IDEAS home Printed from https://ideas.repec.org/a/sae/treure/v28y2022i1p119-133.html
   My bibliography  Save this article

From one crisis to another: changes in the governance of the Economic and Monetary Union (EMU)

Author

Listed:
  • Philippe Pochet

Abstract

The article examines the evolution of the Economic and Monetary Union (EMU) in the aftermath of COVID-19 and compares the current crisis with the previous one (the financial crisis of 2008–2013). It does so by looking at the way interests, ideas and institutions have evolved over the last decade. It looks at the possible changes in European economic governance in the light of three different models of European integration. The goal is not only to describe the differences between the two periods of crisis but also to understand the amplitude of those changes. In the actor-centred ‘institutionalism’ approach of this article, particular attention is paid to conflicts and tensions including inside the EU institutions. This allow for the elements of continuity and rupture to be highlighted and for speculation on the possibility of a new paradigm emerging.

Suggested Citation

  • Philippe Pochet, 2022. "From one crisis to another: changes in the governance of the Economic and Monetary Union (EMU)," Transfer: European Review of Labour and Research, , vol. 28(1), pages 119-133, February.
    • Handle: RePEc:sae:treure:v:28:y:2022:i:1:p:119-133
    DOI: 10.1177/10242589221084582
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/10242589221084582
    Download Restriction: no
    File URL: https://libkey.io/10.1177/10242589221084582?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Markus K. Brunnermeier & Harold James & Jean-Pierre Landau, 2016. "The Euro and the Battle of Ideas," Economics Books, Princeton University Press, edition 1, number 10828.
    2. Maria Jepsen & Philippe Pochet & Christophe Degryse, 2013. "The Euro crisis and its impact on national and European social policies," Working Papers 8595, European Trade Union Institute (ETUI).
    3. Vandenbroucke, Frank & Luigjes, Chris, 2016. "Institutional Moral Hazard in the Multi-tiered Regulation of Unemployment and Social Assistance Benefits," CEPS Papers 11526, Centre for European Policy Studies.
    4. Abdul Ghafar Noury & Simon Hix & Gérard Roland, 2007. "Democratic politics in the European Parliament," ULB Institutional Repository 2013/7744, ULB -- Universite Libre de Bruxelles.
    5. Konstantinos Efstathiou & Guntram B. Wolff, 2018. "Is the European Semester effective and useful?," Policy Contributions 26281, Bruegel.
    6. Bernhard Ebbinghaus & Lukas Lehner, 2022. "Cui bono – business or labour? Job retention policies during the COVID-19 pandemic in Europe," Transfer: European Review of Labour and Research, , vol. 28(1), pages 47-64, February.
    7. Cornel Ban & Dorothee Bohle & Marek Naczyk, 2022. "A perfect storm: COVID-19 and the reorganisation of the German meat industry," Transfer: European Review of Labour and Research, , vol. 28(1), pages 101-118, February.
    8. Giuseppe Celi & Dario Guarascio & Annamaria Simonazzi, 2020. "A fragile and divided European Union meets Covid-19: further disintegration or ‘Hamiltonian moment’?," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 411-424, September.
    9. Paul T. de Beer & Maarten Keune, 2022. "COVID-19: a prelude to a revaluation of the public sector?," Transfer: European Review of Labour and Research, , vol. 28(1), pages 135-140, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maarten Keune & Philippe Pochet, 2023. "The revival of Social Europe: is this time different?," Transfer: European Review of Labour and Research, , vol. 29(2), pages 173-183, May.
    2. David Natali, 2022. "COVID-19 and the opportunity to change the neoliberal agenda: evidence from socio-employment policy responses across Europe," Transfer: European Review of Labour and Research, , vol. 28(1), pages 15-30, February.
    3. Bernhard Ebbinghaus & Lukas Lehner, 2022. "Cui bono – business or labour? Job retention policies during the COVID-19 pandemic in Europe," Transfer: European Review of Labour and Research, , vol. 28(1), pages 47-64, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guglielmo Meardi & Arianna Tassinari, 2022. "Crisis corporatism 2.0? The role of social dialogue in the pandemic crisis in Europe," Transfer: European Review of Labour and Research, , vol. 28(1), pages 83-100, February.
    2. Bernhard Zeilinger, 2021. "Die Wirkmächtigkeit des Europäischen Semesters und ihre Auswirkung auf die Interessensvertretung durch Arbeitnehmer:innenverbände," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 231, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    3. Colin Crouch, 2022. "Reflections on the COVID moment and life beyond neoliberalism," Transfer: European Review of Labour and Research, , vol. 28(1), pages 31-45, February.
    4. David Natali, 2022. "COVID-19 and the opportunity to change the neoliberal agenda: evidence from socio-employment policy responses across Europe," Transfer: European Review of Labour and Research, , vol. 28(1), pages 15-30, February.
    5. Edoardo Bressanelli & Christel Koop & Christine Reh, 2016. "The impact of informalisation: Early agreements and voting cohesion in the European Parliament," European Union Politics, , vol. 17(1), pages 91-113, March.
    6. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    7. Léo Aparisi de Lannoy & Xavier Ragot, 2017. "Une (ré) assurance chômage européenne," SciencePo Working papers Main hal-03455381, HAL.
    8. Caravella, Serenella & Crespi, Francesco & Cucignatto, Giacomo & Guarascio, Dario, 2023. "Technological Sovereignty and Strategic Dependencies: The case of the Photovoltaic Supply Chain," GLO Discussion Paper Series 1330, Global Labor Organization (GLO).
    9. Darko Cherepnalkoski & Andreas Karpf & Igor Mozetič & Miha Grčar, 2016. "Cohesion and Coalition Formation in the European Parliament: Roll-Call Votes and Twitter Activities," PLOS ONE, Public Library of Science, vol. 11(11), pages 1-27, November.
    10. Sebastian Blesse & Pierre C Boyer & Friedrich Heinemann & Eckhard Janeba & Anasuya Raj, 2019. "European Monetary Union reform preferences of French and German parliamentarians," European Union Politics, , vol. 20(3), pages 406-424, September.
    11. Arnaud Lechevalier & Jan Wielgohs, 2015. "Social Europe: A Dead End," Post-Print halshs-03781863, HAL.
    12. Serenella Caravella & Valeria Cirillo & Francesco Crespi & Dario Guarascio & Mirko Menghini, 2023. "The diffusion of digital skills across EU regions: structural drivers and polarisation dynamics," Regional Studies, Regional Science, Taylor & Francis Journals, vol. 10(1), pages 820-844, December.
    13. Busby, Amy and Kheira, Belkacem, 2013. "Coping with the information overload': An exploration of assistants' backstage role in the everyday practice of European Parliament politics," European Integration online Papers (EIoP), European Community Studies Association Austria (ECSA-A), vol. 17, July.
    14. Pierre L. Siklos, 2020. "Looking into the Rear-View Mirror: Lessons from Japan for the Eurozone and the U.S?," IMES Discussion Paper Series 20-E-02, Institute for Monetary and Economic Studies, Bank of Japan.
    15. Alice Nicole Sindzingre, 2016. "From an Eroding Model to Questioned Trade Relationships: The European Union and Sub-Saharan Africa," Insight on Africa, , vol. 8(2), pages 81-95, July.
    16. Hefeker, Carsten, 2022. "Policy coordination under model disagreement and asymmetric shocks," Economic Modelling, Elsevier, vol. 114(C).
    17. Markus K. Brunnermeier & Sam Langfield & Marco Pagano & Ricardo Reis & Stijn Van Nieuwerburgh & Dimitri Vayanos, 2017. "ESBies: safety in the tranches," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(90), pages 175-219.
    18. Fabio Sozzi, 2013. "National Parties, Political Processes and the EU democratic deficit: The Problem of Europarties Institutionalization," EUI-RSCAS Working Papers 4, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    19. Blesse, Sebastian & Havlik, Annika & Heinemann, Friedrich, 2019. "Searching for a Euro reform consensus: The perspective from Central and Eastern Europe," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 201191, September.
    20. Dolls, Mathias & Wehrhöfer, Nils, 2021. "Attitudes towards euro area reforms: Evidence from a randomized survey experiment," European Journal of Political Economy, Elsevier, vol. 67(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:treure:v:28:y:2022:i:1:p:119-133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.