Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro

14 Οκτωβρίου, 2015

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Thompson, Helen, (2015), “Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro”, New Political Economy, Issue 6, Volume 20, Μάιος Analysis of the German response to the euro crisis has been framed around a narrative of the relationship between domestic sacrifice and hegemony and sustains an assumption that the German commitment to the euro is proven. Such analysis downplays the …Read More

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Weak States, Poor Countries

13 Οκτωβρίου, 2015

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Deaton, Angus, (2015), “Weak States, Poor Countries”, Social Europe Journal, 13 Οκτωβρίου In Scotland, I was brought up to think of policemen as allies and to ask one for help when I needed it. Imagine my surprise when, as a 19-year-old on my first visit to the United States, I was met by a stream of obscenities from a New York City cop who was directing traffic in Times Square …Read More

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The Microeconomic Dimensions of the Eurozone Crisis and Why European Politics Cannot Solve Them

13 Οκτωβρίου, 2015

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Thimann, Christian, (2015), “The Microeconomic Dimensions of the Eurozone Crisis and Why European Politics Cannot Solve Them”, Journal of Economic Perspectives, Issue 3, Volume 29, summer The academic and policy debate about the crisis in Europe’s single currency area is usually dominated by macroeconomic and public sector considerations. The microeconomic dimensions of the crisis and the private sector issues typically get much less attention. However, it is the private sector …Read More

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Growing Government Debt Will Test Euro-Zone Solidarity

12 Οκτωβρίου, 2015

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Michel-Paul, Jean, (2015), ” Growing Government Debt Will Test Euro-Zone Solidarity”, Bloomberg View, 12 Οκτωβρίου The German chancellor and the French president stood side by side last Wednesday to address the European Parliament. But beneath that show of solidarity lies a story of two diverging economies at the heart of the euro zone. Σχετικές Αναρτήσεις Greece: On the Gredge, A Greek exit from the euro may soon become inevitable, The Economist, 25 Απριλίου 2015. …Read More

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Dealing with Losers-The Political Economy of Policy Transitions

12 Οκτωβρίου, 2015

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Trebilcock, Michael, (2015), “Dealing with Losers-The Political Economy of Policy Transitions”, Politics Series, Oxford University Press, 8 Οκτωβρίου Whenever governments change policies—tax, expenditure, or regulatory policies, among others—there will typically be losers: people or groups who relied upon and invested in physical, financial, or human capital predicated on, or even deliberately induced by the pre-reform set of policies. The issue of whether and when to mitigate the costs associated with …Read More

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The Mirage Of Structural Reform

12 Οκτωβρίου, 2015

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Rodrik, Dani, (2015), “The Mirage Of Structural Reform”, Social Europe Journal, 12 Οκτωβρίου Every economic program imposed on Greece by its creditors since the financial crisis struck in 2009 has been held together by a central conceit: that structural reforms, conceived boldly and implemented without slippage, would bring about rapid economic recovery. The European Commission, the European Central Bank, and the International Monetary Fund anticipated that fiscal austerity would be …Read More

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What options for European deposit insurance?

12 Οκτωβρίου, 2015

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Schoenmaker, Dirk, Wolff, Guntram, (2015), “What options for European deposit insurance?”, Bruegel publications, 8 Οκτωβρίου The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We aim to explain and to highlight what different options can and cannot achieve. We end by drawing some tentative conclusions on potentially adequate quid-pro-quo measures for different forms of …Read More

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Capitalisms and Capitalism in the Twenty-First Century

9 Οκτωβρίου, 2015

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Morgan, Glenn, Whitley, Richard (Ed.), (2012), “Capitalisms and Capitalism in the Twenty-First Century”, International Political Economy Series, Oxford University Press, 26 Απριλίου The early twenty-first century is witnessing both an increasing internationalization of many markets, firms, and regulatory institutions, and a reinforcement of the key role of nation states in managing economic development, financial crises, and market upheavals in many OECD and developing economies. Drawing on a variety of interdisciplinary perspectives from …Read More

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Making Progress In Economic And Monetary Union

9 Οκτωβρίου, 2015

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Carlo Padoan, Pier, (2015), “Making Progress In Economic And Monetary Union”, Social Europe Journal, 9 Οκτωβρίου The recovery that has been developing over the past several quarters in Europe is encouraging but modest. To obtain stronger and more sustained growth and job creation, decisive policy action is needed beyond the current policy mix and the positive contribution by the ECB policy stance. Action must be accelerated on several fronts: structural …Read More

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No coordination without representation

9 Οκτωβρίου, 2015

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Terzi, Alessio, (2015), “No coordination without representation”, Bruegel publications. 8 Οκτωβρίου Further democratic legitimacy is a pre-requisite to economic union. This article explores how economic policies in the euro area should be coordinated, but this cannot be done in a mechanical rules-based manner. Arguing the contrary suggests a cavalier understanding of the complexity of economic policymaking. Σχετικές Αναρτήσεις Maçães, Bruno, (2015), «The missing piece in the EMU puzzle: Economic policy …Read More

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