Abstract
Based on a discussion of main channels through which fiscal stability can contribute to financial stability, the current legal governance framework of the euro area and the experience gained in its application are assessed with the aim to offer an answer to the question alluded to in the title, namely whether the EU’s fiscal architecture, namely the current EMU legal framework on economic policy coordination, provides a meaningful contribution to financial stability. Moreover, the potential of this framework to accommodate future measures to enhance fiscal stability is briefly assessed.
| Original language | English |
|---|---|
| Pages (from-to) | 203-221 |
| Number of pages | 19 |
| Journal | Journal of European Integration |
| Volume | 45 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 16 Mar 2023 |
Bibliographical note
Acknowledgments:An earlier version of this paper was presented at the May 2022 Workshop on ‘The Politics, Law and Political Economy of European Banking Union: The First Decade of Operation’, organized by the Institute of Political Science and the Robert Schuman Initiative at the University of Luxembourg. I am grateful to Amy Verdun, Klaus Tuori, and Shawn Donnley, as well as to the two anonymous reviewers for their helpful feedback and comments.
Publisher Copyright:
© 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.