Titlebook: Economic Globalization and Governance; Essays in Honor of J Luís Brites Pereira,Maria Eugénia Mata,Miguel Roch Book 2021 Springer Nature Sw

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Economic History and History of Economics: Complementary Approaches to Portuguese Economic Developmecenturies. The ensuing discussion benefits from the simultaneous consideration of two historiographical domains that complement each other: economic history and the history of economics. On the one hand, there are the authors and texts of economic history that seek to describe the facts and circumst

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A Macro-stabilization Function for the Euro Area is the absence of a centralized macroeconomic stabilization function to deal with possible asymmetrical shocks, in addition to the common monetary policy. Indeed, the EMU remains highly vulnerable to shocks without some fiscal risk sharing. To be sure, a centralized fiscal stabilization implies a c

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Fiscal Governance in the Euro Area: What Kind of Union?a high degree of fiscal discipline. After reviewing the development of the EMU fiscal framework, we argue that transfers dealing with asymmetric shocks are less important than commonly argued. Fiscal discipline is the critical issue. Three stark alternatives exist, a fiscal union, a debt union with

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On the Limits of EU Differentiated Integration: Lessons from the Eurozone Crisis and from Brexitimits. Drawing on the lessons of the Eurozone crisis and of Brexit, this chapter argues that (treaty-based) variable geometry or differentiated integration in the core European Union (EU) institutions—especially economic and monetary union (EMU)—is not sustainable. EMU has in the meantime become the