Achieving Dynamism in an Anaemic Europe
This book explores the reasons behind Europe’s poor performance in terms of overall growth and its progressively diminishing role in the global context. Recognizing that the big challenge is to restore confidence and hope in Europe, potential solutions ar
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Achieving Dynamism in an Anaemic Europe
Achieving Dynamism in an Anaemic Europe
Luigi Paganetto Editor
Achieving Dynamism in an Anaemic Europe
123
Editor Luigi Paganetto FUET, Economics Foundation University of Rome Tor Vergata Rome Italy
ISBN 978-3-319-14098-8 DOI 10.1007/978-3-319-14099-5
ISBN 978-3-319-14099-5
(eBook)
Library of Congress Control Number: 2015935211 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)
Contents
Perspectives on Growth, Trade, and Social Agenda Expenditures in the Eurozone During the Rest of this Decade, With and Without the EU-US Transatlantic Trade and Investment Partnership (TTIP) . . . . . . . . . . . Fred Campano, Lucio Laureti and Dominick Salvatore
1
Can Trade Become Again an Engine of Growth for Europe and the World? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Moreno Bertoldi and Christopher Mc Innes
13
Trade Margins and Exchange Rate Regimes: New Evidence from a Panel VARX Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lilia Cavallari and Stefano D’Addona
29
Rebalancing and the Euro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paul van den Noord
49
What Kind of Financial Integration Under Banking Union? . . . . . . . . Mauro Grande
69
Structural Reforms in the Eurozone: A Case of Self-defeating Expectations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Luigi Bonatti and Andrea Fracasso Transatlantic Austerity 2010–13. A Comparative Assessment. . . . . . . . Roberto Tamborini What Went Wrong with Western Europe? An Essay on the Causes of Its Economic Decline and on Possible Remedies . . . . Giuseppe Tullio
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Contents
Revitalising Europe’s
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