000			01803naa a2200205uu 4500
001			9111317473637
003			OSt
005			20190211165854.0
008			091113s2009 xx ||||gr |0|| 0 eng d
100	1		_aENDERLEIN, Henrik _938325
245	1	0	_aEMU's teenage challenge : _bwhat have we learned and can we predict from political science?
260			_aOxfordshire : _bRoutledge, _cJune 2009
520	3		_aWe review the initial predictions and claims regarding economic and monetary union (EMU) in europe against the evidence of its first ten years of existence. We argue that pessimistic views on the creation of EMU have proved to be wrong. Yet EMU's success is rather puzzling, since it is based on a peculiar institutional structure not thought to lead to success. EMU has generated redistributive effects and may have increased business-cycle synchronization. Those effects have not translated into the expected decrease of legitimacy or a widespread democratic deficit of EMU. At the institutional level, EMU has coped well with an asymmetric framework, largely decoupling EMU from political union. There have been neither major spill-over effects pusshing for further political integration nor conflict and disintegration. The main question for the future is whether this institutional structure will stay the same in the aftermath of the global financial crisis.
590			_aEconomic and monetary integration; Economic and monetary union; Economic governance; EU politics; Fiscal policy; Monetary policy; Political integration
700	1		_aVERDUN, Amy _910969
773	0	8	_tJournal of European Public Policy _g16, 4, p. 490-507 _dOxfordshire : Routledge, June 2009 _xISSN 13501763 _w
942			_cS
998			_a20091113 _b1747^b _cDaiane
998			_a20091117 _b1614^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c30879 _d30879
041			_aeng