Responses to the Euro Area Crisis
Measuring the Path of European Institutional Integration
Bibliographic Data
| ID | 12047741 |
|---|---|
| Authors | Francesco Paolo Mongelli (0000-0002-9543-2855, Goethe University Frankfurt, corresponding author), Ettore Dorrucci (European Central Bank), Demosthenes Ioannou (European Central Bank), Alessio Terzi (0000-0002-4891-0850, Hertie School) |
| Year | 2015 |
| Volume | 37 |
| Issue | 7 |
| Pages | 769-786 |
| Publication date | 2015-10-27 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of European Integration (JOURNAL) |
| Journal identifiers | ISSN: 0703-6337 • E-ISSN: 1477-2280 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/07036337.2015.1079373 |
| OpenAlex | W2192066428 |
| Language | EN |
| Citations received | 4 |
| References cited | 9 |
The euro area crisis has exposed flaws in the institutional framework of the European Economic and Monetary Union (EMU). The immediate causes of the crisis have been widely debated — including weak governance, persistent erosion of competitiveness in some countries and easy financing by banks. However, there is little discussion about a fundamental shift in the nature of European integration, which took place in mid-1990s when plans for launching the euro became credible and binding. It was not understood that Europe had shifted from a Common Market Era, during which EMU’s foundations were laid, to a ‘Union Era’ which in retrospect exhibited an incomplete institutional framework. This article reviews the leap in governance now taking place, whilst taking stock of what has worked and proved resilient over the previous 60 years. This is done by means of an index — the European Index of Regional Institutional Integration (EURII) — providing a tool to synthesise and monitor European institutional integration since 1958, and track all institutional reforms since 2010. EURII has both backward as well as forward-looking components anchored on the project put forward in the 2012 Four Presidents’ Report
Banking Union · Corporate governance · Economic and monetary union · Economic governance · Economic system · Economics · European debt crisis · European integration · European union · Financial crisis · Geography · Index (typography · Institutional change · Institutional investor · International economics · Macroeconomics · Political science · Stock (firearms · Stock market · European Monetary and Fiscal Policies · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Public Administration · Finance
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,36 |
| Citation span | 2015 - 2023 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |