All Outputs (2)

Persistent institutional malfunctioning in the Eurozone (2023)
Journal Article
Giordano, M., & Lapavitsas, C. (2023). Persistent institutional malfunctioning in the Eurozone. The Japanese Political Economy, 49(4), 324-345. https://doi.org/10.1080/2329194X.2023.2289883

Institutional change in the Eurozone is driven by the need to ensure the immediate survival of the euro rather than confronting the structural weaknesses of the common currency. The failure to deal with underlying weaknesses is demonstrated by the po... Read More about Persistent institutional malfunctioning in the Eurozone.

Forging Monetary Unification through Novation: The TARGET System and the Politics of Central Banking in Europe (2023)
Journal Article
Murau, S., & Giordano, M. (2024). Forging Monetary Unification through Novation: The TARGET System and the Politics of Central Banking in Europe. Socio-Economic Review, 22(3), 1283-1312. https://doi.org/10.1093/ser/mwad067

When the European Monetary Union became effective in January 1999, the accounting treatment for claims and obligations which the Eurosystem’s National Central Banks (NCBs) incur against each other in the ‘Trans-European Automated Real-Time Gross Expr... Read More about Forging Monetary Unification through Novation: The TARGET System and the Politics of Central Banking in Europe.