Economic and Monetary Union at twenty: A stocktaking of a tumultuous second decade: introduction
| dc.contributor.author | Howarth, David | |
| dc.contributor.author | Verdun, Amy | |
| dc.date.accessioned | 2021-02-15T17:28:47Z | |
| dc.date.available | 2021-02-15T17:28:47Z | |
| dc.date.copyright | 2020 | en_US |
| dc.date.issued | 2020 | |
| dc.description.abstract | 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. | en_US |
| dc.description.reviewstatus | Reviewed | en_US |
| dc.description.scholarlevel | Faculty | en_US |
| dc.description.sponsorship | An earlier version of this paper was presented at the EMU at Twenty workshop at Leiden University (16-17 November 2018) https://www.uvic.ca/interdisciplinary/europe/eugrants/network/eurosem-18-21/the-emu-at-twenty/index.php. It was supported by the Institute of Political Science at Leiden University and launched the Jean Monnet Network entitled “The Politics of the European Semester: EU Coordination and Domestic Political Institutions (EUROSEM)” Agreement number: 600110-EPP-1-2018-1-CA-EPPJMO-NETWORK (Grant agreement nr 2018-1359), co-funded by the Erasmus+ programme of the European Union. This research was supported by the Social Sciences and Humanities Research Council of Canada. | en_US |
| dc.identifier.citation | Howarth, D. & Verdun, A. (2020). Economic and Monetary Union at twenty: A stocktaking of a tumultuous second decade: Introduction. Journal of European Integration, 42(3), 287-293. https://doi.org/10.1080/07036337.2020.1730348 | en_US |
| dc.identifier.uri | https://doi.org/10.1080/07036337.2020.1730348 | |
| dc.identifier.uri | http://hdl.handle.net/1828/12685 | |
| dc.language.iso | en | en_US |
| dc.publisher | Journal of European Integration | en_US |
| dc.subject | Economic and Monetary Union | |
| dc.subject | asymmetry | |
| dc.subject | European integration | |
| dc.subject | euro area | |
| dc.subject | Sovereign Debt Crisis | |
| dc.subject | Coronavirus (Covid-19) Crisis | |
| dc.subject | European integration theory | |
| dc.subject.department | Department of Political Science | |
| dc.title | Economic and Monetary Union at twenty: A stocktaking of a tumultuous second decade: introduction | en_US |
| dc.type | Article | en_US |