Unions, Central Banks, and EMU: Labour Market Institutions and Monetary Integration in Europe

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Subfields: Finance

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The Eurozone and Political Economic Institutions (2016, background): “…developed over the last two decades, with a focus on labor market institutions and modern macroeconomics (Soskice & Iversen 1998; Hall 2012, 2014; Hancké 2013; Iversen & Soskice 2013; Johnston et al. 2014; Johnston & Regan 2014).1 It sees economies driven---as far as fiscal and monetary policy…”
Varieties of capitalism in light of the euro crisis (2018, background): “Institutional capacities for the strategic co-ordination of wages are also important here because they give co-ordinated market economies an instrument for containing the labor costs linked to the competitiveness of exports (Hancké 2013a, 2013b; Höpner and Lutter 2014; Johnston et al. 2014).”
Economic causes of the Eurozone crisis: the analytical contribution of Comparative Capitalism (2016, background): “…whereas OCA assumes that currency unions can work best with highly flexible labor markets, CC scholarship demonstrates that highly coordinated labour markets fare much better with regard to the challenges of monetary integration in the EMU (Hancké, 2013a, p. 110; Johnston et al., 2013, p. 38).”