“Institutions v. rules”: common financial politics implementation mechanism in the European Union

封面

全文:

开放存取 开放存取
受限制的访问 ##reader.subscriptionAccessGranted##
受限制的访问 订阅存取

详细

The organisational mechanism “institutions v. rules” is considered in the article as an alternative for supranational rules and international treaties within the international unions and integrational entities. On the certain stage of the international regional integration there is a need for common financial policy implemented by the member-states. However, public finance is a sensitive and complicated field for supranational regulation and international treaties. The technology “institutions v. rules” which implies creation of independent financial institutions monitoring and advising on the state’s financial policy can be an alternative for legal norms. The technology “institutions v. rules” is applied in the European Union but still underestimated in the EAEU.

全文:

受限制的访问

作者简介

Sergey Shokhin

Moscow state Institute (University) of International Relations of Ministry of Foreign Affairs of Russian Federation

Email: doctorsos07@rambler.ru
ORCID iD: 0000-0002-2777-3615
Researcher ID: C-5244-2018
Russian Federation, Moscow

Ekaterina Kudryashova

Siberian University of Consumer Cooperation (SibUCC)

编辑信件的主要联系方式.
Email: ev_kudryashova@inbox.ru
ORCID iD: 0000-0002-7029-5794
SPIN 代码: 7017-2770
Researcher ID: D-2011-2009
Russian Federation, Novosibirsk

参考

  1. Bochkareva E.A., Zapolsky S. V., Kozhushko S. V. General theoretical problems of Russian Financial law: a review of scientific research // State and Law. 2020. No. 11. P. 58 - 71 (in Russ.).
  2. Gracheva M. Features of the activity of the Independent Budget Council in Germany // Scientific and Analytical Herald of the Institute of Europe of the Russian Academy of Sciences. 2018. No. 2. P. 142–158 (in Russ.).
  3. Komissarova Zh. N., Sergeev E.A. Fiscal regulation of the EU and budget consolidation in the Visegrad Group countries // Herald of MGIMO University. 2019. No. 3 (66). P. 131–158 (in Russ.).
  4. Kudryashova E.V. The Central Bank of the Russian Federation in the system of strategic planning of Russia // Banking Law. 2017. No. 1. P. 20 - 24 (in Russ.).
  5. Ledneva Yu. V. Taking into account the fiscal interests of the state when optimizing the tax regime for attracting investments // Journal of Russian law. 2020. No. 7. P. 144 - 157 (in Russ.).
  6. Povetkina N.A. Financial stability of the Russian Federation. Legal doctrine and practice of provision. M., 2016 (in Russ.).
  7. Povetkina N.A., Meitardjian D.A. “Independent fiscal institution” in the mechanism of ensuring financial stability of the state // Journal of Foreign Legislation and comparative Jurisprudence. 2018. No. 3 (70). P. 113–117 (in Russ.).
  8. Pogorelskaya S.V. The Lisbon Treaty: problems of political consolidation of the EU // World Economy and International Relations. 2010. No. 7. P. 40–54 (in Russ.).
  9. Sorbale A.B. Power and authority in the European Union: “Kings of the mountain” and “grand coalitions” // Political Science. 2019. № 3. P. 200–221 (in Russ.).
  10. Tokareva E.V. “Open method of coordination” — a new management model in the EU // Herald of the Perm University. Ser.: Political Science. 2010. No. 3. P. 110 - 121 (in Russ.).
  11. Shokhin S.O. A new stage in the development of financial control // Lawyer. 2013. No. 19. P. 32 - 36 (in Russ.).
  12. Shokhin S.O., Kudryashova E.V. Feedback - an acute problem of legal regulation of public finance // Law enforcement. 2020. Vol. 4. No. 4. P. 35–45 (in Russ.).
  13. Adler-Nissen R. Opting out of the European Union: diplomacy, sovereignty and European integration. Cambridge, 2014.
  14. Beetsma R, Debrun X, Xiangming F. et. al. Independent Fiscal Councils: Recent Trends and Performance. IMF Working Paper WP 18/68 2018.
  15. Haan J., Berger H., Jansen D. (2004) Why has the Stability and Growth Pact Failed? // International Finance. 2004. Vol. 7. No. 2. P. 235 - 260.
  16. Halffman W. Measuring the Stakes: The Dutch Planning Bureaus in: Lentsch J., Weingart P. Scientific Advice to Policy Making: International Comparison. Opladen, 2009.
  17. Horvath M. (2018) EU Independent Fiscal Institutions: An Assessment of Potential Effectiveness // Journal of Common Market Studies. Vol. 56. No 3. P. 504 - 519.
  18. Kasyanov R., Kriger A. (2020) Towards Single Market in Financial Services: Highlights of the EU and the EAEU Financial Markets Regulation // Russian Law Journal. Vol. 8. No. 1. P. 111 - 137.
  19. Koptis G. (ed) Rules-Based Fiscal Policy in Emerging Markets. Procyclicality of Financial Systems in Asia. Palgrave Macmillan. London, 2004.
  20. Larch M., Braendle T. (2018) Independent Fiscal Council: Neglected Siblings of Independent Central Banks? An EU prospective // Journal of Common Market Studies. No. 56 (2). P. 267–283.
  21. Leith C. (2005) Fiscal Stabilization Policy and Fiscal Institutions. Oxford Review of Economic Policy. Vol. 21. No. 4. P. 584–597.
  22. Schick A. Fiscal Institutions versus Political Will. In: Kopits G.(eds.) Rules-Based Fiscal Policy in Emerging Markets. Procyclicality of Financial Systems in Asia. Palgrave Macmillan. London, 2004.
  23. Shashkova A.V. Regulating principles of disclosure of information to shareholders under G20 / OECD principles / K.S. Soliman, Proceedings of the 33rd International Business Information Management Association Conference. IBIMA 2019. P. 1931 - 1936.
  24. Wyplosz C. ‘Fiscal Policy: Institutions Versus Rules’ // National Institute Economic Review. 2005. No. 19. P. 64–78.

版权所有 © Russian Academy of Sciences, 2023
##common.cookie##