Which Budgetary Union for the E(M)U
Bibliographic Data
| ID | 6282871 |
|---|---|
| Authors | Nazaré Da Costa Cabral (0000-0002-7070-4236, University of Lisbon, corresponding author) |
| Year | 2016 |
| Volume | 54 |
| Issue | 6 |
| Pages | 1280-1295 |
| Publication date | 2016-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jcms.12424 |
| OpenAlex | W2472632593 |
| Language | EN |
| Citations received | 3 |
| References cited | 22 |
This article considers whether the creation of a budgetary union in the European EMU (economic and monetary union) is a feasible and suitable way to resolve the current impasse created by the euro crisis. The article begins by identifying the major drawbacks concerning the transposition of prescriptions regarding fiscal federalism to the current E(M)U scenario, with the outlook that this appears to be an extemporaneous solution. It then indicates the alternative conception of an incomplete budgetary union, which is mostly characterized by the setting up of specific insurance mechanisms. These alternative measures are shown to be more realistic and feasible, since they combine path dependency with an innovative appropriation of specific features of the classic federalism model, modifying them to an E(M)U scenario in a heterodox way
Appropriation · Decentralization · Economic policy · Economics · European integration · European monetary union · European union · Federalism · fiscal federalism · International economics · Macroeconomics · Market economy · Monetary policy · Political science · Political union · Politics · Corporate Taxation and Avoidance · Local Government Finance and Decentralization · Political Systems and Governance
Fiscal Federalism
The Dangers of Decentralization
Toward A Second-Generation Theory of Fiscal Federalism
Report of the Study Group on the Role of Public Finance in European Integration. Volume I. General Report
The Political Economy of Fiscal Policy Co-ordination in EMU
Bringing Macroeconomics into the EU Budget Debate
Reflections on Fiscal Federalism in the Eec
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |