Download or read book Fiscal Federalism and European Economic Integration written by Mark Baimbridge and published by Routledge. This book was released on 2005-06-28 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pace of economic integration amongst European Union (EU) member states has accelerated considerably during the past decade, highlighted by the process of Economic and Monetary Union (EMU). Many aspects of the EU's apparatus, however, have failed to evolve in order to meets these new challenges. This book explores the issue of fiscal federalism within the context of EU integration from theoretical, historical, policy and global perspectives. It contrasts the pace of integration amongst EU member states with the failure of financial and administrative apparatus to evolve to encompass fiscal federalism, i.e. the development of a centralised budgetary system. This impressive collection, with contributions from a range of internationally respected authors, shall interest students and researchers involved with European economics and economic integration. Its accessible style will also make it extremely useful to policy-makers and professionals for whom European economic integration is a daily topic of conversation.
Download or read book Economic and Monetary Union with Fiscal Federalism written by Paulo Vila Maior and published by LAP Lambert Academic Publishing. This book was released on 2010-07 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many economists argued that Economic and Monetary Union (EMU) is flawed for the absence of 'conventional fiscal federalism'. They claim that the political-economic rationale of EMU ruled out national mechanisms of adjustment, exposing fragile member states to economic shocks. This, in turn, reinforces the case for 'conventional fiscal federalism' in the European Union (EU). The book engages on a comparative exercise between the EU and five federations where fiscal federalism is key to their political- economic organisation. To that purpose, three analytical dimensions of fiscal policy are tested on the centralisation- decentralisation spectrum: resource allocation, redistribution and macroeconomic stabilisation. The uniqueness of the EU is the independent variable in the comparative analysis. It is, at the same time, the major obstacle to the political feasibility of 'conventional fiscal federalism' in the EU context. To this extent, the book should be useful to students of European integration in general, especially to those working on the political economy of EMU, and to students of federalism.
Download or read book Economic and Monetary Union written by Albertino Paulo Vila Maior Guimarães Monteiro and published by . This book was released on 2005 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Currency Union and Fiscal Union written by Jürgen von Hagen and published by . This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Currency Union and Fiscal Federalism written by Jürgen von Hagen and published by . This book was released on 1991 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Policy in Economic and Monetary Union written by Marco Buti and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book has many merits, and represents an important contribution to the controversial topic of European fiscal policy. I appreciated in particular the high quality and rigor of the analysis and the fact that the pros and cons of the contending opinions are presented in a fair way. It is a rewarding reading. EAEPE Newsletter Buti and Franco present a series of interesting analytical information which should be read by as broad an audience as possible. . . the book is a good buy. László Csaba, Acta Oeconomica This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU s budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational nature. The authors, who have been at the forefront of the academic and policy debate on economic policy in Europe, argue that fiscal policy has always been at the core of the EMU debate. The Maastricht criteria and the Stability and Growth Pact are the most contentious building blocks of EMU s institutional architecture: they have aroused heated controversies between academics and policymakers ever since their adoption. As EMU s budgetary rules undergo their first severe shock, Europe is still searching for its fiscal soul. The book s basic premise is that one cannot fully understand EMU s fiscal framework and the recent debate on its reform without placing them in a historical and institutional perspective and abstracting from the uniqueness of EMU, where sovereign countries retain a large degree of fiscal independence, and monetary policy is entrusted to an independent central bank with the overriding mission of maintaining price stability. Analysing all aspects of EMU s fiscal rules and institutions, this book will strongly appeal to students, academics and researchers of macroeconomic policy and European integration. Policymakers and fiscal policy experts at both national and international levels will also find the book to be of great interest.
Download or read book Fiscal Aspects of European Monetary Integration written by Andrew Hughes Hallett and published by Cambridge University Press. This book was released on 1999-10-07 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: A survey of fiscal policy under the restrictions of a single monetary policy and the Stability Pact.
Download or read book The Community Budget for an Economic and Monetary Union written by P. Spahn and published by Springer. This book was released on 1993-06-07 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maastricht will induce changes to the EC budget the various dimensions of which are explored in this volume. Based on the theory of fiscal federalism the author discusses important aspects of multilayer government finance for existing federations - Australia, Germany, Switzerland and the USA. He sketches the effects of an Economic and Monetary Union (EMU) onto the Community budget, and concludes with a systematic treatment of revenue instruments for its future financing
Download or read book Fiscal Federalism in Europe written by Norbert Berthold and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estudio sobre la utilidad de las politicas fiscales como instrumento de estabilizacion que favorezca el desarrollo de la Union Economica y Monetaria, y el nivel institucional en el que deberian aplicarse (centralizado / descentralizado). Considera que, aunque las politicas fiscales no son el instrumento mas apropiado para responder a las perturbaciones economicas, son inevitables por razones politicas. En este caso, es partidario de las politicas fiscales descentralizadas porque estan mas disciplinadas por las fuerzas mercado. Contiene bibliografia. (pgp).
Download or read book Monetary Union and Fiscal Federalism written by Kenneth Kletzer and published by . This book was released on 2000 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EU Fiscal Federalism written by and published by Oxford University Press. This book was released on 2023-08-31 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal federalism refers to the division of fiscal powers — powers to tax and spend — between different levels of government. The European Union (EU) is often seen as a legislative giant on clay feet, and one of the principal reasons for this feebleness is the lack of a significant fiscal capacity at the Union level. EU Fiscal Federalism: Past, Present, Future explores ten aspects of the EU's fiscal constitution relating both to the fiscal limits it imposes on Member States and the evolution of its own fiscal policy. Bringing together an international and distinguished group of scholars, this volume analyses the different legal dimensions of fiscal federalism within the EU, from the various aspects of the single market (free movement, banking union, state aid, tax harmonisation) to the EU's budget and Economic and Monetary Union. The essays provide a fascinating overview of the topic as well as a detailed analysis of where EU fiscal federalism stands today and how it might develop in the future. Sweeping and thorough, EU Fiscal Federalism addresses topics vital to maintaining and strengthening the Union's fiscal capabilities. It will appeal to academics and students of European Union law and political economy as well as European policymakers.
Download or read book Fiscal Federalism and European Integration written by Edward M. Gramlich and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines European economic integration in light of standard thinking about fiscal federalism. We first describe the main features of European integration, analyzing how institutions in the European Union fit the prescriptions of a federal system. We find that in some areas the European Union has already developed arrangements that fit standard views of fiscal federalism, in other areas there is gradual movement toward prescribed arrangements, and in still other areas the European Union's unique historical path may suggest some interesting new departures in the federalism literature. We try to extract some lessons from this analysis: some recommendations for Europe based on the orthodox principles of fiscal federalism, and some modifications of these orthodox principles based on the European experience.
Download or read book Consequences of the Economic and Monetary Union for the Coordination of Tax Systems in the European Union written by Mr.Vito Tanzi and published by International Monetary Fund. This book was released on 1998-08-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the advent of the economic and monetary union in the European Union (EU), the economic landscape of the EU will bear a striking resemblance to that of the United States in terms of fundamental attributes such as the freedom of internal movements of individuals, capital, and goods within the union, as well as the adoption of a common currency. This paper examines developments in the tax systems of the states in the United States and draws lessons for the need of coordination of EU tax systems.
Download or read book One Money for Europe written by Michele Fratianni and published by Greenwood. This book was released on 1979 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fiscal Policy and Monetary Union written by Barry J. Eichengreen and published by . This book was released on 1995 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Los defensores de las restricciones fiscales impuestas por el Tratado de Maastricht a los estados miembros de la Union Europea argumentan, entre otras cosas, que la experiencia de Estados Unidos, donde existen restricciones fiscales en 49 de los 50 estados, indica que dichas restricciones no son necesarias para garantizar la estabilidad de una moneda unica europea. Este trabajo muestra que las restricciones fiscales norteamericanas no tienen ninguna relacion con cuestiones de unificacion monetaria, como tampoco la han tenido en otros estados federales, como ejemplo, Australia. Sin embargo, si muestra una fuerte asociacion entre restricciones fiscales y distribucion de la base impositiva. Asi pues, las implicaciones para Europa son las siguientes: las restricciones fiscales no son necesarias en tanto que la Union Europea mantenga un alto grado de descentralizacion fiscal. Contiene bibliografia. (mac).
Download or read book Policy Issues in the Operation of Currency Unions written by Paul R. Masson and published by Cambridge University Press. This book was released on 1993-09-23 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview and the latest research on single currency areas in Europe, the US, and the former USSR.
Download or read book Fiscal Federalism in the European Union and Its Countries written by Clément Vaneecloo and published by Peter Lang. This book was released on 2006 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book tackles a key issue for the European Union: Fiscal Federalism. It evaluates the applicability of this theoretical perspective for the EU. Conversely, it pinpoints ways in which the diversity of existing fiscal settings and organisations, both at national and European levels, can throw light on the theory. The study analyses two of the most important European policies: Cohesion Policy and the Stability and Growth Pact. It compares the episode of German Unification to the 2004 European Enlargement. It pioneers a cross-country analysis of the various national fiscal settings. Finally, it highlights the close links between the dynamics of decision-making related to the main budgetary choices and the integration process. The questions raised are crucial in the current context of economic and institutional uncertainty: How should we apprehend the Cohesion Policy, the main expression of European solidarity? How can the coordination of national fiscal policies be improved? How are European countries and their regions organised in fiscal and budgetary terms? What lessons can the EU draw from its own fiscal past and from that of its Member States? Over and above the originality of the answers provided by the authors, the book suggests that it would be difficult to take the integration process further without first clarifying what Europe can, should or wants to do.
