Global Finance and Social Europe (New Directions in Modern Economics series)

With global finance reshaping the world economy, this insightful new book provides a full account of the EU's financial integration strategy, together with a critical assessment arguing the case for social control over global finance. Written by acknowledged experts in European finance, this book discusses key issues from finance to general social developments, encompassing social security systems, employment relations, household saving and borrowing, and the question of economic stability. Thus far, America has been pre-eminent both in global financial markets and international banking - so how should the European Union meet this challenge? "Global Finance and Social Europe" constructively argues that an active response is required and highlights the importance of an integrated European financial system. Aimed at an international audience, this book will strongly appeal to researchers, academics and readers who share an interest in European integration and global economic issues. Contents......Page 6 Figures and boxes......Page 8 Tables......Page 9 Contributors......Page 11 Acknowledgements......Page 13 Introduction......Page 15 1. Money and finance today......Page 24 2. International finance......Page 52 3. Europe’s financial systems under pressure......Page 76 4. EU financial market integration policy......Page 114 5. Lisbon, finance and the European social model......Page 138 6. The official case for financial integration......Page 160 7. International finance and instability in the EU......Page 173 8. The transformation of corporate Europe......Page 190 9. Financial markets and social security......Page 210 10. Finance and the household......Page 224 11. The impact of financial change on European employment relations......Page 242 12. Inclusion: universal access, consumer and workers’ protection......Page 257 13. Protection of the elderly against the risks of capital markets: the advantages of public PAYGO pension systems......Page 267 14. Financial stability......Page 279 15. Financing social protection and social equity in Europe......Page 294 References......Page 308 Index......Page 326 Money And Finance Today / Trevor Evans -- International Finance / Trevor Evans -- Europe's Financial Systems Under Pressure / Marica Frangakis -- Eu Financial Market Integration Policy / Marica Frangakis -- Lisbon, Finance And The European Social Model / John Grahl -- The Official Case For Financial Integration / Thorsten Block And John Grahl -- International Finance And Instability In The Eu / Jan Toporowski -- The Transformation Of Corporate Europe / Photis Lysandrou -- Financial Markets And Social Security / John Grahl -- Finance And The Household / John Grahl -- The Impact Of Financial Change On European Employment Relations / John Grahl -- Inclusion : Universal Access, Consumer And Workers' Protection / Jorg Huffschmid -- Protection Of The Elderly Against The Risks Of Capital Markets : The Advantages Of Public Paygo Pension Systems / Jorg Huffschmid -- Financial Stability / Dominique Plihon -- Financing Social Protection And Social Equity In Europe / Dominique Plihon. Edited By John Grahl. Includes Bibliographical References (p. 285-301) And Index. With global finance reshaping the world economy, this insightful new book provides a full account of the EU's financial integration strategy, together with a critical assessment arguing the case for social control over global finance. Written by acknowledged experts in European finance, this book discusses key issues from finance to general social developments, encompassing social security systems, employment relations, household saving and borrowing, and the question of economic stability. Thus far, America has been pre-eminent both in global financial markets and international banking -- so how should the European Union meet this challenge? Global Finance and Social Europe constructively argues that an active response is required and highlights the importance of an integrated European financial system. -- Back cover Presents an account of the EU's financial integration strategy, together with a critical assessment arguing the case for social control over global finance. This book discusses key issues from finance to general social developments, encompassing social security systems, household saving and borrowing, and the question of economic stability