Reference : Introduction to ‘Economic and Monetary Union at Twenty: A Stocktaking of a Tumultuou...
Scientific journals : Article
Law, criminology & political science : Political science, public administration & international relations
Introduction to ‘Economic and Monetary Union at Twenty: A Stocktaking of a Tumultuous Second decade’
Howarth, David mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Verdun, Amy mailto [Leiden University]
Journal of European Integration
Economic and Monetary Union at Twenty: A Stocktaking of a Tumultuous Second decade
Yes (verified by ORBilu)
United Kingdom
[en] Economic and Monetary Union ; asymmetry ; European integration ; euro area ; Sovereign Debt Crisis ; Coronavirus (Covid-19) Crisis ; European integration theory
[en] This contribution discusses the two main asymmetries of European Economic and Monetary Union (EMU) as they developed over the past two decades since the launch of the Single Currency. From the outset, EMU involved asymmetric degrees of integration in the area of ‘economic’ union (less centralised governance) versus ‘monetary’ union (more supranational governance). With the outbreak of the Sovereign Debt Crisis in 2010, the regime-shaping relevance of a second asymmetry emerged: one roughly between the member states of the Euro Area ‘core’ and those in the ‘periphery’. Each of the two asymmetries have created a range of challenges—institutional, policy and political — that undermine the stability and sustainability of the EMU project.
Researchers ; Professionals ; Students ; General public

File(s) associated to this reference

Fulltext file(s):

Open access
Howarth and Verdun Introduction Economic and Monetary Union at Twenty authors' pre-print .pdfAuthor preprint159.52 kBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.