How can the euro area protect itself from future economic crisis? The framework governing the euro has been significantly expanded in recent years. Among the key innovations is the Macroeconomic Imbalance Procedure (MIP), which is used to monitor economic vulnerabilities among member states. David Bokhorst traces the implementation process of different recommendations in Belgium, Italy, France, the Netherlands and Germany. He presents a holistic assessment of how the MIP works in practice and analyses the effects it has on policymaking in the Member States.
D.J. Bokhorst: Governing Imbalances in the Economic and Monetary Union. A Political Economy Analysis of the Macroeconomic Imbalance Procedure.
Prof. J.H. Zeitlin
Prof. D.K. Mügge
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