IDEAS home Printed from https://ideas.repec.org/p/bre/polcon/31321.html
   My bibliography  Save this paper

Redefining Europe’s economic sovereignty

Author

Listed:
  • Mark Leonard
  • Jean Pisani-Ferry
  • Elina Ribakova
  • Jeremy Shapiro
  • Guntram B. Wolff

Abstract

Europeans like to believe the European Union has the collective economic size and capacity to determine its own economic destiny. But the behaviour of others global powers is increasingly calling this ability into question. China and the United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They are increasingly using economic connections, from cyberspace to financial links, to gain geopolitical advantage...

Suggested Citation

  • Mark Leonard & Jean Pisani-Ferry & Elina Ribakova & Jeremy Shapiro & Guntram B. Wolff, 2019. "Redefining Europe’s economic sovereignty," Policy Contributions 31321, Bruegel.
    • Handle: RePEc:bre:polcon:31321
    as

    Download full text from publisher

    File URL: https://www.bruegel.org/wp-content/uploads/2019/06/PC-09_2019_final-1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. André Sapir, . "Fragmented power- Europe and the global economy," Books, Bruegel, number 54.
    2. Saleem Bahaj & Ricardo Reis, 2018. "Central Bank Swap Lines," Discussion Papers 1816, Centre for Macroeconomics (CFM).
    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. Jean Pisani-Ferry, 2021. "Global asymmetries strike back," Essays and Lectures 44335, Bruegel.
    2. Giudice, Gabriele & de Manuel Aramendía, Mirzha & Kontolemis, Zenon & Monteiro, Daniel P., 2019. "A European safe asset to complement national government bonds," MPRA Paper 95748, University Library of Munich, Germany.
    3. Andreas Goldthau & Nick Sitter, 2021. "Horses for courses. The roles of IPE and Global Public Policy in global energy research [The profits of power: Commerce and realpolitik in Eurasia]," Policy and Society, Darryl S. Jarvis and M. Ramesh, vol. 40(4), pages 467-483.
    4. Doris Fischer, Nils Ole Oermann, Hans-Jürgen Wolff, Xuewu Gu, Margot Schüller Antonia Reinecke, 2019. "Die Konkurrenz um wirtschaftliche Dominanz: Wie kann sich Europa zwischen den USA und China positionieren?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(22), pages 03-21, November.
    5. Reuter, Christian & Kaufhold, Marc-André & Schmid, Stefka & Spielhofer, Thomas & Hahne, Anna Sophie, 2019. "The impact of risk cultures: Citizens' perception of social media use in emergencies across Europe," Technological Forecasting and Social Change, Elsevier, vol. 148(C).
    6. György Szapáry & Dániel János Plósz, 2019. "Geopolitical Shifts in the Evolving New World Order," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(4), pages 112-129.
    7. Niclas Frederic Poitiers, 2020. "Institutionelle Aspekte einer neuen Handelsordnung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(5), pages 328-332, May.
    8. Francesco Crespi & Serenella Caravella & Mirko Menghini & Chiara Salvatori, 2021. "European Technological Sovereignty: An Emerging Framework for Policy Strategy," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(6), pages 348-354, November.
    9. Lenz, Fulko, 2020. "Europa im Systemwettbewerb mit China: Trugschlüsse, Schutzinstrumente und offensive Antworten," Argumente zur Marktwirtschaft und Politik 150, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    10. Morgenthaler, Simon & Kuckshinrichs, Wilhelm & Witthaut, Dirk, 2020. "Optimal system layout and locations for fully renewable high temperature co-electrolysis," Applied Energy, Elsevier, vol. 260(C).

    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. Cerutti, Eugenio M. & Obstfeld, Maurice & Zhou, Haonan, 2021. "Covered interest parity deviations: Macrofinancial determinants," Journal of International Economics, Elsevier, vol. 130(C).
    2. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
    3. Madi Sarsenbayev & Nicolas Véron, 2020. "European versus American Perspectives on the Belt and Road Initiative," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(2), pages 84-112, March.
    4. Berthou, Antoine & Horny, Guillaume & Mésonnier, Jean-Stéphane, 2022. "The real effects of invoicing exports in dollars," Journal of International Economics, Elsevier, vol. 135(C).
    5. Egemen Eren & Andreas Schrimpf & Vladyslav Sushko, 2020. "US dollar funding markets during the Covid-19 crisis - the international dimension," BIS Bulletins 15, Bank for International Settlements.
    6. Hao, Kaixuan & Han, Liyan & Li, (Tony) Wei, 2022. "The impact of China's currency swap lines on bilateral trade," International Review of Economics & Finance, Elsevier, vol. 81(C), pages 173-183.
    7. Barry Eichengreen, 2009. "From the Asian crisis to the global credit crisis: reforming the international financial architecture redux," International Economics and Economic Policy, Springer, vol. 6(1), pages 1-22, June.
    8. Ca' Zorzi, Michele & Dedola, Luca & Georgiadis, Georgios & Jarociński, Marek & Stracca, Livio & Strasser, Georg, 2020. "Monetary policy and its transmission in a globalised world," Working Paper Series 2407, European Central Bank.
    9. Robert N McCauley & Catherine R Schenk, 2020. "Central bank swaps then and now: swaps and dollar liquidity in the 1960s," BIS Working Papers 851, Bank for International Settlements.
    10. M. Ayhan Kose & Peter S. O. Nagle & Franziska Ohnsorge & Naotaka Sugawara, 2020. "Can This Time Be Different? Policy Options in Times of Rising Debt," Koç University-TUSIAD Economic Research Forum Working Papers 2008, Koc University-TUSIAD Economic Research Forum.
    11. Pierre-Olivier Gourinchas & Hélène Rey & Maxime Sauzet, 2019. "The International Monetary and Financial System," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 859-893, August.
    12. Gino Cenedese & Pasquale Della Corte & Tianyu Wang, 2021. "Currency Mispricing and Dealer Balance Sheets," Journal of Finance, American Finance Association, vol. 76(6), pages 2763-2803, December.
    13. Olav Syrstad & Ganesh Viswanath-Natraj, 2020. "Price-setting in the foreign exchange swap market: Evidence from order flow," Working Paper 2020/16, Norges Bank.
    14. Liao, Gordon Y., 2020. "Credit migration and covered interest rate parity," Journal of Financial Economics, Elsevier, vol. 138(2), pages 504-525.
    15. Ohnsorge, Franziska & Kose, M. Ayhan, 2020. "Emerging and Developing Economies: Ten Years After the Global Recession," CEPR Discussion Papers 14405, C.E.P.R. Discussion Papers.
    16. Dreher, Axel & Sturm, Jan-Egbert & Vreeland, James Raymond, 2009. "Global horse trading: IMF loans for votes in the United Nations Security Council," European Economic Review, Elsevier, vol. 53(7), pages 742-757, October.
    17. Judith Clifton & Daniel Díaz-Fuentes, 2010. "Is the European Union Ready for Foreign Direct Investment from Emerging Markets?," Palgrave Macmillan Books, in: Karl P. Sauvant & Geraldine McAllister & Wolfgang A. Maschek (ed.), Foreign Direct Investments from Emerging Markets, chapter 0, pages 335-358, Palgrave Macmillan.
    18. Azar R. Hasanli, 2020. "Global Liquidity Challenges of the International Monetary System," Proceedings of the 17th International RAIS Conference, June 1-2, 2020 032ah, Research Association for Interdisciplinary Studies.
    19. Emmanuel Carré & Laurent Le Maux, 2018. "The Federal Reserve's Dollar Swap Lines and the European Central Bank during the global financial crisis of 2007-2009," Post-Print hal-02570211, HAL.
    20. Ruch,Franz Ulrich, 2020. "Prospects, Risks, and Vulnerabilities in Emerging and Developing Economies : Lessons from the Past Decade," Policy Research Working Paper Series 9181, The World Bank.

    More about this item

    Statistics

    Access and download statistics

    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:bre:polcon:31321. 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: Bruegel (email available below). General contact details of provider: https://edirc.repec.org/data/bruegbe.html .

    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.