This book offers a fresh perspective on the recent Eurozone "double crisis" and its related economic policies. In their discussion of the long-run European integration process, the authors emphasize the original weaknesses in the construction of the European Monetary Union and examine its failure to respond to the recent crisis.
Enrico Marelli is Professor of Economic Policy at the University of Brescia, Italy.Marcello Signorelli is Associate Professor of Economic Policy at the University of Perugia, Italy.
Foreword.- Preface.- 1. A Progressively Integrated European Community within the Global Economy.- 2. The European Monetary Union and OCA Theories: A Common Currency Waiting for a Real Economic Union.- 3. Monetary Policy and the European Central Bank: A Progressive Divorce from the Bundesbank Legacy?.- 4. Fiscal Policies and the EU Governance: Just Rules and Lack of Stabilisation Purposes.- 5. The Double Crisis in the Eurozone: Recession, Stagnation and High Unemployment.- 6. The EU's Policy Response: Too Little Too Late.- 7. The Need for Innovative Policies and Further Integration: A Real "Economic and Monetary" Union Leading to a Future Political Union?.