IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/65243.html
   My bibliography  Save this paper

EMU and sustainable integration

Author

Listed:
  • Begg, Iain
  • Bongardt, Annette
  • Nicolaïdis, Kalypso
  • Torres, Francisco

Abstract

This paper considers what will be required to make Economic and Monetary Union (EMU) sustainable following the successive crises of recent years. It starts by laying out the policy benchmark, namely the successive ‘President Reports’ produced by EU institutions. It then suggests three dimensions of sustainable integration relevant to EMU, namely the pursuit of sustainable growth, the need to take into account what we call ‘varieties of modernisation’ and the ‘ownership’ of democratically sustainable reforms. It then evaluates the recasting of EMU governance against the benchmark of sustainable integration

Suggested Citation

  • Begg, Iain & Bongardt, Annette & Nicolaïdis, Kalypso & Torres, Francisco, 2015. "EMU and sustainable integration," LSE Research Online Documents on Economics 65243, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:65243
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/65243/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hallegatte, Stephane & Heal, Geoffrey & Fay, Marianne & Treguer, David, 2011. "From growth to green growth -- a framework," Policy Research Working Paper Series 5872, The World Bank.
    2. Paul de Grauwe, 2013. "Design Failures in the Eurozone: Can they be fixed?," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 7, London School of Economics / European Institute.
    3. Menon, Anand, 2012. "The Oxford Handbook of the European Union," OUP Catalogue, Oxford University Press, number 9780199546282 edited by Jones, Erik & Weatherill, Stephen.
    4. Stern, Nicholas, 2015. "Why Are We Waiting? The Logic, Urgency, and Promise of Tackling Climate Change," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262029189, December.
    5. Vivien A. Schmidt, 2013. "Democracy and Legitimacy in the European Union Revisited: Input, Output and ‘Throughput’," Political Studies, Political Studies Association, vol. 61(1), pages 2-22, March.
    6. Pieter De Wilde & Michael Zürn, 2012. "Can the Politicization of European Integration be Reversed?," Journal of Common Market Studies, Wiley Blackwell, vol. 50(S1), pages 137-153, March.
    7. repec:pri:cepsud:206chow is not listed on IDEAS
    8. Gregory C. Chow, 2010. "China's Environmental Policy: A Critical Survey," Working Papers 1221, Princeton University, Department of Economics, Center for Economic Policy Studies..
    9. Francisco Torres, 2009. "The Role of Preferences and the Sustainability of EMU," Palgrave Macmillan Books, in: Leila Simona Talani (ed.), The Future of EMU, chapter 3, pages 54-74, Palgrave Macmillan.
    10. William D. Nordhaus, 2006. "The "Stern Review" on the Economics of Climate Change," NBER Working Papers 12741, National Bureau of Economic Research, Inc.
    11. Sir Nicholas Stern, 2006. "What is the Economics of Climate Change?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 7(2), pages 1-10, April.
    12. André Sapir & Guntram B. Wolff, 2015. "Euro-area governance- what to reform and how to do it," Policy Briefs 870, Bruegel.
    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. Annette Bongardt & Francisco Torres, 2022. "The European Green Deal: More than an Exit Strategy to the Pandemic Crisis, a Building Block of a Sustainable European Economic Model," Journal of Common Market Studies, Wiley Blackwell, vol. 60(1), pages 170-185, January.
    2. Song, Xiaoqing & Wang, Xiong & Hu, Shougeng & Xiao, Renbin & Scheffran, Jürgen, 2022. "Functional transition of cultivated ecosystems: Underlying mechanisms and policy implications in China," Land Use Policy, Elsevier, vol. 119(C).
    3. Losoncz, Miklós, 2019. "A gazdasági és monetáris unió fenntarthatóságának néhány kérdése [Some issues of sustainability of the Economic and Monetary Union]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 478-496.
    4. Loewald, Christopher & Wörgötter, Andreas, 2019. "Do monetary unions dream of structural reforms?," ECON WPS - Working Papers in Economic Theory and Policy 01/2019, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    5. Annette Bongardt & Francisco Torres, 2016. "EMU Reform and Resilience in a Re-Dimensioned EU," Politica economica, Società editrice il Mulino, issue 3, pages 575-595.
    6. Maëlle Tripon & Dorothée Boccanfuso & Marie-Eve Yergeau, 2020. "Agriculture urbaine, pratiques agricoles et impacts environnementaux et de santé publique," Cahiers de recherche 20-02, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.

    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. Annette Bongardt & Francisco Torres, 2016. "EMU Reform and Resilience in a Re-Dimensioned EU," Politica economica, Società editrice il Mulino, issue 3, pages 575-595.
    2. Daniele Schiliro, 2014. "Changes in Eurozone Governance after the Crisis and the Issue of Growth," International Journal of Social Science Studies, Redfame publishing, vol. 2(2), pages 110-119, April.
    3. Henrik Scheller & Annegret Eppler, 2014. "European Disintegration – non-existing Phenomenon or a Blind Spot of European Integration Research? Preliminary Thoughts for a Research Agenda," Working Papers of the Vienna Institute for European integration research (EIF) 2, Institute for European integration research (EIF).
    4. Verónica Cecilia Gutman, 2009. "Climate change and incentives for investment in clean technologies: Can we correct the biggest market failure in history by creating more markets?," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(27), pages 11-35, January-j.
    5. Schilirò, Daniele, 2016. "Rules, Imbalances and Growth in the Eurozone," MPRA Paper 75641, University Library of Munich, Germany.
    6. Jonas Tallberg & Michael Zürn, 2019. "The legitimacy and legitimation of international organizations: introduction and framework," The Review of International Organizations, Springer, vol. 14(4), pages 581-606, December.
    7. Maciej Bukowski & Pawel Kowal, 2010. "Large scale, multi-sector DSGE model as a climate policy assessment tool - Macroeconomic Mitigation Options (MEMO) model for Poland," IBS Working Papers 3/2010, Instytut Badan Strukturalnych.
    8. Nicholas Stern, 2022. "A Time for Action on Climate Change and a Time for Change in Economics," The Economic Journal, Royal Economic Society, vol. 132(644), pages 1259-1289.
    9. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112802, London School of Economics and Political Science, LSE Library.
    10. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112808, London School of Economics and Political Science, LSE Library.
    11. Benczes, István, 2018. "Az euróövezet válságrendezése a liberális kormányköziség elméletének értelmezésében [Crisis management in the Euro Zone from the perspective of liberal inter-governmentalism]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 923-948.
    12. Andrew Anzur CLEMENT, 2015. "Reporting on the ‘ever closer union’: narrative framing in national news medias and resistance to EU integration," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6, pages 123-135, June.
    13. Thorvaldur Gylfason, 2017. "From Double Diversification to Efficiency and Growth," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(2), pages 149-168, June.
    14. John Creedy, 2007. "Discounting and the Social Time Preference Rate," Department of Economics - Working Papers Series 989, The University of Melbourne.
    15. Stern, Nicholas, 2022. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 113456, London School of Economics and Political Science, LSE Library.
    16. Stern, Nicholas, 2018. "Public economics as if time matters: Climate change and the dynamics of policy," Journal of Public Economics, Elsevier, vol. 162(C), pages 4-17.
    17. Fankhauser, Samuel & Jotzo, Frank, 2017. "Economic growth and development with low-carbon energy," LSE Research Online Documents on Economics 86850, London School of Economics and Political Science, LSE Library.
    18. Pycroft, Jonathan & Vergano, Lucia & Hope, Chris & Paci, Daniele & Ciscar, Juan Carlos, 2011. "A tale of tails: Uncertainty and the social cost of carbon dioxide," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 5, pages 1-29.
    19. Paul Welfens & Jens Perret & Deniz Erdem, 2010. "Global economic sustainability indicator: analysis and policy options for the Copenhagen process," International Economics and Economic Policy, Springer, vol. 7(2), pages 153-185, August.
    20. Richard Hyman & Rebecca Gumbrell-McCormick, 2020. "(How) can international trade union organisations be democratic?," Transfer: European Review of Labour and Research, , vol. 26(3), pages 253-272, August.

    More about this item

    Keywords

    EMU; sustainable integration; sustainable growth; varieties of modernisation; ownership of reforms; 649261;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:ehl:lserod:65243. 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: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.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.