The Political Economy of Italy in the Euro

Between Credibility and Competitiveness

Author: Leila Simona Talani

Publisher: Springer

ISBN: 113757755X

Category: Political Science

Page: 278

View: 2976

This book proposes an alternative political economy framework in which to analyse the question of the credibility of international economic agreements, in general, and monetary arrangements in particular. The focus is on European monetary arrangements, from the establishment of the European Monetary System to the crisis of the Euro-zone. The analysis is predicated around the political economy of Italy’s access and permanence in the Economic and Monetary Union (EMU). The author argues that the case of Italy, which made a concerted effort to join the EMU in the first wave, is particularly striking. Support for the single currency was widespread when it was introduced, yet something went wrong. Nowadays, its participation to the European monetary integration process cannot be easily taken for granted, especially after the vicissitudes of the Euro-zone crisis.
Release

Eurozone Politics

Perception and reality in Italy, the UK, and Germany

Author: Philip Giurlando

Publisher: Routledge

ISBN: 1317376064

Category: Political Science

Page: 190

View: 5152

The crisis of the Eurozone has had a significant impact on the politics of Europe. In many countries, the euro was largely interpreted by elites as a development that would ameliorate their nations’ problems. However, recent events have proven the contrary, with the rise of radical right-wing politics and populism across the continent. This book investigates the politics of the euro, with a primary focus on Italy, but also with additional chapters on the UK and Germany. Using a range of original and secondary data, it reconstructs how the euro was interpreted by both elites and non-elites from the late nineties to 2010. By recruiting a large sample of non-elites, it examines perceptions of the euro and the ways in which these views allowed for the justification of painful austerity measures required to enter the Economic and Monetary Union. In doing so, it sheds light on the ways in which non-elites interpret complex political objects like the euro and provides a systemic comparison of the cognitive schema of non-elites and elites. This book will be of key interest to scholars and students of the European Union, European politics, Italian politics, comparative politics and political economy.
Release

Political and Economic Dynamics of the Eurozone Crisis

Author: James A. Caporaso,Martin Rhodes

Publisher: Oxford University Press

ISBN: 0198755732

Category:

Page: 304

View: 5776

This is the first book to provide a full and dispassionate account of the politics and economics of the Eurozone crisis, focusing on the interlinked origins and impacts of the Euro-Zone crisis and the policy responses to it. The book is distinguished from existing research by its avoidance (and rejection) of the too-often simplistic analysis that has characterized political, media and regrettably some academic coverage, and by its attempt to escape from the tyranny of day-to-day events and short-term developments. Each of the contributors identifies an important question and undertakes a careful empirical, theoretically-informed analysis that produces novel perspectives. Together they seek to balance many of the existing accounts that have rushed to sometimes unwarranted conclusions, concerning, for example, the locus of institutional power in European crisis-management; the power and centrality of particular member states, notably Germany which has been attributed with 'hegemonic' status; the supposed entrapment of EU policy makers by an 'austerity ideology'; and the deep flaws that apparently afflict the solutions to the crisis put painstakingly in place, such as Banking Union. While it will be some time before the EU can put the crisis behind it, and the dust finally settles on the revised institutional system that emerges, The Political and Economic Dynamics of the Eurozone Crisis marks an important step towards a considered, reflective analysis of the tumultuous events and developments of the crisis period.
Release

The Political Economy of the European Constitution

Author: Professor Luigi Paganetto

Publisher: Ashgate Publishing, Ltd.

ISBN: 1409462986

Category: Business & Economics

Page: 274

View: 1670

The enlargement process, the creation of the Monetary Union and the need to promote further the political and economic integration of Europe have ignited an intense debate at the European level among researchers and policy-makers. Examining the effects that political, legal, and regulatory institutions have on economic development, this book provides new contributions on the political economy of the European constitution. It covers many issues including social protection, fiscal reform and regional policies that are on the table of European policy makers. Furthermore, it provides ideas and analysis of such issues as the problem of voting reform, the centralization and decentralization of the policy process and the allocation of new policy prerogatives at the EU level which are crucial for the design of a new European constitution.
Release

The Political Economy of Monetary Union

Towards the Euro

Author: Francesco Giordano,Sharda Persaud

Publisher: Routledge

ISBN: 1136224092

Category: Business & Economics

Page: 216

View: 390

This book places the whole issue of monetary union in its wider political economic context. The authors discuss: * the effect of EMU on fiscal and monetary policies * Central bank independence * the impact of EMU on unemployment * ERM II * international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general european sense and more specifically, Germany, the UK and Italy.
Release

Euro

Der Kampf der Wirtschaftskulturen

Author: Markus K. Brunnermeier,Harold James,Jean-Pierre Landau

Publisher: C.H.Beck

ISBN: 3406712347

Category: Business & Economics

Page: 525

View: 6677

Etliche Beobachter sind der Ansicht, dass der Euro die aktuelle Krise nicht überleben wird. Anders die Ökonomen Markus Brunnermeier und Jean-Pierre Landau, ein Deutscher und ein Franzose, sowie der britische Wirtschaftshistoriker Harold James. Sie sehen ein Kernproblem des Euro in den unterschiedlichen Wirtschaftskulturen der Euroländer, insbesondere Deutschlands und Frankreichs, die es zu überwinden gilt. Seit der Eurokrise setzen die Mitgliedsländer wieder auf nationale Lösungen, statt gemeinsame Antworten auf die europäischen Probleme zu suchen. Der Kampf der Wirtschaftskulturen ist entbrannt. Während das föderal geprägte Deutschland in der Fiskalpolitik auf starren Regeln beharrt, verlangt das zentralistische Frankreich Stimulusprogramme und eine flexible Handhabung, die den Regierungen Ermessensspielräume lässt. Für die Deutschen sind Finanzierungsengpässe vorwiegend auf Insolvenzprobleme zurückzuführen, die struktureller Reformen bedürfen, wogegen die Franzosen sie als temporäre Liquiditätsprobleme ansehen, die mit einer staatlichen Überbrückungsfinanzierung zu bewältigen sind. Dieses Buch plädiert für die Überwindung dieser Frontstellungen zugunsten einer gemeinsamen europäischen Wirtschaftskultur. Es verbindet ökonomische Analyse und ideengeschichtliche Reflexion und entwirft einen Fahrplan für Europas Zukunft.
Release

Energy Relations in the Euro-Mediterranean

A Political Economy Perspective

Author: Simone Tagliapietra

Publisher: Springer

ISBN: 3319351168

Category: Business & Economics

Page: 216

View: 8927

This book investigates the current status and future prospects of energy relationships in the Euro-Mediterranean region. By adopting a political economy perspective, this book provides insight into regional cooperation in the fields of natural gas and renewable energy. The author posits that regional energy relations have yet to be examined through a comprehensive analytical framework in order to realistically assess the potential role of energy in acting as a catalyst for greater economic and political cooperation in the region. To do so, the author provides a detailed analysis of the region’s energy relations and pertinent case studies. Chapters illustrate the political and economic drivers underpinning the region’s energy dynamics, providing the reader with a wide-ranging overview of the Euro-Mediterranean energy relations of today and tomorrow.
Release

The Political Economy of the European Union

Author: Dermot McCann

Publisher: Polity

ISBN: 0745638902

Category: Business & Economics

Page: 214

View: 5177

The core business of the European Union is the creation of an integrated European market. The scale of this project is enormous, covering a wide variety of national models′ of capitalism, many of which are marked by a heavy reliance on non–market institutions to govern and co–ordinate economic activity. This book introduces students to the fundamentals of European Union policy towards these national political economic governance institutions and the challenges arising from this evolving relationship. Chapter One examines the role of institutions in governing capitalist systems. Chapter Two explores the evolution of the EU′s liberal ambition over the last five decades. Subsequent chapters then analyse the development of EU policy in relation to the governance of product, financial and labour markets. What sort of restructuring has it sought to achieve? How great a challenge do EU policies present to national practices? How effective have been its strategies of Europeanisation? In short, to what extent has it effected a liberal transformation in the institutional governance of European capitalism? At issue are fundamental questions concerning the power and status of nation–states in the context of the most ambitious experiment in co–operative regional integration yet witnessed.
Release

Private Sector Involvement in the Euro

The Power of Ideas

Author: Stefan Collignon,Daniela Schwarzer

Publisher: Routledge

ISBN: 1134417020

Category: Political Science

Page: 272

View: 6071

This book looks at the role of the Association for Monetary Union in Europe's role in the construction of the Euro. It argues that the AMUE played a prominent role in the adoption of a number of proposals related to the single currency and had a guiding influence on the transition from a market-let to an institution-centred approach to monetary union.
Release

Die Alchemisten

Die geheime Welt der Zentralbanker

Author: Neil Irwin

Publisher: Ullstein eBooks

ISBN: 3843704163

Category: Business & Economics

Page: 512

View: 8647

Ihre Aufgabe ist sensibel, ihre Macht ist groß. Ein unbedachtes Wort kann weltweit Krisen auslösen und politische Erdbeben verursachen. Jedes Jahr im August treffen sich in Jackson Hole, Wyoming – fernab der Weltöffentlichkeit –, die vierzig wichtigsten Zentralbanker der Welt. Sie stehen in dauernden Interessenkonflikten zwischen nationalen Interessen und internationalem Druck. Neil Irwin erklärt spannend und anschaulich, was Zentralbanker tun und wie es zu massiven Fehlentscheidungen kommen kann. Er beschreibt, welche großen Auswirkungen kleine Unstimmigkeiten zwischen Jens Weidmann, Mario Draghi und Ben Bernanke haben können. Und er zeigt, wie die zukünftigen Herausforderungen, Allianzen und Strategien der Zentralbanker aussehen könnten.
Release

Italian Politics

The Faltering Transition

Author: Mark Gilbert,Gianfranco Pasquino

Publisher: Berghahn Books

ISBN: 9781571818409

Category: History

Page: 276

View: 8243

In 1999, Italy experienced another year of political uncertainty. The centre-left coalition government was weakened by infighting throughout the year and paid a high electoral price for its failure to present a common front to the electorate. In June, Silvio Berlusconi's Liberty Pole coalition won substantial victories in local elections including a symbolic triumph in Bologna, a stronghold of the Italian left. In December, bickering inside his parliamentary majority forced Massimo D'Alema, the prime minister, to reshuffle his cabinet. This was the first government crisis to be handled by Carlo Azeglio Ciampi, who became the tenth President of the Republic in May 1999. In the autumn, Giulio Andreotti, a seven-times prime minister, was acquitted of having colluded with the Sicilian Mafia, and with having ordered the murder.
Release

The Eurozone Crisis and the Future of Europe

The Political Economy of Further Integration and Governance

Author: Rajeesh Kumar

Publisher: Springer

ISBN: 1137356758

Category: Political Science

Page: 310

View: 6271

The authors uncover the roots of the eurozone crisis, focusing on how this can be solved against the backdrop of a very deep financial and economic crisis and its strong social impact. Looking at the impact of the financial crisis on the eurozone, they explore the European Union's recent and future developments.
Release

The Oxford Handbook of Employment Relations

Author: Adrian Wilkinson,Geoffrey Wood,Richard Deeg

Publisher: OUP Oxford

ISBN: 0191651494

Category: Business & Economics

Page: 760

View: 7350

There have been numerous accounts exploring the relationship between institutions and firm practices. However, much of this literature tends to be located into distinct theoretical-traditional 'silos', such as national business systems, social systems of production, regulation theory, or varieties of capitalism, with limited dialogue between different approaches to enhance understanding of institutional effects. Again, evaluations of the relationship between institutions and employment relations have tended to be of the broad-brushstroke nature, often founded on macro-data, and with only limited attention being accorded to internal diversity and details of actual practice. The Handbook aims to fill this gap by bringing together an assembly of comprehensive and high quality chapters to enable understanding of changes in employment relations since the early 1970s. Theoretically-based chapters attempt to link varieties of capitalism, business systems, and different modes of regulation to the specific practice of employment relations, and offer a truly comparative treatment of the subject, providing frameworks and empirical evidence for understanding trends in employment relations in different parts of the world. Most notably, the Handbook seeks to incorporate at a theoretical level regulationist accounts and recent work that link bounded internal systemic diversity with change, and, at an applied level, a greater emphasis on recent applied evidence, specifically dealing with the employment contract, its implementation, and related questions of work organization. It will be useful to academics and students of industrial relations, political economy, and management.
Release

The Euro

The Battle for the New Global Currency

Author: David Marsh

Publisher: Yale University Press

ISBN: 0300173903

Category: Euro

Page: 352

View: 5517

This book is the first comprehensive political and economic account of the birth and development of the Euro. Today the Euro is the supranational currency for sixteen European countries and the world's second-largest reserve currency. David Marsh tells the story of the rivalries, intrigues, and deal making that brought about a currency for Europe, and he analyzes the achievements and shortcomings of its first decade of existence. While the Euro represents a remarkable triumph of political will, great pressures are building on the single currency. Drawing on more than 100 interviews with leading figures associated with the Euro, and scores of secret documents from international archives, Marsh underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas. Hidden facts and fresh insights from "The Euro" --How the legacy of France and Germany's tortuous relations affects the Euro--Why the United Kingdom is unlikely to accept the Euro before 2025--The impact on the Euro of the U.S. credit crisis--How the Euro has rebounded against the aspirations of its founders--How Italy and Spain have massively lost competitiveness--Why radical changes must be adopted to prevent a European upheaval
Release

Crisis in the Eurozone

Causes, Dilemmas and Solutions

Author: Mark Baimbridge,Philip B. Whyman

Publisher: Palgrave Macmillan

ISBN: 1137329041

Category: Business & Economics

Page: 288

View: 6649

This book discusses how the global financial crisis induced the 'Great Recession' and triggered problems within the eurozone regarding sovereign debt. It explores the background of the eurozone crisis, as well as outlines a number of potential solutions. The authors argue that the failure of the eurozone to meet any convergence criteria, together with unjustified emphasis placed upon unproven rules and institutions derived from contemporary neoliberal macroeconomic thinking, was an accident waiting to happen. Additionally, a series of potential remedies is proposed, ranging from a critical evaluation of solutions that the EU has already instigated (moral persuasion and financial relief measures), together with a series of alternative propositions (fiscal federalism and a 'European Clearing Union'). Moreover, the analysis is extended to the collapse of the eurozone and to options for national economic self-governance. This study, with its comprehensive analysis of the eurozone crisis, is essential reading for students, researchers and scholars of monetary economics, European economics, political science and international relations.
Release

Crisis in the Eurozone

Author: Costas Lapavitsas

Publisher: Verso Books

ISBN: 1781680418

Category: Political Science

Page: 268

View: 8275

First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the eurozone hard. The hour has come to pay the piper, and ordinary citizens across Europe are growing to realize that socialism for the wealthy means punching a few new holes in their already-tightened belts. Building on his work as a leading member of the renowned Research on Money and Finance group, Costas Lapavitsas argues that European austerity is counterproductive. Cutbacks in public spending will mean a longer, deeper recession, worsen the burden of debt, further imperil banks, and may soon spell the end of monetary union itself. Crisis in the Eurozone charts a cautious path between political economy and radical economics to envisage a restructuring reliant on the forces of organized labour and civil society. The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship will ensue.
Release

Politics in Europe

Author: M. Donald Hancock,Christopher J. Carman,Marjorie Castle,David P. Conradt,Raffaella Y. Nanetti,Robert Leonardi,William Safran,Stephen White

Publisher: CQ Press

ISBN: 1483323056

Category: Political Science

Page: 832

View: 2231

Thoroughly updated, this sixth edition of Hancock et al.’s Politics in Europe remains an approachable yet rigorous introduction to the region—the UK, France, Germany, Italy, Sweden, Russia, Poland, and the European Union. Its strong analytic framework and organization, coupled with detailed country coverage written by country experts, ensure that students not only get a robust introduction to each country, but also are able to make meaningful cross-national comparisons. Key updates include the latest in European politics, including recent election results, the content and impact of the Eurozone crisis, the emergence of a new “Nordic model” of welfare capitalism, and coverage of key social and political issues including globalization, terrorism, immigration, gender, religion, and transatlantic relations.
Release

Developments in European Politics 2

Author: Erik Jones,Paul M. Heywood,Martin Rhodes,Ulrich Sedelmeier

Publisher: Macmillan International Higher Education

ISBN: 0230343988

Category: Political Science

Page: 384

View: 8068

Rarely has European politics been so tumultuous or difficult to predict. The global economic crisis and subsequent recession have had a profound effect on Europe's political, economic and social landscape, as governments have been forced to cope with almost unprecedented levels of public debt. A pan-European analysis is essential for those seeking to understand contemporary trends and developments. Developments in European Politics brings together specially commissioned chapters by leading authorities to give an up-to-date and systematic analysis of European political developments – in institutions, processes and policy – at both national and regional levels. It provides wide-ranging and clear analysis of the factors influencing European politics, from the Europeanization of national politics to the broader forces of globalization, immigration, climate change and international terrorism.
Release

Betting for and Against EMU

Who Wins and who Loses in Italy and in the UK from the Process of European Monetary Integration

Author: Leila Simona Talani

Publisher: Ashgate Pub Limited

ISBN: 9780754610540

Category: Political Science

Page: 329

View: 3837

Betting For and Against EMU analyzes the extent to which the outcomes of the process of European monetary integration and, particularly, of the development of the debate over the establishment of EMU, have been influenced by domestic politics and by domestic economic interest groups in Italy and in the United Kingdom. From an empirical point of view this book provides a thorough account of the development of Italian and British socioeconomic interest groups towards the issue of European monetary union from the making of the EMS until the establishment of EMU.
Release

The Political Economy of the Eurozone

Author: Ivano Cardinale,D'Maris Coffman,Roberto Scazzieri

Publisher: Cambridge University Press

ISBN: 1107124018

Category: Business & Economics

Page: 350

View: 3853

The Eurozone is not a mere currency area. It is also a unique polity whose actors span multiple levels (supranational, national, regional, sectoral) and pursue overlapping economic and political objectives. Current thinking on the Eurozone relies on received categories that struggle to capture these constitutive features. This book addresses this analytical deficit by proposing a new approach to the political economy of the Eurozone, which captures economic and political interdependencies across different levels of decision making and sheds light on largely unexplored problems. The book explores the opportunities afforded by the structure of the Eurozone, and lays the foundations of a political economy that poses new questions and requires new answers. It provides categories that are firmly grounded in the existing configuration of the Eurozone, but are a precondition for overcoming the status quo in analysis and policy.
Release