Risk Sharing in the Euro Area: Legal Aspects

The book provides a horizontal legal analysis of risk sharing in the European Union and the euro area, examining the legal basis and mechanisms for distributing economic risks. It discusses risk asymmetries between national legal orders and practices.

Format: Hardback
Length: 91 pages
Publication date: 31 January 2023
Publisher: Springer International Publishing AG

The book delves into a comprehensive horizontal legal analysis of the challenging issue of risk sharing, which arises inherently in the process of economic and political integration, particularly within the framework of the European Union and, even more so, in the euro area. It examines the distribution of the burden of adverse economic developments across the integration area, specifically the euro area, and explores whether risk is evenly distributed or if there are mechanisms in place to mitigate it. The book takes a closer look at the legal framework and practical development of risk-sharing mechanisms in European law, as well as the disparities between national legal orders and practices that contribute to risk asymmetries. Individual contributions within the book focus on specific areas such as banking, capital markets, and unemployment insurance, providing valuable insights into these critical domains. The book's point of view holds significant importance for anyone seeking to gain a deep understanding of the practical workings of the complex integration process governed by EU law.

The book delves into a comprehensive horizontal legal analysis of the challenging issue of risk sharing, which arises inherently in the process of economic and political integration, particularly within the framework of the European Union and, even more so, in the euro area. It examines the distribution of the burden of adverse economic developments across the integration area, specifically the euro area, and explores whether risk is evenly distributed or if there are mechanisms in place to mitigate it. The book takes a closer look at the legal framework and practical development of risk-sharing mechanisms in European law, as well as the disparities between national legal orders and practices that contribute to risk asymmetries. Individual contributions within the book focus on specific areas such as banking, capital markets, and unemployment insurance, providing valuable insights into these critical domains. The book's point of view holds significant importance for anyone seeking to gain a deep understanding of the practical workings of the complex integration process governed by EU law.

Weight: 325g
Dimension: 235 x 155 (mm)
ISBN-13: 9783031195990
Edition number: 1st ed. 2023