The EU Reexamined

Edited by Jörn Axel Kämmerer, Professor of Public Law, EU Law and Public International Law, Bucerius Law School, Hamburg, Hans-Bernd Schäfer, Affiliate Professor, Bucerius Law School Hamburg, and Professor (em.) of Law and Economics, University of Hamburg, former Director, Institute of Law and Economics, Germany and Kaushik Basu, Professor of Economics and Carl Marks Professor of International Studies, Cornell University, Department of Economics and SC Johnson College of Business, Ithaca, New York, and former Chief Economist of the World Bank, Washington, D.C., US

Contents

1 Introduction: the European Union in global perspective –
a governance model on trial 1
Kaushik Basu, Jörn Axel Kämmerer and Hans-Bernd Schäfer
2 Quantum leaps in European integration 22
Barry Eichengreen
3 Unconventional monetary policy: the pretense of knowledge 39
Leszek Balcerowicz
4 National central banks and the governance of the
European system of central banks 43
Martin Hellwig
5 Eurozone resilience and the promise of market integration 80
Wolf-Georg Ringe
6 The primacy of EU law over national law: EU law sets
aside national law 104
Vassilios Skouris
7 A positive approach to debating the supremacy of EU law 134
Nuno Garoupa
8 Who is the “Master of the Treaties”? On the dysfunctional
interplay between the European Court of Justice and the
European Parliament 147
Hélène Gaudin
9 The rule of law crisis in Poland and the challenge to the
principle of the primacy of EU law 159
Adam Bodnar and Jarosław Bełdowski
10 A region-level analysis of the long-term economic effects
of joining the European Union 177
Rok Spruk and Nuno Garoupa
11 Peace by supra-nationality: the driving forces of European
integration 223
Wilfried Loth
12 United in sanctions? Some observations on the EU
practice of ‘restrictive measures’ in the face of the Russian
aggression against Ukraine 235
Paulina Starski
13 The hunt for unicorns: seeking goodness in Brexit 263
Ian Forrester
14 ASEAN, moving from the nation state to the ASEAN state 283
Damian Chalmers
15 Looking like a common market: the EU as a model for
Andean economic integration 304
René Urueña and Rafael Tamayo Álvarez