Understanding Have Affected EU Democratic Institutions in Southern EU Countries." International Journal of Social Science Research 5, no. 2 (2017): 25. http://dx.doi.org/10.5296/ijssr.v5i2.11692.

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The recent recession having emerged in 2007 has been the worst economic downturn since the time of Great Depression of 1929 in USA and spread across the European continent. In many European countries this led to severe sovereign debt crisis beginning in 2010 and was followed by implementation of austerity measures with significant impact on public, social and employment sector. Those tough austerity measures resulted in structural reforms of welfare and labor market especially in Southern EU countries like Greece, Spain, Portugal, Ireland and Italy representing the most prominent examples. The

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Busch, Andrew E. "Russian Influence in the United States." Mediaforum : Analytics, Forecasts, Information Management, no. 16 (June 30, 2025): 59–71. https://doi.org/10.31861/mediaforum.2025.16.59-71.

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In the proposed article, the author examines the sources and political consequences of American susceptibility to Putin's extensive propaganda, deployed in particular in the USA. It is emphasized that information campaigns in the media, in political organizations and in conservative religious circles have a certain influence on public opinion. More interesting, in the researcher's opinion, is the question of why many Americans have become susceptible to the topics of Russian propaganda in recent years. Аttention is paid to the most effective anti-Ukrainian topics, which in particular influence

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15

Kaasik, Peeter. "Kuulujuttudest Nõukogude Eestis partei ja julgeoleku meelsusaruannete põhjal 1944–1953 [Abstract: On rumours described in Communist Party and state security organ reports in Soviet Estonia in 1944–1953]." Ajalooline Ajakiri. The Estonian Historical Journal, no. 1 (November 18, 2018): 67–88. http://dx.doi.org/10.12697/aa.2018.1.03.

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Abstract: On rumours described in Communist Party and state security organ reports in Soviet Estonia in 1944–1953 The Soviet Union was characterised by total control over the expressions of opinion of its citizens. For this reason, public opinion was to a great extent expressed as rumours. The Soviet regime, in turn, treated rumours as anti-Soviet phenomena, on the one hand, because they contradicted official propaganda, and on the other hand because they also very directly hindered the implementation of Sovietisation and the ability of agitators to explain the advantages of the new regi

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16

Mutar Mahdi AL- SULTANI, Hanaa. "GEOGRAPHY AND ITS RELATIONSHIP TO DECISION- MAKING IN FOREIGN POLICY(RUSSIA AND UKRAINE MODEL) ((RESEARCH ON THE RELATIONSHIP OF GEOGRAPHY WITH OTHER SCIENCES))." RIMAK International Journal of Humanities and Social Sciences 4, no. 6 (2022): 432–47. http://dx.doi.org/10.47832/2717-8293.20.26.

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Geography is the science that studies all natural and human phenomena in one place Geography studies the natural factors that affected the land inhabited by man, Describes human populations in terms of their relationship to the environment Political geography is the study of political units and their problems from the point of view of geography, The survey studies the relief and climate areas that affect the conditions of states and the phenomena in them. As for the political decision, it is very measure that the state takes to prevent any interference in the affairs of its society, and the po

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Mutar Mahdi AL- SULTANI, Dr Hanaa. "GEOGRAPHY AND ITS RELATIONSHIP TO DECISION- MAKING IN FOREIGN POLICY (RUSSIA AND UKRAINE MODEL)." RIMAK International Journal of Humanities and Social Sciences 06, no. 01 (2024): 18–34. http://dx.doi.org/10.47832/2717-8293.27.2.

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Geography is the science that studies all natural and human phenomena in one place Geography studies the natural factors that affected the land inhabited by man, Describes human populations in terms of their relationship to the environment Political geography is the study of political units and their problems from the point of view of geography, The survey studies the relief and climate areas that affect the conditions of states and the phenomena in them. As for the political decision, it is very measure that the state takes to prevent any interference in the affairs of its society, and the po

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18

Sandholtz, Wayne. "Choosing union: monetary politics and Maastricht." International Organization 47, no. 1 (1993): 1–39. http://dx.doi.org/10.1017/s0020818300004690.

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At their Maastricht summit, heads of state of the European Community (EC) countries agreed to establish a single currency and a common central bank by the end of the century. For students of international political economy, the treaty on monetary union offers intriguing puzzles: Why did EC governments commit themselves to such a far-reaching sacrifice of sovereignty? Why did national political leaders in some cases outrun public opinion in their enthusiasm for monetary integration? This study seeks a political explanation of the choices that produced the late-1980s movement for monetary union

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19

Aglietto, Michel, and Christian Ghymers. "Monetary Integration in Europe: Introduction." Recherches économiques de Louvain 59, no. 1-2 (1993): 21–36. http://dx.doi.org/10.1017/s0770451800044237.

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Before undertaking the essential synthesis of the assembled contributions on European monetary integration, it seemed necessary, in the light of recent developments, to introduce this special number by a brief commentary on the conditions for the realisation of a viable monetary union.On the eve of the symbolic date of “Europe 1992”, the monetary events of September 1992 are a timely reminder that a “Community of currencies”, which by suppressing the final source of national divisions will bring about the single market, requires the strict respect of the preconditions. However, the latter appe

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20

Pietryka, Ilona. "The process of nominal and real convergence under the conditions of monetary integration." Equilibrium 3, no. 2 (2009): 51–66. http://dx.doi.org/10.12775/equil.2009.020.

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The creation of the Economic and Monetary Union is the next stage of monetary integration. Due to differentiation between Member States of the European Union, expenses and profits of participation in Eurosystem are not spread similarly. The first part of this paper reviews the fulfillment of nominal Maastricht criteria (stability of public finances, prices, exchange rate and interest rates). The second part presents the state of real convergence between countries either belonging to or aspiring to European Economic and Monetary Union (flexibility of prices and salaries, mobility of means of pr

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21

Kapteyn, P. J. G. "EMU and Central Bank: Chances Missed." European Constitutional Law Review 1, no. 1 (2004): 123–30. http://dx.doi.org/10.1017/s1574019605001239.

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Both the EU- and the EC-Treaties refer in prominent places to the establishment of economic and monetary union (Articles 2 EU and EC). This union is mentioned as one of the principal means of achieving the Union's and the Community's economic and social objectives. Such a prominent place is not allotted it in the Constitution. In its effort to separate the basic provisions from the other provisions in the treaties, the Convention decided to retain only the European Union's objectives in the actual constitutional part. The concrete activities pertaining to the economic and monetary union, as we

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22

Herzog, Bodo. "Judgment of the German Federal Constitutional Court (2 BvR 859/15) on the Public Sector Purchase Programme of the ECB: An Interdisciplinary Analysis." European Public Law 27, Issue 4 (2021): 653–72. http://dx.doi.org/10.54648/euro2021032.

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On 5 May 2020, the Federal Constitutional Court of Germany announced in a momentous ruling that the Public Sector Purchase Programme (PSPP) of the European Central Bank (ECB) exceeds European Union (EU) competences. This decision initiated a lively debate in law and economics all over Europe. This article provides a unique interdisciplinary reading of the ruling in order to clarify the line of argument. Considering a cross-disciplinary view enlightens the understanding of the historic judgment. Ultra-Vires, European Court of Justice, German Federal Constitutional Court, Public Sector Purchase

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23

Wroński, Marcin. "Eurozone ten years after the crisis. Structural weaknesses, implemented reforms and the future of the reform process." Przegląd Europejski, no. 3.20 (September 1, 2020): 79–95. http://dx.doi.org/10.31338/1641-2478pe.3.20.5.

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The article discusses the structural weaknesses of the Economic and Monetary Union (EMU), key reforms introduced after the financial crisis and the most important proposals of further EMU reforms present in the public debate. Reforms introduced during the last decade should be deemed to have positive results, however the EMU reform process has not yet been finished. Its successful completion depends on an agreement between Germany and France, which is hindered by conflicting economic interests and by different views on economic policy. The main purpose of this article is to demonstrate how pub

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Albuquerque Matos, Nuno. "Judicialization of Economic and Monetary Union: between a rock and a soft place?" Cuadernos Europeos de Deusto, no. 65 (September 23, 2021): 73–106. http://dx.doi.org/10.18543/ced-65-2021pp73-106.

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The European Central Bank has been active since the sovereign debt crisis that struck European Union Member States by putting in place several asset-purchasing programmes such as Outright Monetary Transactions and Public Sector Purchase Programme. As much as these decisions have proven the pivotal importance of this institution within the monetary union, they have also spurred controversy on potentially having exceeded the competences attributed to the Union. The german federal constitutional court heard challenges to both and requested the Court of Justice to decide on their validity within t

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Bräuninger, Thomas. "Fiscal constitutionalism in the economic and Monetary Union." International Journal of Organization Theory & Behavior 7, no. 4 (2004): 530–54. http://dx.doi.org/10.1108/ijotb-07-04-2004-b003.

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26

Begg, Iain, and David Green. "Banking supervision in Europe and economic and monetary union." Journal of European Public Policy 3, no. 3 (1996): 381–401. http://dx.doi.org/10.1080/13501769608407040.

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27

Anderton, R., R. Barrell, and J. W. In't Veld. "Macro Economic Convergence in Europe." National Institute Economic Review 138 (November 1991): 51–62. http://dx.doi.org/10.1177/002795019113800105.

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Economic convergence within the EMS member states is a precondition for further moves to economic and monetary integration. The Delors Report has set out a path toward EMU in three stages, where transition to the next stage depends on some degree of convergence being achieved in the previous stage. In October 1990, the European Council in Rome agreed that ‘in order to move on to the second phase (of economic and monetary union), further satisfactory and lasting progress toward real and monetary convergence will have to be achieved’ (Press communique, European Council, Rome, 28 October 1990). T

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Perkins, Andrew James. "The Legal and Economic Questions posed by the German Constitutional Court’s decision in the Public Sector Purchase Programme (PSPP) Case." ATHENS JOURNAL OF LAW 7, no. 3 (2021): 399–412. http://dx.doi.org/10.30958/ajl.7-3-7.

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This paper seeks to explore the PSPP decision of the German Constitutional Court and its effect on the monetary policy decisions taken by central banks. It begins by exploring the decision and its effect in Germany, together with its wider implications for the European Monetary Union before moving onto consider the standard of review that should be applied by the Courts when they are required to review central banks actions. Conclusions are reached to show that any standard of review should be limited because of the unique economic and political circumstances in which central bank decision mak

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Tsibulina, A. N. "EСONOMIC AND MONETARY UNION: CORRECTION ОF FAILURES". MGIMO Review of International Relations, № 4(31) (28 серпня 2013): 113–18. http://dx.doi.org/10.24833/2071-8160-2013-4-31-113-118.

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The articles deals with the initial design failures of the European and Monetary Union which could have lead to the current sovereign debt crisis of some of its member-states. It touches upon issues such as the Theory of Optimum Currency Areas, economic imbalances and situation with the public finances within the EU. The EU makes efforts to implement new initiatives which could prevent the euro area from future crises while debates remain on the best possible options. These initiatives imply not only deepening of economic integration but also of a political one. Under these circumstances reach

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Menguy, Séverine. "ADVANTAGES OF FOLLOWING A GOLDEN RULE IN A MONETARY UNION." Macroeconomic Dynamics 21, no. 2 (2015): 279–310. http://dx.doi.org/10.1017/s1365100515000462.

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The European sovereign debt crisis has revived the debate about appropriate fiscal rules in the European Economic and Monetary Union. Whereas the Stability and Growth Pact and the Fiscal Compact make no distinction between public consumption and investment expenditure, the aim of the current paper is to analyze the implications of the adoption of the Golden rule in a monetary union, distinguishing between the two types of public expenditure. With the help of a macroeconomic model, we show that introducing a Golden rule and smoothing public investment expenditure would be welfare-improving, and

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David, Ramiro Troitño. "The Current Economic Crisis of the EU and the European Economic Government." AICEI Proceedings 7, no. 1 (2012): 193–216. https://doi.org/10.5281/zenodo.4502729.

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The article presents the current economic crisis from an historical perspective, analyzing the building of the monetary integration and the common currency. The process is explained pointing out its effects on the European integration and outlining the positive and negative consequences of the introduction of a common currency in the European Union. The investigation continues with a general outlook of the current situation of the countries more affected by the current crisis, Greece, Ireland, Portugal, Spain and Italy. All of them have in common the necessity of extra funding in a context of

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32

Palokangas, Tapio. "Inflationary Financing of Government Expenditure in an Endogenous Growth Model." German Economic Review 4, no. 1 (2003): 121–37. http://dx.doi.org/10.1111/1468-0475.00075.

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Abstract This paper analyses the role of inflation in economies with endogenous growth and congestion in public services. Optimal policy rules are derived for public services and investment. The other findings are as follows. Monetary policy should maximize economic growth. The more inefficient the public sector is, the higher the growth-maximizing inflation rate is. If a currency union accepts a new member with an inefficient public sector, this will boost inflation in the union and decrease growth and welfare in all member economies of the union.

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Cameron, David R. "Economic and monetary union: underlying imperatives and third-stage dilemmas." Journal of European Public Policy 4, no. 3 (1997): 455–85. http://dx.doi.org/10.1080/13501769780000101.

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Teică, Ramona Andreea. "Analysis of the Public Debt Sustainability in the Economic and Monetary Union." Procedia Economics and Finance 3 (2012): 1081–87. http://dx.doi.org/10.1016/s2212-5671(12)00277-8.

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Stanek, Piotr. "Public debt sustainability and the participation of the new member states in the euro area." Economics and Business Review 14, no. 4 (2014): 22–37. http://dx.doi.org/10.18559/ebr.2014.4.836.

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The recent financial and economic crisis pushed the ratio of public debt to GDP in a number of industrialised countries to unprecedented levels. This phenomenon was especially marked in the peripheral countries of the euro area, which questioned again the adequacy of the institutional framework of the Economic and Monetary Union (including the Maastricht criteria related to public finance). Thus, the new entrants and candidates to the euro area must put a deeper emphasis on the interrelations between public debt sustainability and participation in the monetary union. The article analyses empir

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36

Amtenbrink, Fabian. "The ECB’s public sector securities purchase programmes – time for a final EU (legal) assessment?" Zeitschrift für europarechtliche Studien 28, no. 2 (2025): 232–57. https://doi.org/10.5771/1435-439x-2025-2-232.

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The contribution revisits the three landmark decisions of the European Court of Justice in Pringle, Gauweiler and Others, and Weiss and Others that mainly address the delineation of monetary and economic policy in the European Economic and Monetary Union and the scope of judicial review of monetary policy decisions, with the aim of assessing the significance of these decisions for the legal evaluation of current and future public sector securities purchase programmes, such as the recently completed Pandemic Emergency Purchase Programme (PEPP) and the Transmission Protection Instrument (TPI). W

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Nkwatoh, Louis S. "Does ECOWAS Macroeconomic Convergence Criteria Satisfy an Optimum Currency Area?" Journal of Economics and Management Sciences 1, no. 2 (2018): p61. http://dx.doi.org/10.30560/jems.v1n2p61.

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The Economic Community of West African States (ECOWAS) countries have expressed their desire to establish a monetary union by the year 2020 based on six macroeconomic convergence criteria. The desire is predicated on a series of strategies and various treaties ratified and signed by various ECOWAS Heads of governments and Central Banks’ Governors with more emphasis on the Maastricht-type set of convergence criteria that must be satisfied by all member countries before they ascend to the envisaged monetary union. Even though the convergence criteria may guarantee macroeconomic stability in a re

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ANDERSON, CHRISTOPHER J. "When in Doubt, Use Proxies." Comparative Political Studies 31, no. 5 (1998): 569–601. http://dx.doi.org/10.1177/0010414098031005002.

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This article argues that citizens employ proxies rooted in attitudes about domestic politics when responding to survey questions about the European integration process. It develops a model of public opinion toward European integration based on attitudes toward the political system, the incumbent government, and establishment parties. With the help of data from Eurobarometer 34.0, the study tests political and economic models of public support for membership in the European Union in Belgium, Denmark, France, Germany, Ireland, Italy, and Portugal. The analyses show that system and establishment

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Pinder, John. "The European Community, the Rule of Law and Representative Government: The Significance of the Intergovernmental Conferences." Government and Opposition 26, no. 2 (1991): 199–214. http://dx.doi.org/10.1111/j.1477-7053.1991.tb01133.x.

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THE INTERGOVERNMENTAL CONFERENCES ON ECONOMIC and monetary union and on political union will have consequences for economic efficiency and for political power within the European Community. Both will be important for the future of Europe. But the focus of this article is somewhat different: the implications for the rule of law and representative government. Only somewhat different, because the rule of law and representative government provide the most secure framework for economic efficiency and political power. But more significant, because they not only provide that framework but also embody

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Galtsina, Daria A. "Media and Public Opinion on E-Government in the Eurasian Economic Union." Vestnik of Saint Petersburg University. Language and Literature 13, no. 2 (2016): 149–62. http://dx.doi.org/10.21638/11701/spbu09.2016.214.

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Nicolaides, Phedon. "An Assessment of the Judgment of the Federal Constitutional Court of Germany On the Public Sector Asset Purchase Programme of the European Central Bank." Legal Issues of Economic Integration 47, Issue 3 (2020): 267–88. http://dx.doi.org/10.54648/leie2020016.

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The Federal Constitutional Court (FCC) of Germany has invented a new and impossible test of proportionality to declare as ultra vires the judgment of the Court of Justice of the European Union in Weiss. Instead of understanding proportionality as the least interventionist means of achieving a certain policy objective, it defines it as the balancing between conflicting policy objectives which in this case are monetary and economic policy. This is not the concept used by the Court of Justice. This definition of proportionality is intended as a substitute for the principle of conferral and whethe

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Forte, Francesco. "Röpke and Einaudi: from the Civitas of Persons to the Idea of Europe." Journal for Markets and Ethics 6, no. 1 (2018): 1–10. http://dx.doi.org/10.2478/jome-2018-0021.

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Abstract The first part of the paper deals with the so-called liberal Third Way of Röpke and Einaudi, which has, at its center, the person and civitas umana. Subsidiarity principle, market, and conform public interventions define the role and limits of public powers. The second part presents eight main indicators of the divergent performance of the four main Economic and Monetary Union (EMU) countries. The third part deals with the incompleteness of the institutional construct of the European Union (EU) and the EMU that are clubs of sovereign states in the light of Einaudi’s and Röpke’s ideas.

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Troitiño, David Ramiro. "The Current Economic Crisis of the EU: Genesis, Analysis and Solutions." Baltic Journal of European Studies 3, no. 1 (2013): 6–28. http://dx.doi.org/10.2478/bjes-2013-0002.

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AbstractThe article approaches the current economic crisis from an historical perspective, analyzing the building of the monetary integration and the common currency. The process is explained through pointing out its effects on the European integration and outlining the positive and negative consequences of the introduction of a common currency in the European Union. The investigation continues with a general outlook of the current situation of the countries which were more affected by the current crisis-Greece, Ireland, Portugal, Spain, Italy and Cyprus. What all these countries have in commo

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Misztal, Piotr. "Public Debt and Economic Growth in the European Union. Empirical Investigation." WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS 18 (January 5, 2021): 199–208. http://dx.doi.org/10.37394/23207.2021.18.21.

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The relatively high sizes of public debts in many of the world's member states have led to frequentdebates concerning the influence of public debt on economic growth. Analyzing economic literature it can beseen, that theoretical and empirical considerations on this topic are divided into three main parties. The firstpart of analyzes is the work of the Keynesians, which emphasizes that the budget deficit as well as the publicdebt positively affects the economic development of the country, mainly through the impact of the budgetexpenditure multiplier. The opposite view on budget deficits and pub

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Vinokurov, E. "Eurasian Economic Union: A sober look." Voprosy Ekonomiki, no. 12 (December 20, 2016): 43–60. http://dx.doi.org/10.32609/0042-8736-2016-12-43-60.

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The paper appraises current progress in establishing the Customs Union and the Eurasian Economic Union (EAEU). Although the progress has slowed down after the initial rapid advancement, the Union is better viewed not as an exception from the general rules of regional economic integration but rather as one of the functioning customs unions with its successes and stumbling blocs. The paper reviews the state of Eurasian institutions, the establishment of the single market of goods and services, the situation with mutual trade and investment flows among the member states, the ongoing work on the l

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Szőcs, Csongor-Ernő. "Public Attitudes towards Monetary Integration in Seven New Member States of the EU." Politics in Central Europe 11, no. 1 (2015): 115–30. http://dx.doi.org/10.1515/pce-2015-0006.

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Abstract Existing work on euro support has provided insights into the dynamics of preferences, but most of these studies focus on older member states that already form an integral part of the Eurozone. This article inquires into public attitudes towards monetary integration in new member states of the EU: Poland, the Czech Republic, Romania, Hungary, Croatia, Bulgaria and Lithuania. Focusing on the cross-sectional variation of preferences, it applies multilevel logit regression to test three perspectives – economic, conceptual and political – using individual-level survey data and NUTS-2 regio

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Wilsher, Daniel. "Ready to Do Whatever it Takes? The Legal Mandate of the European Central Bank and the Economic Crisis." Cambridge Yearbook of European Legal Studies 15 (2013): 503–36. http://dx.doi.org/10.5235/152888713809813512.

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AbstractTo complement the ‘no shared liability’ rule and public deficit limits, the Maastricht Treaty gave the European Central Bank (ECB) a narrow remit to focus on price stability. Crucially, as a ‘non-sovereign’ central bank, it was unclear that the ECB would act as lender of last resort in the event of market panics. The neoliberal orthodoxy at the heart of Economic and Monetary Union (EMU) held that moral hazard and inflationary risks militated against anything resembling ‘illegal monetary financing’. Following monetary union, markets under-priced risks and encouraged bubbles, but, with t

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Wilsher, Daniel. "Ready to Do Whatever it Takes? The Legal Mandate of the European Central Bank and the Economic Crisis." Cambridge Yearbook of European Legal Studies 15 (2013): 503–36. http://dx.doi.org/10.1017/s1528887000003141.

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Abstract To complement the ‘no shared liability’ rule and public deficit limits, the Maastricht Treaty gave the European Central Bank (ECB) a narrow remit to focus on price stability. Crucially, as a ‘non-sovereign’ central bank, it was unclear that the ECB would act as lender of last resort in the event of market panics. The neoliberal orthodoxy at the heart of Economic and Monetary Union (EMU) held that moral hazard and inflationary risks militated against anything resembling ‘illegal monetary financing’. Following monetary union, markets under-priced risks and encouraged bubbles, but, with

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Menguy, Séverine. "Implications of the New Public Debt Rule in the ‘Fiscal Compact’ for the Economic and Monetary Union." Public Finance and Management 15, no. 3 (2015): 228–56. http://dx.doi.org/10.1177/152397211501500304.

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This paper proposes a simple modeling of the dynamic evolution of the interest rate, budgetary deficit and public debt of a member country of a monetary union, if a representative investor has the choice between bonds from this country a benchmark bond. In this framework, we can analyze the consequences of the most recent measure included in the ‘Fiscal Compact'. After the financial Crisis, the coordination of public finances still mainly relies in Europe on rules of fiscal discipline. However, beyond the threshold on the budgetary deficit, a new stress is put on the reduction of the public de

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Baran, Bernadeta. "Effectiveness of Fiscal Policy Coordination Rules in the Monetary Union." Equilibrium 7, no. 3 (2012): 73–91. http://dx.doi.org/10.12775/equil.2012.020.

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Stability and Growth Pact is the main rule-based framework for the coordination of national fiscal policies in the economic and monetary union (EMU). It was established to safeguard sound public finances, an important requirement for EMU to function properly. Member states had a lot of determination before setting up a monetary union (nominal criteria were a condition to adopt common currency). In the next years, coordination of fiscal policy was not so successful. In many countries, revenues were temporarily boosted by tax-rich activity, while they didn’t restrict their expenditures. In most

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