The Continuing Evolution of Europe.

Intro -- Contents -- Contributors -- Series Foreword -- Chapter 1. The Continuing Evolution of Europe: Introduction and Overview -- The Financial Crisis: A Risk for the Euro Area -- Global Constraints -- Industrial Policy: The Role of National Champions -- Reforming the European Welfare State -- Reforming Institutions and the Public Sector -- Chapter 2. Financial Market Regulation in Europe -- 2.1 Introduction -- 2.2 Recent Developments: Lending Booms, Financial Integration, and Increased Competition -- 2.3 Bailout Expectations and Moral Hazard -- 2.4 The Current Financial Crisis and Short-Term Reactions of the Authorities -- 2.5 Long-Term Policy Options: Strengthening the Basel Treaty and a Return to Narrow Banking -- 2.6 The European Dimension -- 2.7 Conclusion -- Notes -- References -- Chapter 3. Global Constraints on European Integration over the Next Few Decades -- 3.1 Introduction -- 3.2 The Rise of China, India, and the South -- 3.3 Geographic Mobility of Production -- 3.4 Global Environmental Considerations -- 3.5 Global Financial Structure -- 3.6 Migration Considerations -- 3.7 Future European Integration as a Process Influenced by Global Considerations -- 3.8 Conclusion -- Notes -- References -- Chapter 4. Do We Need National or European Champions? -- 4.1 Introduction -- 4.2 Extracting Monopoly Rent Abroad -- 4.3 Protecting Employment -- 4.4 Innovative Champions? -- 4.5 Spillovers, Clusters, and Poles -- 4.6 The Political Economy of Picking Winners -- 4.7 Conclusion -- Note -- References -- Chapter 5. Reforming the European Welfare State -- 5.1 Introduction -- 5.2 The Welfare State's Economic Rationale -- 5.3 Boosting Employment and Activating the Unemployed -- 5.4 Dealing with the Aging Problem -- 5.5 Managing International Migration -- 5.6 Conclusion -- Notes -- References.

Chapter 6. Europe at a Crossroads: Reforming Political Institutions and Public Sectors -- 6.1 Introduction -- 6.2 Voting in the European Union: Ideology, Party Discipline, and Allegiance -- 6.3 Budget Approval and National Implementation of EU Legislation -- 6.4 Political Economy and the Failure of Structural Reforms -- 6.5 Race to the Bottom and the Neoliberal Success of the European Union: What ' s Next? -- 6.6 The Crisis and the European Economy -- 6.7 Redesigning the Public Sector in Europe -- 6.8 Prescriptions of Fiscal Federalism -- 6.9 What Should Europe Do and What Do Europeans Think about it? -- 6.10 Extremist Parties on Left and Right and Public Euroskepticism -- 6.11 How Can European Politics Be Given a New Lease on Life? -- 6.12 Summing Up -- Notes -- References -- Index.

Economists address key challenges facing the EU, including financial instability, welfare state reform, inadequate institutional framework, and global economic integration.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.