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Beyond Mainstream Explanations of the Financial Crisis

Hossein-zadeh, Ismael, (2014), “Beyond Mainstream Explanations of the Financial Crisis”, International Political Economy Series, Routledge publications, 15 Απριλίου The study argues that while the prevailing views of deregulation and financialization as instrumental culprits in the explosion and implosion of the financial bubble are not false, they fail to point out that financialization is essentially an indication of an advanced stage of capitalist development. These standard explanations tend to ignore the …Read More

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

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

Weak States, Poor Countries

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

A Dynamic Model of Weak and Strong Ties in the Labor Market

Zenou, Yves, (2015), “A Dynamic Model of Weak and Strong Ties in the Labor Market”, Journal of Labor Economics, Issue 4, Volume 33, Οκτώβριος The study develops a simple model where workers can obtain a job through either their strong or weak ties. It shows that increasing the time spent with weak ties raises the employment rate of workers. It also shows that when the job-destruction rate or the job-information …Read More

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

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

International capital flows, sectoral resource allocation, and the financial resource curse

Benigno, Gianluca, Converse, Nathan, Fornaro, Luca, (2015), “International capital flows, sectoral resource allocation, and the financial resource curse”, Voxeu, 11 Οκτωβρίου In the aftermath of the Global Crisis, policymakers have adopted policies to limit, or at least manage, capital inflows. This column explores episodes of capital inflows coupled with weak productivity growth, in other words, the financial resource curse. The findings show that once access to foreign capital subsides, the initial boom gives way to a …Read More

Growing Government Debt Will Test Euro-Zone Solidarity

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

Dealing with Losers-The Political Economy of Policy Transitions

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

The Mirage Of Structural Reform

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

What options for European deposit insurance?

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