Table of Contents
Chapter 1. The Euro Monetary Union with a Flawed Conceptual Framework
Chapter 2. The Endogeneity of OCA Conditions and Macroeconomic Imbalances in EMU
(Carlos Vieira and Isabel Vieira, Department of Economics, Universidade de Évora and CEFAGE, Évora, Portugal)
Chapter 3. Trends in Business Cycles Synchronization in the EMU
(José Caetano, Elsa Vaz, and António Caleiro, Departmento de Economia, Universidade de Évora, Évora, Portugal)
Chapter 4. The Risk of Incomplete Financial Integration in the European Union
(Paulo Ferreira, José Caetano and Andreia Dionísio, CEFAGE-UE, Universidade de Évora, Portugal, and others)
Chapter 5. Towards a Full Banking Union in Europe: Waiting for the Next Crisis?
(Luís Brites Pereira and Miguel Rocha de Sousa, Nova School of Business and Economics (Nova SBE), Lisbon, Portugal, and others)
Chapter 6. Eurozone Governance in the Aftermath of the Crisis: A Proxy for a New Institutional Balance?
(Paulo Vila Maior and Isabel Camisão, Faculty of Human and Social Sciences, University Fernando Pessoa
Porto, Portugal, and others)
Chapter 7. Completing the Economic and Monetary Union: What Economic and Fiscal Governance?
(Ana Fontoura Gouveia, Nova School of Business and Economics, and Portuguese Ministry of Finance, Lisbon, Portugal)
Chapter 8. What Can and Should We Expect from the EU Budgetary Policy?
(Manuel Porto, University of Coimbra, Coimbra, Portugal, and others)
Chapter 9. Completing EMU, Deepening the EU
(Annette Bongardt and Francisco Torres, European Institute, London School of Economics and Political Science, London, UK)
Chapter 10. Does the European Economic and Monetary Union Require a Social Dimension?
(José Caetano and Nuno Rico, CEFAGE-UE, Universidade de Évora, Évora, Portugal, and others)
Chapter 11. The Political Union and Its Eurozone Future: Conflictual and Collaborative Commons Governance
(António Covas, PhD, Faculty of Economics, University of Algarve, Faro, Portugal)
Chapter 12. On the Scenarios for the Future of the Eurozone
(António Caleiro and José Caetano, Departmento de Economia, Universidade de Évora, Évora, Portugal)
“This book, written by most excellent scientists and edited by José Manuel Caetano and Miguel Rocha de Sousa stands out in the bulk of publications on the Eurozone because of its unique feature. Contrary to pure and simple economics this book grasps in a most splendid way the interdependency between the economic performance and political decision making in the aftermath of 2008. It is not only economics, stupid, but also politics which matters.” – Michael Bolle, Director, Jean Monnet Center of Excellence for European Integration, Free University of Berlin, Germany
“This book edited by José Manuel Caetano and Miguel Rocha de Sousa, is written out of a concern of the different authors to improve the governance of the Eurozone. It contains important chapters identifying the weaknesses of the Eurozone and the reforms of its governance that will make it sustainable in the long run. This is a book I highly recommend for students, academics and policymakers in Europe.” – Paul De Grauwe, “John Paulson Chair” in European Political Economy, European Institute, London School of Economics and Political Science (LSE)
“Much of the debate about the Eurozone crisis has been dominated by viewpoints from the Institutions and the larger countries. We have heard very little from the smaller countries that were at the center of the cyclone. It is fortunate that this book brings together contributions by (mostly) Portuguese scholars. They are economists and political scientists and they have much to tell. The readers will discover the extent of suffering that the crisis has brought to Portugal. Economic activity plummeted, unemployment soared, firms collapsed, of course, but these contributions also vividly depicts the frustrations from the ‘solutions’ that were imposed by the Troika.” – Charles Wyplosz, Professor of Economics, The Graduate Institute of International and Development Studies, Geneva; Director, International Center for Monetary and Banking Studies, Geneva)
Keywords: Eurozone Governance, Monetary Union, Optimum Currency Areas, Business Cycles Synchronization; Banking Union, Financial Fragmentation, Sovereign Debt Crisis
The book puts the focus on decision making, which turns it in an extremely useful deep-seated case for teaching in political economy, economic integration, governance, management and public administration. So, the book will be relevant and useful, not only for scholars, but also for professionals, as economists, political scientists, public administrators, managers, and even diplomats.