Description
Book SynopsisWith global finance reshaping the world economy, this insightful new book provides a full account of the EU's financial integration strategy, together with a critical assessment arguing the case for social control over global finance.
Written by acknowledged experts in European finance, this book discusses key issues from finance to general social developments, encompassing social security systems, employment relations, household saving and borrowing, and the question of economic stability. Thus far, America has been pre-eminent both in global financial markets and international banking - so how should the European Union meet this challenge? Global Finance and Social Europe constructively argues that an active response is required and highlights the importance of an integrated European financial system.
Aimed at an international audience, this book will strongly appeal to researchers, academics and readers who share an interest in European integration and global economic issues.
Trade Review'This book is to be highly recommended. It provides an important analysis of the European financial system and how this relates to global developments.' -- International Review of Applied Economics
'This book provides an excellent critical account of the relationship between global financial developments, the emergent European financial system, and the implications of the operation of these for the European social model and its future. The chapters carefully analyze the characteristics of current financial relationships and show how these impinge on a whole range of policy areas from employment and social protection through to economic stability and retail financial markets. The book builds up a systematic picture of the pressures being experienced throughout European society as financial engineering has gathered pace, and provides telling suggestions as to how to combat the most threatening aspects of these developments for European policy makers. This book is a "must read" for anyone concerned about the possible consequences of recent tumultuous events that have shaken the global financial system.' -- Grahame Thompson, The Open University, UK and Copenhagen Business School, Denmark
Table of ContentsContents: Introduction John Grahl 1. Money and Finance Today Trevor Evans 2. International Finance Trevor Evans 3. Europe’s Financial Systems Under Pressure Marica Frangakis 4. EU Financial Market Integration Policy Marica Frangakis 5. Lisbon, Finance and the European Social Model John Grahl 6. The Official Case for Financial Integration Thorsten Block and John Grahl 7. International Finance and Instability in the EU Jan Toporowski 8. The Transformation of Corporate Europe Photis Lysandrou 9. Financial Markets and Social Security John Grahl 10. Finance and the Household John Grahl 11. The Impact of Financial Change on European Employment Relations John Grahl 12. Inclusion: Universal Access, Consumer and Workers’ Protection Jörg Huffschmid 13. Protection of the Elderly Against the Risks of Capital Markets: The Advantages of Public PAYGO Pension Systems Jörg Huffschmid 14. Financial Stability Dominique Plihon 15. Financing Social Protection and Social Equity in Europe Dominique Plihon References Index
