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9780415247665

Fiscal Federalism and European Economic Integration

by ;
  • ISBN13:

    9780415247665

  • ISBN10:

    0415247667

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2003-12-18
  • Publisher: Routledge

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Summary

The pace of economic integration amongst European Union (EU) member states has accelerated considerably during the past decade, highlighted by the process of Economic and Monetary Union (EMU). Many aspects of the EU's apparatus, however, have failed to evolve in order to meets these new challenges. This book explores the issues of fiscal federalism within the context of EU integration from theoretical, historical, policy and global perspectives. It contrasts the pace of integration amongst EU member states with failure of financial and administrative apparatus to evolve to encompass fiscal federalism, i.e. the development of a centralized budgetary system. This impressive collection, with contributions from a range of internationally respected authors, shall interest students and researchers involved with European economics and economic integration. Its accessible style will also make it extremely useful to policy-makers and professionals for whom European economic integration is a daily topicof conversation.

Table of Contents

List of figures vii
List of tables ix
List of contributors xi
Preface xiii
Acknowledgements xv
Introduction: fiscal federalism and EMU: an appraisal 1(10)
PHILIP WHYMAN AND MARK BAIMB RIDGE
PART I Theory of fiscal federalism 11(56)
1 An essay on fiscal federalism
13(35)
WALLACE E. OATES
2 The political economy of EMU and the EU stability Pact
48(19)
RALPH ROTTE
PART II Development of EU budgetary measures 67(34)
3 The development of EU budgetary measures and the rise of structural funding
69(14)
JEFFREY HARROP
4 The development of the EU Budget and EMU
83(18)
BRIAN ARDY
PART III EMU and fiscal federalism 101(34)
5 Stabilization in EMU: a critical review
103(16)
ROBERT ACKRILL
6 Fiscal and monetary policies
119(16)
EDWARD M. GRAMLICH AND PAUL R. WOOD
PART IV A global perspective 135(60)
7 Australia's federal experience
137(18)
JEFF PETCHEY AND GRAEME WELLS
8 Fiscal federalism in Switzerland: a public choice approach
155(17)
CHRISTOPH A. SCHALTEGGER AND RENÉ L. FREY
9 Fiscal institutions, regional adjustment and convergence in Canada's currency union: lessons for EMU
172(23)
TRACY R. SNODDON
Index 195

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