Authors:
- Outlines how responses to financial and physical risk overlap in EU institutions
- Argues for strengthening the European Systemic Risk Board
- Asks how the EU can better prepare for unknown future risks
Part of the book series: St Antony's Series (STANTS)
Buy it now
Buying options
Tax calculation will be finalised at checkout
Other ways to access
This is a preview of subscription content, log in via an institution to check for access.
Table of contents (13 chapters)
-
Front Matter
-
Back Matter
About this book
This book observes that a key determinant of Europe’s welfare over the coming decades will be how the region manages crises, both financial and societal. It examines how key institutional developments, such as Economic and Monetary Union, reflected differentiated integration (DI) in the EU, but argues that modern-day risks are highly interconnected, and their management therefore has to be inclusive. In that connection it looks in particular at the European Systemic Risk Board (ESRB), whose mandate to protect financial stability also gives it relevance with regard to other crises. The book considers that the strengthening of this institution, and bringing it to the fore, would help EU member states, as well as countries around the EU including applicant nations, to manage financial and societal risks, including COVID-19 and the transition to a green economy, thus safeguarding the economies of Europe. It builds on a model of the EU allowing for DI in some activities, while ensuring sound governance arrangements between those inside and those outside that activity, and embodying inclusivity in the fundamentals of the EU, including in the management of risk.
Reviews
—Stefan Ingves, Governor of the Swedish Riksbank, and Former Chair of the Basel Group of bank supervisors
‘This book offers the first systematic assessment of the EU’s achievements and lacuna in making its regulatory and operational risk infrastructure fit-for-purpose, and in the process offers precious guidance on the appropriate balance between stability, inclusivity and differentiation’.
—Kalypso Nicolaïdis, Chair in International Affairs, School of Transnational Governance, European University Institute, Italy‘Charles Enoch has produced a magnum opus on important aspects of Europe’s unfinishedbusiness of improving financial stability. The book demonstrates many of the difficult trade-offs between efficiency, stability and sovereignty in a clear manner. It also lets us analyse and draw conclusions on areas other than finance. As such, a must-read for anybody interested in European politics’.
—Thomas Wieser, Breugel Institute, Former President of the Euro Working Group and the European Financial Committee of the EU.
Authors and Affiliations
-
St. Antony’s College, Oxford University, Oxford, UK
Charles Enoch
About the author
Charles Enoch is the European Studies Centre Fellow at St Antony’s College, University of Oxford, UK, and Previous Deputy Director, International Monetary Fund, and Senior Advisor, Bank of England, UK. He is also the author and editor of numerous books and article, including on economic integration, and financial stability and restructuring, and has a Ph.D. from Princeton University, USA, and an MA from Cambridge University, UK.
Bibliographic Information
Book Title: Europe Beyond the Euro
Book Subtitle: Building Protection for Europe’s Economies in the Time of Risks
Authors: Charles Enoch
Series Title: St Antony's Series
DOI: https://doi.org/10.1007/978-3-030-77115-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-77114-0Published: 25 September 2021
Softcover ISBN: 978-3-030-77117-1Published: 26 September 2022
eBook ISBN: 978-3-030-77115-7Published: 24 September 2021
Series ISSN: 2633-5964
Series E-ISSN: 2633-5972
Edition Number: 1
Number of Pages: XXV, 375
Number of Illustrations: 13 b/w illustrations