Economic Imbalances and Institutional Changes to the Euro and the European Union

Rajmund Mirdala is Associate Professor and Head of Department ofeconomics at Faculty of Economics, Technical University of Kosice, Slovakrepublic. He is author of five books (Fiscal Policy in the European ConvergingEconomies, Exchange Rates in the Central European Countries, Economic Aspectsof Capital Flows Liberalization in the European Transition Economies(co-author), Monetary Rules and Their Importance in the Context of MonetaryUnion and Economic Crisis (co-author), The Euro Area and the Economic Crisis(co-author)). He has published 30+ articles in foreign scientific journals, 10+articles in domestic scientific and professional journals, 40+ articles indomestic and foreign conferences. He is principal investigator in 3 projectsfrom national grant schemes, deputy principal investigator in 3 projects fromnational grant schemes and researcher in 8 domestic and foreign projects. He isa member of 17 editorial boards of foreign scientific journals and reviewer for26 domestic and foreign scientific journals (8 listed in WoS - CurrentContents). His research covers following areas: Macroeconomic and MicroeconomicTheory, Monetary Policy, Monetary Integration, International FinancialIntegration, Exchange Rates, Fiscal Policy, International Capital Flows,Transition Economies, Global Imbalances.Rosaria Rita CanalePh.d (Naples “Federico II” Univ.) is Associate Professor of Economic Policy atthe University of Naples “Parthenope” Her research interest include fiscal andmonetary policy, International economics and history of economic thought. Shewrote many articles on national and international refereed journals the greatpart of which indexed on WoS and Scopus. She collaborates with national andinternational journals as referee. Some of her recent publications are: StructuralPublic Balance Adjustment and Relative Poverty in the Eurozone Countries: AnEmpirical Investigation with Liotti G. in “Ekonomický časopis” vol. 64, no. 8, 2016; Trust in Institutions and Income Inequalityin the Eurozone: The Role of the Crisis with M. Bonasia, Liotti G. andSpagnolo N. in“Engineering Economics” vol. 27, no. 1, 2016; Capital Flows, Long Term Bond Yields and Fiscal Stance: The Eurozone PolicyTrilemma, in “Portuguese Economic Journal”, vol. 14, no. 1, pp. 31-34, 2015;On the Objective of a Sound Publicfinance in the Eurozone, with Bonasia M. in “Rivista Internazionale diScienze Sociali”, no. 2, 2016; StructuralAdjustment and Enemployment in Eurozone with Liotti G. in “AustralianEconomic review”, vol. 48, no. 2, 2015; NationalDisparities and Cyclical Dynamics in Italy (1872-2007). Was Mezzogiorno aSheltered Economy?, with O. Napolitano in “International Review of AppliedEconomics”, vol. 23, no. 3, 2015, CurrentAccount and Fiscal Imbalances in the Eurozone: Siamese Twins in an AsymmetricalCurrency Union with Marani U. in “International Economics And EconomicPolicy”,  vol. 12, no. 2, 2014; Structural Public Balance Adjustment Effectson Growth in 25 OECD Countries and Eurozone with Liotti G. and NapolitanoO. in “Comparative Economic Studies”, vol. 56, no. 4, 2014; Alternative Strategies for Monetary Policy,in “Review of Political Economy”, no. 3, 2011.

• Introduction, Economic Imbalances and Institutional Changes to the Euro and the European UnionThe Eurozone Policy Model and the Institutional Consolidation Process in the Long-Run; Mariangela Bonasia and Rosaria Rita Canale In or out of love with Europe? An empirical analysis of the determinants of national political parties’ orientation towards the European Union; De Simone E, D’Uva M, Gaeta G.L. Development-related Problems and Asymmetries in the Eurozone: The Challenge of the “Strategic” Approach; Nikolaos Karagiannis & Edward K. Zajicek Rules, Imbalances and Growth in the Eurozone; Daniele Schilirò Back to national currencies? Monetary integration in an asymmetrical currency area; Sergio Rossi From anti-growth bias to quantitative easing: the ECB’s belated conversion; Joerg Bibow Quantitative Easing in the Eurozone; Marta Orviska and John Hudson Updating the Evidence on Risk-Sharing through the Cross-Ownership of Assets in the Euro-Area; Pasquale Foresti and Oreste Napolitano  Financial Integration at Times of Crisis and Recovery; Jan Babecký, Luboš Komárek and Zlatuše Komárková EU-Banking Union: Expectations, Differences and Criticism; Dragan Momirović, Marko Janković, Maja Ranđelović Competitiveness and Macroeconomic Imbalances in Eurozone Countries; Collin Constantine Current Accounts and Competitiveness Issues in the North and South of the Euro Area; Rajmund Mirdala, Júlia Ďurčová Is there a debt-overhang problem in the European Union?; Ines Kersan-Skabic Are they all the same? Banking and financial crises in debt-ridden Euroarea countries; Tiago Cardao-Pito The Recent Experiences of Capital Flows and Fiscal Imbalances since the Creation of the Eurozone; Yaya Sissokoa and Brian W. Sloboda  Intra-European Union Imbalances and Cyclical Position: Does Monetary Policy Matter?; Jean-Pierre Allegret and Audrey Sallenave Is there convergence or divergence in the international competitiveness of the Eurozone countries?; Roberto J. Santillán-Salgado and Araceli Ortega-Díaz  Sovereign Debt Crisis: Euro-Reality: Reality.; Julius Horvath and Alfredo Hernandez

Economists and business scholars offer critical perspectives from which to observe the evolution of the Euro Area and the European Union in these times of growing economic and political conflict. They cover institutional and political issues in the policy framework of the Eurozone; monetary policy, the banking system, and financial integration; and macroeconomic imbalances and the convergence process. Among their topics are development-related problems and asymmetries in the Eurozone: the challenge of the "strategic" approach, quantitative easing in the Eurozone, current accounts and competitiveness issues in the north and south of the Euro Area, the recent experiences of capital flows and fiscal imbalances since the creation of the Eurozone, and sovereign debt crisis: Euro-reality.