scholarly journals European Financial Governance: FTT Reform, Controversies and Governments’ Responsiveness

2021 ◽  
Vol 9 (2) ◽  
pp. 208-218
Author(s):  
Aukje Van Loon

The Eurozone crisis exposed the incompleteness of the Economic and Monetary Union’s governance framework thereby prompting the promotion of a multitude of reform packages and proposals. This simultaneously induced conflict among EU governments on both design and content of such reforms. In case of the financial transaction tax (FTT) proposal, which failed to garner consensus among member governments, it illustrates Ireland’s disapproval clashing with favorable German and French stances. While these governments aligned on the necessity to reform, the process of harmonizing EU financial governance proved rather difficult. In analyzing governments’ variation of reform support or opposition, the societal approach to governmental preference formation is employed. This is considerably conducive in directing academic attention to the role of two explanatory variables, domestic material interests and value-based ideas, in shaping governments’ reform positions. This article encompasses a comprehensive comparative account of domestic preference formation and responsiveness of three EU governments (France, Germany and Ireland), in the case study of the FTT, and demonstrates that the two societal dynamics are prone to have played a role in shaping financial reform controversies. By building on and contributing to Eurozone crisis literature, this approach seems appropriate in analyzing financial governance reform due to the crisis’ domestic impact resulting in increased public salience, issue politicization and an advanced role of elected politicians.

2019 ◽  
Vol 11 (4) ◽  
pp. 1080 ◽  
Author(s):  
Lars Bomhauer-Beins ◽  
Corinna de Guttry ◽  
Beate Ratter

The concept of resilience has greatly contributed to the scientific discussion on human–nature interactions by analysing the dynamics, relationships and feedbacks between society and the natural environment at different levels. In this paper, we analyse how culture and societal dynamics influence those connections and, at the same time, have the potential to eventually hinder or foster social-ecological resilience. In order to do so, we take the example of a natural element which is also a cultural icon: the Conch (pronounced ‘konk’). Conch is a marine mollusc with significant social and cultural value for the islands’ society of The Bahamas. In the last decade, a decline in several Conch stocks has been documented, calling for an urgent sustainable management strategy. Nevertheless, only little efforts are happening. This case study offers an innovative understanding of resilience by introducing an aspect which is too often overseen: the role of culture in shaping social-ecological resilience. In this case study, the role of culture proved to be crucial as the cultural significance and embeddedness of Conch has made the management process challenging. But at the same time, culture can be used as a positive impulse towards adaptive management and as a starting point for sustainability. When culture materializes, it affects not only societal dynamics but also the vulnerability and the resilience process of the entire social-ecological system.


2018 ◽  
Vol 20 (3) ◽  
pp. 632-651 ◽  
Author(s):  
Thomas Warren

The eurozone crisis has reinvigorated the debate over the requirement for supranational integration within the single currency area. With the focus of political scientists often restricted to the study of intergovernmental processes of crisis management, this article considers the role of the European Parliament during the key legislative negotiations on European Union fiscal governance reform. A comparative frame analysis of the major European Union institutions’ crisis discourse is applied. Frames are linked to macroeconomic ideology as well as to different integration scenarios within Economic and Monetary Union. It is found that the European Parliament converged around limited framing devices supporting intergovernmental fiscal discipline. Key explanatory factors here were the ideological divisions among Members of the European Parliament as well as the leadership role played by the European Council. These findings are broadly consistent with the new intergovernmentalist claims that the supranational institutions are no longer hard-wired to the pursuit of supranational integration.


2016 ◽  
Vol 3 (1) ◽  
pp. 15-35
Author(s):  
Nida Baig ◽  
Mohammad Rizwan-ul-Hassan ◽  
Shafiq ur Rehman

This paper is an attempt to analyze the impact of micro financing to induce empowerment to those women who avail the facility of micro-credit in Pakistani society. The study examines the various business activities of women in Karachi who got capital through micro-financing and their socioeconomic status in family as well as society. The women empowerment as dependent variable has been used with three explanatory variables which are amount of micro-finance credit, age of the women and her family support to run her business. Logit Model is applied to assess the level of women empowerment because of binary dependent variable. Primary data has been collected through a questionnaire and in this way this is the first study in this research area using this methodology. Findings of the study indicates a positive correlation of all the variables to cause empowerment of women while family support to a woman has statistically significant impact to a woman. The study indicates the possibility of an improvement of society wellbeing and women empowerment if the direction of micro finance is focused towards women while the study is limited to Karachi region.


1987 ◽  
Author(s):  
William A. Worrall ◽  
Ann W. Stockman

2019 ◽  
Vol 3 (1) ◽  
pp. 1-9
Author(s):  
Robert M. Anderson ◽  
Amy M. Lambert

The island marble butterfly (Euchloe ausonides insulanus), thought to be extinct throughout the 20th century until re-discovered on a single remote island in Puget Sound in 1998, has become the focus of a concerted protection effort to prevent its extinction. However, efforts to “restore” island marble habitat conflict with efforts to “restore” the prairie ecosystem where it lives, because of the butterfly’s use of a non-native “weedy” host plant. Through a case study of the island marble project, we examine the practice of ecological restoration as the enactment of particular norms that define which species are understood to belong in the place being restored. We contextualize this case study within ongoing debates over the value of “native” species, indicative of deep-seated uncertainties and anxieties about the role of human intervention to alter or manage landscapes and ecosystems, in the time commonly described as the “Anthropocene.” We interpret the question of “what plants and animals belong in a particular place?” as not a question of scientific truth, but a value-laden construct of environmental management in practice, and we argue for deeper reflexivity on the part of environmental scientists and managers about the social values that inform ecological restoration.


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