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  • Introduction

  • Edited by Dariusz Adamski, University of Wroclaw, Fabian Amtenbrink, Erasmus Universiteit Rotterdam, Jakob de Haan, University of Groningen
  • Book:
    The Cambridge Handbook of European Monetary, Economic and Financial Integration
    Published online:
    28 September 2023
    Print publication:
    12 October 2023, pp 1-16

  • Summary

    The aim of this volume is to provide a reference guide to the contemporary challenges faced by the European Economic and Monetary Union (EMU). With the goal of providing a holistic picture, the editors have brought together a multidisciplinary team of scholars specialized in economic history, economics, political sciences, and law. This combination of multidisciplinary approaches makes the book unique, as most publications on EMU take a monodisciplinary approach, while the challenges faced by EMU are arguably multifaceted and therefore require a multidisciplinary approach. The authors of the contributions in the volume have been invited to judge the state of integration in EMU, thereby in particular taking into account the decade of experiences following the Global Financial Crisis (GFC), the European sovereign debt crisis, and the responses to the economic impact of the COVID-19 pandemic.

  • 4 - On the Misalignment of Monetary, Economic, and Political Integration in European Economic and Monetary Union

  • from Part I - The Economic and Monetary Union
  • Edited by Dariusz Adamski, University of Wroclaw, Fabian Amtenbrink, Erasmus Universiteit Rotterdam, Jakob de Haan, University of Groningen
  • Book:
    The Cambridge Handbook of European Monetary, Economic and Financial Integration
    Published online:
    28 September 2023
    Print publication:
    12 October 2023, pp 69-86

  • Summary

    This chapter argues that EMU is characterized by a misalignment of legal, economic, and political integration that is mainly rooted in the asymmetric incorporation of monetary and economic policy in the euro area. The legalization of monetary policy and economic policy coordination has produced a governance framework that cannot achieve monetary dominance as envisaged by the drafters of the Maastricht Treaty. At the same time, this framework also stands for a juridification of politics and the politization of law that has planted the seed for constitutional conflicts between the EU and its Member States regarding the legality and legitimacy of supranational meddling with these policy fields. It is argued that the key to addressing the root cause of the problems lies in a substantive reorientation of EMU that entails a substantive realignment of economic policy with monetary policy in the euro area and the reinforcement of the democratic legitimacy of supranational policy-making in both policy fields.

The Cambridge Handbook of European Monetary, Economic and Financial Integration
  • Edited by Dariusz Adamski, Fabian Amtenbrink, Jakob de Haan
  • Published online:
    28 September 2023
    Print publication:
    12 October 2023
  • This Handbook provides a comprehensive analysis of the past, present, and future of the European Economic and Monetary Union in its broader context. It incorporates economic, legal and political science perspectives to provide an in-depth and forward-looking scrutiny of the rationales, the main features and the shortcomings of the economic, monetary and financial integration in the euro area. Studying its complex, highly interconnected governance structures, the authors suggest directions for necessary reforms. With contributions from a diverse group of leading experts in their fields, this volume is truly versatile in its scope and approach, whilst remaining accessible for readers of different academic backgrounds.

The Internal Market and the Future of European Integration
  • Essays in Honour of Laurence W. Gormley
  • Edited by Fabian Amtenbrink, Gareth Davies, Dimitry Kochenov, Justin Lindeboom
  • Published online:
    04 May 2019
    Print publication:
    18 April 2019
  • This collection marks the rich legacy of Professor Laurence W. Gormley's scholarship in the field of EU internal market law, providing a definitive critical appraisal of all the key aspects of the internal market, with an emphasis on goods and judicial protection; Professor Gormley's expert fields. Forty chapters deal with constitutional aspects of the EU internal market, the free movement of goods, persons and services, EMU, public procurement and competition law, institutional and procedural dimensions, and the EU's external relations, which includes matters relating to Brexit. The broad theme of the book, reflecting the many interests of Professor Gormley, will appeal to scholars, students and practicing lawyers. Dealing with both classic, foundational aspects of the EU internal market as well as highly topical matters, such as Brexit, this book will be a most welcome addition to every engaged legal scholar's library, thereby celebrating the legacy of a mentor and dear friend.

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