The European Union is creating a Financial Union with a European Banking Union and a Capital Markets Union in reaction to lessons learned from incomplete financial markets integration, the Global Financial Crisis and European Sovereign Debt Crisis. This book critically analyses these projects for a more integrated, resilient and sustainable financial system at a time when the United Kingdom as the member state with the most developed capital markets and the leading global and European financial center, the City of London, is leaving the Union. Neoliberal financial globalization and markets integration policies have led to finance-led capitalism that caused the crises. By building on pre-crises integration ideas, the Union revives and expands the reach of capital markets-based financing and shadow banking. The book discusses the consequences of deeper integration and the future of European financial centers advocating an alternative financial markets integration based on theories explaining finacialization and finance-led capitalism.

Far from displaying a uniform pattern of integration, the European Union varies significantly across policy areas, institutional development and individual countries. Why do some policies such as the Single Market attract non-EU member states, while some member states choose to opt out of other EU policies? In answering these questions, this innovative new text provides a state-of-the-art introduction to the study of European integration. The authors introduce the most important theories of European integration and apply these to the trajectories of key EU policy areas – including the single market, monetary policy, foreign and security policy, and justice and home affairs. Arguing that no single theory offers a completely convincing explanation of integration and differentiation in the EU, the authors put forward a new analytical perspective for describing and explaining the institutions and policies of the EU and their development over time. Written by a team of prominent scholars in the field, this thought-provoking book provides a new synthesis of integration theory and an original way of thinking about what the EU is and how it works.

This book brings together contributions from leading scholars around the world on the most relevant and pressing economic themes surrounding the UK–EU relationship. With chapters spanning from the UK’s accession to the bloc to the aftermath of its decision to leave, the book explores key themes in UK economic growth and EU membership, international trade, foreign direct investment, financial markets and migration. Chapters interrogate the history of the relationship, the depth of foreign direct investment, and responses to the financial crisis. Considering both the history and future of UK and EU relations, the book is a relevant and timely volume that gives welcome context to a fast-changing relationship.

Comprehensive overview of the Eurozone crisis from a multidimensional constitutional perspective which incorporates the underlying economic assumptions and developments.

Assessing the consequences of Brexit on EU policies, institutions and members, this book discusses the significance of differentiation for the future of European integration. This book theoretically examines differentiated integration and disintegration, focuses on how this process affects key policy areas, norms and institutions of the EU, and analyses how the process of Brexit is perceived by and impacts on third countries as well as other organizations of regional integration in a comparative perspective. This edited book brings together both leading and emerging scholars to integrate the process of Brexit into a broader analysis of the evolution, establishment and impact of the EU as a system of differentiation. This book will be of key interest to scholar and students of European Union politics, European integration, Brexit, and more broadly to Public Administration, Law, Economics, Finance, Philosophy, History and International Relations.

Assessing the consequences of Brexit on EU policies, institutions and members, this book discusses the significance of differentiation for the future of European integration. This book theoretically examines differentiated integration and disintegration, focuses on how this process affects key policy areas, norms and institutions of the EU, and analyses how the process of Brexit is perceived by and impacts on third countries as well as other organizations of regional integration in a comparative perspective. This edited book brings together both leading and emerging scholars to integrate the process of Brexit into a broader analysis of the evolution, establishment and impact of the EU as a system of differentiation. This book will be of key interest to scholar and students of European Union politics, European integration, Brexit, and more broadly to Public Administration, Law, Economics, Finance, Philosophy, History and International Relations.