Cargando…
Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’?
How does the inherent norm of integration, notably to share risks among its members in good faith, become a self-sustaining practice? I address this question generally and for a critical case of a divisive institution, i.e. the evolution of sovereign bailout funding in the Euro Area since 2010. Comm...
Autor principal: | |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Routledge
2022
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9970183/ https://www.ncbi.nlm.nih.gov/pubmed/36864903 http://dx.doi.org/10.1080/00346764.2022.2042728 |
_version_ | 1784897870913077248 |
---|---|
author | Schelkle, Waltraud |
author_facet | Schelkle, Waltraud |
author_sort | Schelkle, Waltraud |
collection | PubMed |
description | How does the inherent norm of integration, notably to share risks among its members in good faith, become a self-sustaining practice? I address this question generally and for a critical case of a divisive institution, i.e. the evolution of sovereign bailout funding in the Euro Area since 2010. Community building between states is a potential outcome of solidaristic practices, reinforced by positive feedback processes. Inspired by Deborah Stone’s [Stone, D. A. (1999). Beyond moral hazard: Insurance as moral opportunity. Connecticut Insurance Law Journal, 6(1), 12–46] work on insurance, I demonstrate that there are social mechanisms at play that favour the secular expansion of risk sharing between states. |
format | Online Article Text |
id | pubmed-9970183 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Routledge |
record_format | MEDLINE/PubMed |
spelling | pubmed-99701832023-02-28 Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? Schelkle, Waltraud Rev Soc Econ Articles How does the inherent norm of integration, notably to share risks among its members in good faith, become a self-sustaining practice? I address this question generally and for a critical case of a divisive institution, i.e. the evolution of sovereign bailout funding in the Euro Area since 2010. Community building between states is a potential outcome of solidaristic practices, reinforced by positive feedback processes. Inspired by Deborah Stone’s [Stone, D. A. (1999). Beyond moral hazard: Insurance as moral opportunity. Connecticut Insurance Law Journal, 6(1), 12–46] work on insurance, I demonstrate that there are social mechanisms at play that favour the secular expansion of risk sharing between states. Routledge 2022-02-26 /pmc/articles/PMC9970183/ /pubmed/36864903 http://dx.doi.org/10.1080/00346764.2022.2042728 Text en © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group https://creativecommons.org/licenses/by-nc-nd/4.0/This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/ (https://creativecommons.org/licenses/by-nc-nd/4.0/) ), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. |
spellingShingle | Articles Schelkle, Waltraud Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title | Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title_full | Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title_fullStr | Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title_full_unstemmed | Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title_short | Monetary solidarity in Europe: can divisive institutions become ‘moral opportunities’? |
title_sort | monetary solidarity in europe: can divisive institutions become ‘moral opportunities’? |
topic | Articles |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9970183/ https://www.ncbi.nlm.nih.gov/pubmed/36864903 http://dx.doi.org/10.1080/00346764.2022.2042728 |
work_keys_str_mv | AT schelklewaltraud monetarysolidarityineuropecandivisiveinstitutionsbecomemoralopportunities |