50 years of EU economic dynamics : integration, financial markets and innovations : dedicated to Jacques Delors, a leading spirit of European integration

On the occasion of the 50th anniversary of the European Union experts present their analyses of historical developments and new economic challenges for the EU. After a reflection on historical dynamics, the contributors point out the dramatic economic shifts between Europe, Asia and the US. Representatives from major central banks (including the ECB), other leading banks, and academia analyze the dynamics of the Eurozone and financial market integration in the context of globalization and economic growth. Furthermore, the authors discuss the challenges of information and communication technologies by means of various country analyses. Moreover, the Schumpeterian prospects for Europe and the Lisbon Agenda, the long-term challenges of EU pension reforms, emission trading systems in the EU, and options for a new EU constitution are highlighted. At the bottom line of this EU analysis are major implications for investors, managers, policy-makers and the public at large in both the EU and the global economy. Front Matter....Pages I-XII Introduction....Pages 1-10 The European Union 50 Years On: Some Comments on Its Early History....Pages 11-23 Global Shift – The European Union, the United States, and the Emergence of China....Pages 25-45 Growth and Competitiveness in Euro Area Economies....Pages 47-58 Financial Market Integration and Monetary Policy....Pages 59-74 Instability of the Eurozone? On Monetary Policy, House Prices and Structural Reforms....Pages 75-108 Financial Markets and Global Integration....Pages 109-122 Banking, Financial Market Dynamics and Growth in the EU Single Market....Pages 123-128 Banking, Financial Market Structures and Growth in the EU Single Market....Pages 129-135 Information and Communication Technology: Dynamics, Integration and Economic Stability....Pages 137-182 The Role of Information and Communications Technology in Improving Productivity and Economic Growth in Europe: Empirical Evidence and an Industry View of Policy Challenges....Pages 183-201 Growth, Jobs and Structural Reform in France....Pages 203-207 Growth, Jobs and Structural Reform in the Netherlands....Pages 209-217 Growth, Jobs and Structural Reforms in Greece....Pages 219-226 Economic Catching-Up, Price Levels and Inflation Rates in Central and Eastern Europe....Pages 227-245 On the Value and Need for Revising the Economic Policy Framework in the Union....Pages 247-255 An Alternative Route to Europe – An Alternative for Europe?....Pages 257-260 Remarks on the Future Challenges of the European Union....Pages 261-274 Applying a Comprehensive Neo-Schumpeterian Approach to Europe and Its Lisbon Agenda....Pages 275-299 Ageing and Economic Growth in Europe Assessing the Impact of Systemic Pension Reforms....Pages 301-318 The EU Emissions Trading System and Its Sustainability Impact on European Industry....Pages 319-339 Is a European Constitution for an Enlarged European Union Necessary? Some Thoughts Using Public Choice Analysis....Pages 341-356 Back Matter....Pages 357-367 Experts present their analyses of historical developments as well as new economic challenges for the European Union. Contributors, representatives from major banks and academia, point out the dramatic economic shifts among and within Europe, Asia, and the United States. At the bottom line of this EU analysis are major implications for investors, managers, policymakers, and the public at large in both the EU and the rest of the world. Presents analyses of historical developments and economic challenges for the EU. This book points out the economic shifts between Europe, Asia and the US. It discusses the challenges of information and communication technologies by means of various country analyses.