... a tangible impact on national policymaking, ultimately resulting in weakened labour market institutions and reduced well-being of workers. European Semester Economic and Monetary Union labor markets wage policy conditionality J31 wage level and structure wage differentials J38 public policy P16...

... 2000s. Since then, EMU-members incurred larger and more prolonged spreads penalties for deficits and debt than countries in other exchange-rate regimes. political economy financial markets public finance exchange rate regimes Europe’s Economic and Monetary Union (EMU) P19 political economy...

... Publication Model ( https://dbpia.nl.go.kr/journals/pages/open_access/funder_policies/chorus/standard_publication_model ) Abstract The European sovereign debt crisis and, more recently, the COVID-19 pandemic have revealed the European Economic and Monetary Union’s fragility, which essentially emanates from...

... reserved. 2013 Abstract This paper investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe’s Economic and Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its central bank guardian. The analysis...

... institutions capable of managing and resolving financial crises. This will require pooling together some of their fiscal sovereignty. European integration economic and monetary union (EMU) euro financial markets F33 F36 G28 Until the mid-1980s the European Union (EU) was little more than a free market...

...This chapter examines the degree to which the introduction of Economic and Monetary Union (EMU) has meaningfully differentiated membership of the European Union. Examining both de jure and de facto differentiation, the chapter argues that the distinctions between...

... processes often summarized as ‘globalization’ — but there is continued divergence in national structures. Convergence with the USA is otherwise taking place for political reasons, since the euro is working as a neo-liberal engine. Economic and Monetary Union EMU euro France Germany GMOs genetically...

...Nigel Lawson, the British Chancellor, viewed Margaret Thatcher's agreement, at the Hanover European Council in June 1988, to a committee to examine the Economic and Monetary Union (EMU) as a disaster. Lawson was always in favour of Britain's membership of the exchange rate mechanism and against EMU...

... The author is grateful to SSHRC Canada for its support (Insight Grant 2022–26). Alicia Hinarejos, Economic and Monetary Union and the Single Market: A Coming-of-Age Story? In: The Internal Market Ideal. Edited by: Jeremias Adams-Prassl, Sanja Bogojević, Ariel...

... the financial system’s stability on the other. This chapter investigates the rise in CBI as an apparent success story in modern monetary economics. The worldwide rise in CBI is partly due to the advent of Economic and Monetary Union (EMU) in Europe. This chapter also discusses the time-inconsistency argument...

... single currency economic and monetary union Emu Euro European Central Bank ECB European Parliament France Germany Convergence criteria Denmark Opt outs deregulation Eurozone crisis Draghi Mario European Financial Stability Facility EFSF ‘Sixpack’ legislation Stability and Growth Pact...

... Monetary System's exchange-rate mechanism, and how the Maastricht criteria restored sheltered sector employers' bargaining strength. It also explains how inflation convergence synchronized price competitiveness among European Economic and Monetary Union (EMU) candidate countries, accounting for the lack...

...This chapter presents empirical evidence for the two institutional linkages: that the European Economic and Monetary Union (EMU) led to a bifurcation in sectoral wage developments within its member states and that, despite this bifurcation, employers in northern EMU economies utilized corporatist...

...This chapter examines the link between national level, inflation-averse central banks and European Economic and Monetary Union (EMU) regime change, on the one hand, and sheltered sector wage suppression, on the other, by comparing the pre- and post-EMU experiences of Denmark and the Netherlands...

...This chapter examines the political and institutional features of wage-setting regimes that favor sheltered sector interests in European Economic and Monetary Union (EMU) countries. Using a most-different case comparison of Ireland and Spain, it considers why both countries suffered similar...

... currency areas (OCAs), and its focus on the profound implications of a full monetary union. It also examines various approaches to an Economic and Monetary Union (EMU), along with European monetary cooperation in the 1970s in relation to the European Economic Community (EEC) institutional framework...

... on to discuss the EEC-wide consequences of economic divergences, along with their impact on the EEC's structure, in terms of both agenda (abandoning the Economic and Monetary Union?) and institutions (what role for the European Council?). The chapter also describes what was clearly the lowest point in terms...

... reactions to the Duisenberg proposals over the winter 1976–1977 and how the heads of government addressed the sudden worsening of economic prospects. Finally, it explores the planned revival of discussions about the Economic and Monetary Union among heads of government and the final rejection of most...

...This chapter examines how the debate over the Economic and Monetary Union (EMU) resurfaced at the very top of the European Economic Community's (EEC) political agenda, from the decision of the Commission to prioritize European monetary cooperation in mid-1977, until before preparation...

... in the Global South and on the other side member countries of the Economic and Monetary Union, given the strict fiscal rules of the latter. debt deficit spending economic growth fiscal policies GDP Gross Domestic Product Growth Model perspective public debt Reinhart C Rogoff K Comparative Political...