Suchergebnisse

Political economy. Introduction : a political economy of citizenship / Jürgen Mackert, Bryan S. Turner -- Variegated neoliberalism, finance-dominated accumulation and citizenship / Bob Jessop -- Lawyers, economists, and citizens : the impact of neo-liberal European governance on citizenship / Christian Schmidt-Wellenburg -- Market integration, monetary union and democracy in the Eurozone : the role of Germany / Heiner Ganssmann -- Varieties of austerity capitalism and the rise of secured market citizenship : the neo-liberal quest against social citizenship / Dieter Plehwe -- How grandpa became a welfare queen : social insurance, the economisation of citizenship, and a new political economy of moral worth / Margaret R. Somers -- Why we need a new political economy of citizenship : neo-liberalism, the bank crisis, and the "Panama papers"/ jürgen mackert -- Citizenship in Detroit in a time of bankruptcy / Marc W. Kruman -- The social bond of consumer citizens : exploring consumer democracy with actor-network-pragmatism / Jörn Lamla -- Citizenship in French poor neighbourhoods : from civil rights movement to transnational Islamist terrorism / Dietmar Loch -- Strategies of households in precarious prosperity in Chile, Costa Rica, Spain and Switzerland / Monica Budowski and Sebastian Schief -- Demography and social citizenship / John C. Torpey and Bryan S. Turner

"Regional integration has been adopted by many African governments as a response to difficulties facing national markets in landlocked countries. However, despite the aspiring targets they have experienced setbacks due to poor implementation. This book reviews the current trends, challenges and potential benefits of regional integration and trade in Africa, in a context of rising interest and momentum among African leaders on the topic.This study explores the many facets of regional trade, its implementation gaps and positive effects through empirical studies covering various African sub-regions and using different theoretical approaches. It analyses trade performance against full potential, its mitigated impact on the competitiveness, industrialization and economic diversification of African countries as well as the much debated effect of monetary unions on regional trade in the region. It provides valuable policy recommendations aimed at stimulating the debate among the government, private sector and development community on the ways to promote regional trade for Africa's economic development.Regional Integration and Trade in Africa examines various aspects of regional integration and trade in Africa, and will be of interest to scholars, students, researchers, policy-makers, and professionals"--

This book offers detailed analysis and informed comment on the future of emerging economic policies. It is essential reading for all postgraduates and scholars looking for expert discussion and debate on the issues surrounding economic policy, The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This tenth volume offers a refreshing perspective on the prospects of fiscal and debt policies. The study focuses on the future, instead of reviewing these policies in relation to the recent and not so recent past. This volume provides analysis on wide range of countries and regions, including detailed analysis on the UK, Germany and the Economic and Monetary Union, Spain, France, China and the US. The volume also deals with more general issues of fiscal policy and debt policies, and provides a greater overview on democracy, technocracy and public policymaking. This book offers detailed analysis and informed comment on the future of emerging economic policies. It is essential reading for all postgraduates and scholars looking for expert discussion and debate on the issues surrounding economic policy

Does a multilateral fiscal rule improve market discipline in a monetary union? This paper studies the impact of political events that systematically undermined the Stability and Growth Pact (SGP) on EMU sovereign default risk for the period 2001 to 2005. For various EMU member countries our findings suggest that credit risk did not increase in the SGP's early years in response to the political undermining of the Pact. Due to the existence of systematic volatility effects we conclude that from its beginning the Pact was not perceived as a credible institution by financial markets. Bond markets have not been the watchdogs the proponents of transparency enhancing fiscal rules frequently claim them to be. Investors did not anticipate any serious consequences arriving from political non-ownership of the Pact and corresponding fiscal leeway on national public finances in the euro zone back then. In this context, policymakers working on a reform of Europe's fiscal framework should abstain from enhancing multilateral fiscal rules lacking political ownership, including the reformed SGP and the new 'European Fiscal Compact'.

This book challenges the common view that social protection is exclusively a national concern with EU social policy fragmented and merely symbolic. Through eleven country studies, the book reveals that EU-level developments increasingly interact with social protection in all countries - a remarkable transformation from ten years ago. Using the same thematic framework, the book systematically compares how Europeanisation of social protection differs across countries chosen to reflect increasing EU diversity. For each country, specialists in social protection evaluate the form and extent of Europeanisation, comparing national strategies with the European social model. They examine recent reforms and responses to EU initiatives, including the Lisbon strategy and the open method of coordination, the extension of the internal market to services, the Economic and Monetary Union and EU enlargement. Differences in Europeanisation reflect not only different political legacies but also different adjustment pressures in terms of national welfare regime and degree of competitiveness. "Europeanisation of social protection" brings together both new evidence and new perspectives, making it essential reading for everyone interested in the changing patterns of social policy in Europe

Supplementation : On communicator control of the conditions of reception / Elihu Katz and Mihaela Popescu -- From bricks to bytes: the mediatization of a global toy industry / Stig Hjarvard -- To boldly bestride the world like a colossus: Shakespeare, Star Trek and the European TV market / M(c)Łire Messenger Davies and Roberta E. Pearson -- Disney discourses, or mundane globalization / Kristen Drotner -- Media audiences and the game of controversy: on reality TV, moral panic and controversial media studies / Daniel Biltereyst -- Cultural citizenship in the age of P2P networks / William Uricchio -- Negotiating European identity at the periphery: media coverage of Bosnian refugees and 'illegal migration' / Sabina Mihelj -- Mapping European identities: a quantitative approach to the qualitative study of national and supranational identities / Kim Christian Schr(c)ıder -- Eurovisions? monetary union and communication puzzles / Peter Ludes -- Public service strategy in digital television: from schedule to content / Taisto Hujanen -- With the media, without the media: reasons and implications of the electoral success of Silvio Berlusconi in 2001 / Gianpietro Mazzoleni -- A square peg in a round hole: the EU's policy on public service broadcasting / Karol Jakubowicz

Within a two step GARCH framework we estimate the time-varying spillover effects from European and US return innovations to 10 economic sectors within the euro area, the United States, and the United Kingdom. We use daily data from January 1988 - March 2002. At the beginning of our sample sectors in all three currency areas/blocks formed a quite homogeneous group exhibiting only minor sector-specific characteristics. However, over time sectors became more heterogeneous, that is the response to aggregate shocks increasingly varies across sectors. This provides evidence that sector-specific effects gained in importance. European industries show increased heterogeneity simultaneously with the start of the European Monetary Union, whereas in the US this trend started in the early 1990's. Information technology and non-cyclical services (including telecommunication services) became the most integrated sectors worldwide, which are most affected by aggregate European and US shocks. On the other hand, basic industries, non-cyclical consumer goods, resources, and utilities became less affected by aggregate shocks. Volatility spillovers proved to be small and volatile.

Cover -- Half-Title -- Dedication -- Title -- Copyright -- Contents -- Preface -- Foreword by Austin Mitchell -- 1. Introduction -- Why Economic Success is Important -- Low Growth and High Unemployment in Europe -- Political Pressures and Economic Ideas -- Europe's Critical Choices -- 2. The Historical Background -- Industrialisation up to World War I -- The Inter-war Period -- Recovery Post-World War II -- The Common Market -- 3. What Went Wrong? -- Oil, Monetarism and Exchange Rates -- Monetarism in Theory and Practice -- The Snake and the Exchange Rate Mechanism -- The Single Market -- The Single Currency -- Politics, Economics and Deflation -- 4. Achieving Economic Growth -- Competitiveness -- Protectionism and Free Trade -- Recapturing Home and Export Markets -- Returns on Investment -- Changing the Exchange Rate -- EU Policy Mistakes -- 5. The Goal of Full Employment -- False Analysis -- Misguided Solutions -- Reflation and the Trade Balance -- Expanding Demand -- Longer-term Solutions -- 6. Living Standards and Inflation -- Devaluation and the Price Level -- Leading Sector Inflation -- Shocks to the System -- Too Much Demand -- Labour Costs -- Summary -- 7. The Choices to be Made -- The Problems with European Monetary Union -- Alternative Policy Anchors -- A Better Future for Europe -- Bibliog raphy -- Index.

Europe - Toward 2001 is the first comprehensive and in-depth analysis of the most important European policy issues and official proposals which will be examined at the European Union's (EU) 1996 Intergovernmental Conference (IGC). The author critically examines and makes his own proposals for long-term EU policies, notably Europe's International Competitive Position, Agriculture, Regional and Social Issues, an Economic and Monetary Union, as well as the Community's future enlargement and foreign policy and defense issues. In comparing the governmental and European institutional proposals for the IGC, Coffey observes a common thread and differences between the different partners. Consequently he sees the evolution of a loose European Confederation with a nucleus of countries at the centre integrating more swiftly than others. This critical work is intended as a basic course book for university students and as an indispensable handbook for the educated layman and political and business leaders. A special feature of the book is the collection of documents (contained in the appendices) consisting of the official governmental and European institutional proposals for the IGC

This volume examines key aspects of international economic theory and policy. Six papers deal with money and exchange rates. They discuss historical evidence on free banking, the question whether speculation in foreign exchange markets is stabilizing or destabilizing, the insulation properties of flexible exchange rates, the economics of the Louvre Accord, some basic issues of the German Monetary Union and the merits offinancial liberalization in developing countries. Five papers deal with international trade. They focus on the integration of fiscal policy into thetheory of international trade, theoretical aspects of international factor flows, the relation between trade restrictions and exchange rates, the recent shift of the United States` trade policy toward agressive unilateralism and the theory and practice of commercial policies since 1945. Of the remaining two papers, one discusses basic concepts of welfare economies while the other reassesses the vital link between competition and economic growth. The contributors include internationally renowned scholars. The volume is dedicated to the memory of Egon Sohmen, who was one of the prominent early advocates of flexible exchange rates

AbstractThis paper shows that the co-movement of public revenues in the European Monetary Union (EMU) is driven by an unobserved common factor. Our empirical analysis uses yearly data covering the period 1970–2014 for 12 selected EMU member countries. We have found that this common component has a significant impact on public revenues in the majority of the countries. We highlight this common pattern in a dynamic factor model (DFM). Since this factor is unobservable, it is difficult to agree on what it represents. We argue that the latent factor that emerges from the two different empirical approaches used might have a composite nature, being the result of both the more general convergence of the economic cycles of the countries in the area and the increasingly better tuned tax structure. However, the original aspect of our paper is the use of a back-propagation neural networks (BPNN)-DF model to test the results of the time-series. At the level of computer programming, the results obtained represent the first empirical demonstration of the latent factor's presence.

This study presents empirical evidence about the determinants of long-term government bond yields for 19 economies of the European Monetary Union (EMU) over the period 1995-2018 within a multivariate panel framework. The fixed effects estimators reveal that the relationship between public debt to the GDP ratio and yields is non-linear. We observe a threshold, which is determined to be at the area 90% of the ratio of public debt to GDP. Beyond that, area government borrowing costs increase as the public debt rises. Furthermore, we find evidence that a GDP decline and the downgrades of sovereign ratings increase the costs of government borrowing. In contrast, the operation of independent fiscal institutions helps to reduce government's debt risk premium. Finally, liquidity in the Euro area plays a significant role on yields determination. The results remain robust when the dynamic instrumental variable fixed effect (FE-2SLS) and dynamic panel least square dummy variable corrected (LSDVC) estimators are employed. Empirical findings suggest important policy implications for the ongoing Covid-19 crisis for the EMU.

The Eurozone Crisis in the Shade of the Maastricht and Lisbon TreatiesThe financial crisis in the eurozone has created a kind of discursive window through which a renewed self‑reflection on the shape on the European integration can be traced. The crisis, its depth and course, has confirmed what previously could only be speculated on the edge of European discourse, namely the fact that the chosen model of deepening the economic and monetary union is not ideologically and class neutral. It therefore generates new decisive conditions about who becomes the beneficiary and the loser, where new centres and peripheries crystallize in this process. The purpose of this article is to use the crisis in the euro area to look at its structure, identify the most important intellectual and ideological assumptions underlying it, indicate how the legal framework contained in the Maastricht and Lisbon Treaties influenced its course and who and why suffered the most losses. Finally, the task of the article is to determine which aspects of the architecture of the eurozone proved to be unsustainable and what has therefore had to be changed in it.

The reform of EU economic governance since the outbreak of the euro area crisis has not stopped at the borders of Economic and Monetary Union. With the introduction of macroeconomic conditionalities in all European Structural and Investment Funds (ESIF), EU cohesion policy is now closely linked to the Stability and Growth Pact. The European Commission is expected to propose the suspension of ESIF funding in case of non-compliance with the Excessive Deficit Procedure. This article focuses on Portugal and Spain, which were nearly sanctioned under the macroeconomic conditionalities in 2016. It will address the question of why the application of this sanctioning procedure was softened compared to the hardness of its legal provisions. Drawing on the 'usage of Europe' approach and on the concepts of hard and soft law, this article argues that the usage actors make of a procedure has an influence on its legal character at the enforcement stage. This article finds that the hard law character of the procedure was softened by the European Commission's flexible application of the provisions and by the European Parliament's strategic usage of the rules.