Search results for "European Integration"
showing 10 items of 134 documents
The determinants of increasing equity market comovement: economic or financial integration?
2010
This paper investigates to what extent the substantial increase in exposures of local European equity market returns to global shocks is mainly due to a convergence in cash flows (“economic integration”), to a convergence in discount rates (“financial integration”), or to both. We find that this increased exposure is nearly entirely due to increasing discount-rate betas. This finding is robust to alternative ways of calculating discount-rate and cash-flow shocks.
Exogenous Interference: The European Union’s Economic Partnership Agreements and the Stalled SADC Customs Union
2017
Focussing on the struggle for the scheduled SADC Customs Union, Muntschick reveals that extra-regional actors can actually have a negative impact on regional economic integration in the SADC. Firstly, this chapter refers to the organisation’s agenda on market integration and clarifies the intra-regional demand for the envisaged customs union. Secondly, it highlights the SADC member states’ important but asymmetric trade relations to the European Union and, in regard to this shadow structure of extra-regional interdependence, explains the interfering impact of Brussels’s Economic Partnership Agreements (EPA) on deeper market integration in the SADC. This chapter concludes that the European U…
Euroizacja – pomiędzy zróżnicowaniem a pogłębioną integracją europejską
2022
Euroization, understood as the expansion of the euro, the currency performing most or all functions of money in international trade, raises many questions and controversies both in the public debate and in the scienti!c discourse. The objective of this paper is to reach beyond the above-mentioned narrow de!- nition of euroisation, limiting itself to the process of absorbing new members (territories, economies, etc.). The scope of euroisation develops subjectively – embracing new states, as well as objectively – new markets, instruments, etc. (e.g. rising share of deposits denominated in euro, outside of the euro-zone). It is important to notice that this process evolves both o#cially and un…
The EU-Eastern Partnership Countries: Association Agreements and Transdisciplinarity in Studies, Training and Research
2014
Abstract The European Union (EU) signed Association Agreements on 27 June 2014 with Georgia, the Republic of Moldova, and Ukraine. The Association Agreement (AA) is the EU’s main instrument to bring the countries in the Eastern Partnership (EaP) closer to EU standards and norms. For the citizens of the EaP countries to benefit from these agreements, a more in-depth knowledge of the EU and the EU Member States is required to be reflected in a comparative approach to European Union studies. We examine these implications on the need to expand and adapt, the content and approach to research and teaching European Union studies, with the transdisciplinary approach becoming increasingly dominant, …
Impact on European Union Studies of the Developing EU Comprehensive Economic and Trade Agreements with Third Countries: The Case of Canada
2015
The EU has signed an agreement in principle for a Comprehensive Economic and Trade Agreement with Canada, the first of its kind for the EU, entering into force in 2015, opening a renewed market access strategy for the EU and has initiated negotiations with the USA.
The Committee of the Regions: A Springboard for the Citizens
2013
Abstract This study focuses on the relation between the Committee of the Regions (CoR), an advisory institution of the European Union defined as the political assembly of holders of a regional or local electoral mandate serving the cause of European integration, and the democratic deficit, understood as the effective ways of citizens’ participation in the institutional decision making. The work hypothesis is that the CoR, in spite of being mostly unknown to citizens, could be an effective tool for tackling the democratic deficit. Through qualitative interviews and surveys at different levels, the article analyzes the current situation and the potential opportunities of the CoR in its relati…
Exploring Differentiated Disintegration in a Post-Brexit European Union
2019
In the aftermath of the British referendum to leave the European Union and the European Commission's ‘White Paper on the Future of Europe’, it is not only time to take stock of the existing literature on differentiated integration, but also to rethink the perimeters of disintegration. We argue that phenomena such as Brexit embrace forms of differentiation which trigger the need for conceptualizing differentiated disintegration altogether. This article first sketches the path of the scholarly debate in a chronological way to grasp the breadth of existing literature. Second, it discusses differentiated disintegration as a potentially new area for research. Mapping several scenarios for future…
The Criterion of “Consistent and Systematic Manner” in Free Movement Law
2017
The conflict between the four freedoms and national regulation is not merely about colliding interests but also of colliding values and thus has, potentially, constitutional implications. The conflict has often been phrased as one between national sovereignty and European integration, but is far more than this. It is about marked liberalism and market regulation, the latter constituting the very fundament upon which the European welfare states rest. In settling conflicts between the two constitutional orders—the ordo-liberal and the welfare-state constitutions—the Court of Justice of the European Union (CJEU) applies the proportionality principle. However, the proportionality principle is a…
The EU’s Role in International Climate Change Policy-Making: A Global Leader in Decline?
2013
This chapter assesses the European Union’s (EU) role in international climate change policy-making by comparing the EU’s degree of goal attainment at the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) negotiations in Copenhagen in 2009 and Cancun in 2010. By making use of three analytical factors (coherence, the opportunity structure and politicisation) we assess the outcomes of both negotiations for the EU. The Durban negotiations of 2011 are touched upon in the conclusions.