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EMU Reform Proposals and Their (non) Implementation: an Overview

Sandra EckertVincent LindnerAndreas Nölke

出版	Leibniz Institute for Financial Research SAFE, Sustainable Architecture for Finance in Europe, 2020
URL	http://books.google.com.hk/books?id=NqY4zgEACAAJ&hl=&source=gbs_api

註釋

Following the financial crash and the subsequent recession, European policymakers have undertaken major reforms regarding the European Economic and Monetary Union (EMU). Yet, the success rate is mixed. Several reform proposals have either completely failed due to opposition forces or are still pending, sometimes for years. This article provides an overview of reforms in four major policy fields: financial stabilisation, economic governance, fiscal solidarity, and cooperative dissolution. Building on the conceptual foundation of policy analysis, it distinguishes between policy outputs and outcomes. Policy output refers to legislation being adopted or agreement on treaty changes, while policy outcomes depict the result from the implementation process.