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European fiscal integration in euro absentia. Budgetary compliance as a step stone to a fiscal union.
 Pavel, Stefania-Felicia ; Young, Mitchell (advisor) ; Arregui Moreno, Francisco Javier (referee)
European fiscal integration in euro absentia. Budgetary compliance as a step stone to a fiscal union Author: Ștefania-Felicia Pavel Student ID: 31195144 Degree: Erasmus Mundus Joint Master Programme European Politics and Society Supervisor: Mitchell Young, PhD. Institution: Charles University, Faculty of Social Sciences Institute of International Studies Submission: June 2020 Defence: September 2020 English abstract This research investigates fiscal convergence via disciplined budgets in non-euro Member States. The thesis hypothesizes that 1) post-2010 enhanced macroeconomic governance is conducive to a fiscal union and 2) fiscal stance of non-euro Member States is not correlated with their attitude to euro adoption. The fiscal convergence in euro absentia is dually tested through theory application and intensive case studies. The results show that countries can be fiscally compliant, but reject the euro or be euro enthusiast, yet fiscally deviant. Thus, the single currency can be either backstop or driver of more integration, nonetheless, European integration continues. The findings substantiate the proposition that a fiscal union is building up even in euro absentia.
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