Routledge Handbook of the Economics of European Integration provides readers with a brief but comprehensive overview of topics related to the process of European integration in the post-World War II period. Its short chapters reflect the most up-to-date and concise research, written by a collective of experts on their own subjects.
The aim of this book is twofold. Firstly, the text illustrates the broad and diverse range of issues associated with European integration, and lastly, the key approaches and findings are summarised. Since institutional integration in Europe is an ongoing process, with possibly frequent and sometimes rapid changes, the chapters are intended to focus on the key features of the economic analyses of these topics.
A wide and diverse set of economic issues is of direct relevance for European integration. These topics cover various fields, ranging from the history of the European Economic and Monetary Union, EU Trade Policy and the stability of international trade, single market issues over fiscal, monetary and other policies, the crisis that faces the Euro area, and institutions such as EU Council of Ministers. Not surprisingly, many of these issues have also been analysed from a European perspective.
This handbook is designed to provide students, researchers, the public and policy makers with ready and accessible knowledge of issues related to European integration and will provide the definitive overview of research in the area.
I. History 1.West European Economic Integration since 1950 (Nicholas Crafts) 2. The History of European Economic and Monetary Union (Harold James) 3. History of Economic Thought and Policy-Making at the European Commission (Ivo Maes) II. The Single Market and the Euro 1. The Economics of the Single Market (Harry Flam) 2. Factor Movements: FDI (Bent Sørensen, Carolina Villegas-Sanchez) 3. The Euro as an International Currency (Agnès Bénassy Quéré) III. Monetary and Fiscal Policy 1.The Common Currency: More Complicated than it Seems (Charles Wyplosz) 2. Design Failures in the Euro Area: Can They Be Fixed? (Paul De Grauwe) 3. The Credit Channel of Monetary Policy in the Euro Area (Angela Maddaloni , Jose Peydro) 4. Fiscal Policy in the EU: An Overview of Recent and Potential Future Developments (Roel Beetsma) 5. The Roles of Fiscal Rules, Fiscal Councils, and Fiscal Union in EU Integration (Lars Calmfors) IV. Trade Issues 1.European Integration and the Gains from Trade (Gianmarco Ottaviano) 2. The Effects of European Integration on the Stability of International Trade: A Duration Perspective (Tibor Besedeš) 3. EU Trade Policy (André Sapir) 4. The EU and the US: TTIP (Gabriel Felbermayr) 5. The EU and the ACP Countries (Ludger Kühnhardt) V. Selected Policy Areas 1.Regional Policy (Sascha Becker, Peter Egger,Max von Ehrlich) 2. The Common Agricultural Policy (Johan Swinnen) 3. Labor and Social Policy (Giuseppe Bertola) 4. Tax Competition and Tax Coordination (Christian Keuschnigg, Simon Loretz, Hannes Winner) 5. Financial Market Integration, Regulation and Stability (Angel Ubide) VI. The Crisis 1.The Crisis in Retrospect: Causes, Effects, and Policy Responses (Fritz Breuss) 2. Exceptional Policies for Exceptional Times: The ECB’s Response to the Rolling Crises of the Euro Area (Lucrezia Reichlin, Huw Pill) 3. Living (Dangerously) Without a Fiscal Union (Ashoka Mody) 4. Reforming the Architecture of EMU: Ensuring Stability in Europe (Jakob de Haan, Jeroen Hesseland, Niels Gilbert) VII. Institutions 1.The Political Economy of European Integration (Enrico Spolaore) 2. Efficiency, Proportionality and Member States’ Power in the EU Council of Ministers (Nikolaos Antonakakis, Harald Badinger, Wolf Heinrich Reuter) 3. Measuring European Economic and Institutional Integration (Helge Berger, Volker Nitsch) 4. The Dynamics of European Economic Integration: A Legal Perspective (Erich Vranes)