The Global Financial Crisis: Lessons for European Integration

Marek Dabrowski

No 384, CASE Network Studies and Analyses from CASE-Center for Social and Economic Research

Abstract: The purpose of this paper is to analyze the various challenges facing European integration and the EU institutional architecture as result of the global financial crisis. The European integration process is not yet complete, both in terms of its content and geographical coverage. It can be viewed as a kind of intermediate hybrid between an international organization and a federation, subject to further evolution. This is also true of the Single European Market and the Economic and Monetary Union, which form the core of the EU economic architecture. Certain policy prerogatives (such as external trade, competition, and the Common Agriculture Policy) are delegated to the supranational level while others (such as financial supervision or fiscal policy) remain largely in the hands of national authorities.

Keywords: financial crisis; European integration; European Union; Economic and Monetary Union; fiscal policy; financial supervision; global financial architecture; IMF (search for similar items in EconPapers)
JEL-codes: F33 F42 G15 G18 H87 (search for similar items in EconPapers)
Pages: 34 Pages
Date: 2009
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Journal Article: The global financial crisis: Lessons for European integration (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:sec:cnstan:0384

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