| Author (Person) | Vandenbroucke, Frank |
|---|---|
| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
| Publisher | Publications Office of the European Union |
| Series Title | European Economy: Discussion Papers |
| Series Details | Number 065 |
| Publication Date | 20/07/2017 |
| ISSN | 2443-8022 |
| Content Type | Research Paper |
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Summary: Does a monetary union, for it to be successful, impose limits on the diversity of labour market policies and institutions in its member states? I argue that one should not overstretch functionalist arguments in this matter; the problem at hand is political and the challenge is to identify common standards and policy rules that are functionally relevant (taking on board a combination of arguments on what a well functioning monetary union requires) and legitimate in view of shared aspirations across the member states. What is ‘needed’ and what is ‘imposed’ by monetary unification in Europe, depends on the fundamental aspirations that drive the European project at large. |
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| Source Link |
Link to Main Source
https://ec.europa.eu/info/publications/economy-finance/structural-convergence-versus-systems-competition_en
Alternative sources
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| Subject Categories | Employment and Social Affairs |
| Subject Tags | Economic and Monetary Union [EMU], Labour Market |
| Countries / Regions | Europe |
| International Organisations | European Union [EU] |
