The Segmentation of Europe Convergence or Divergence between Core and Periphery 1st Edition by Ioannis Litsios,Karen Jackson,Uih Ran Lee,Mark Baimbridge 9781137590138 1137590130

1: Segmentation Across Europe

Introduction

Convergence and Divergence in Europe

EU Monetary Integration

Implications of Enlargement

Public Apathy with the EU

Overview of Book Themes

Conclusion

Bibliography

Part I: The Economics of Integration and Policy

2: Theoretical Foundations of European Economic Integration

Introduction

The Economics of Customs Unions: A Critical Perspective

Single Internal Market

Monetary Integration

Cumulative Causation

Conclusion

Bibliography

3: Theoretical Foundations and Policy Responses of Contemporary Economic Crises

Introduction

Contemporary Macroeconomics and Crises

Alternative Foundations and Policy Responses to Contemporary Economic Crises

Alternative Solutions to Contemporary Crises

Conclusion

Bibliography

4: International Monetary Systems in Historical Perspective

Introduction

Exchange Rate Regime Debate

Troubled History of International Monetary Systems

Conclusion

Bibliography

Part II: Eurozone Core and Periphery Dilemmas

5: The Eurozone Crisis: Current Account Imbalances, Budget Deficits and National Debt

Introduction

The Eurozone’s Journey Until 2007: The Policy Framework and the Economic Performance of Its

External Factors that Contributed Towards the Eurozone’s Debt Crisis

Lessons from the Eurozone Crisis and the Way Forward

The Fiscal Implementation Rules

Banking Sector Regulation and the Support of the Financial System

The Role of the European Central Bank

Conclusion

Bibliography

6: The Relationship Between Current Account and Budget Deficits: Evidence from the Eurozone

Introduction

The Twin-Deficit Hypothesis

A Brief Theoretical Exposition of the Nexus Between Fiscal Balances and Current Account Balance

Evidence from the Eurozone

Investigating the Relationship Between Fiscal Balances and Current Account Balances in the Eur

The Twin-Deficit Hypothesis and the Feldstein-­Horioka Puzzle: A Case Study for Greece, Portug

The Relationship Between National Savings and Investment

Evidence on the Long-Run Relationship Among Investment, Fiscal Balances and Current Account Bal

Twin Deficits and Fiscal Austerity

Conclusion

Bibliography

7: The Relationship Between the Real Exchange Rate and Current Account Imbalances in the Eurozon

Introduction

The Basic Current Account Identity

Current Account Balances in the Eurozone Periphery: A Case Study for Greece, Portugal and Spai

The Relationship Between the Current Account and the Real Exchange Rate in the Eurozone Perip

The Real Exchange Rate Determination

The Current Account and the Real Exchange Rate Misalignment

Conclusion

Appendix

Bibliography

Part III: European Core and Periphery Dilemmas

8: The Political Economy of EU Trade Policy: Energy and Agricultural Trade with Russia

Introduction

EU Dependence on Imports of Russian Energy

Impacts of EU-Russia Sanctions on the EU Agricultural Sector and Common Trade Policy

Does Trade Expose EU Vulnerability?

Conclusion

Bibliography

9: Alternative UK Trade Relationships Post-Brexit

Introduction

The Myth of Globalisation and Economic Interdependence

Alternative Trade Relationships: Within the European Sphere

Alternative Trade Relationships: A Global Vision

Canadian Model

World Trade Organisation (WTO) Model

Development of New Free Trade Agreements

Membership in NAFTA

Commonwealth FTA

Conclusion

Bibliography

10: Changing Tides: Geopolitics and Global Trade Blocs

Introduction

Historical Reflections

Mega-regionals

Europe: Central or Peripheral Player in the Global Trade Environment?

Conclusions