Fiscal consolidation in the Euro crisis : politico-economic and institutional causes / Kai Guthmann.
2021
HJ1000
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Title
Fiscal consolidation in the Euro crisis : politico-economic and institutional causes / Kai Guthmann.
Author
Guthmann, Kai.
ISBN
9783030577681 (electronic bk.)
3030577686 (electronic bk.)
3030577678
9783030577674
3030577686 (electronic bk.)
3030577678
9783030577674
Publication Details
Cham, Switzerland : Springer, 2021.
Language
English
Description
1 online resource
Item Number
10.1007/978-3-030-57768-1 doi
10.1007/978-3-030-57
10.1007/978-3-030-57
Call Number
HJ1000
Dewey Decimal Classification
336.4
Summary
This book sheds new light on if and why, between 2009 and 2015, European governments succeeded or failed in initiating and actually realizing some of the farthest-reaching austerity plans in modern history. The author analyzes the economic and political context and the underlying causes of austerity and economic adjustment packages during the Euro crisis. In doing so, he shows that austerity has its roots in an institutional mismatch between capitalist diversity in the Eurozone on the one hand, and an ill-conceived common economic regime on the other. In this context, austerity trumped politics, and even democracy itself. The book will appeal to scholars of political science and comparative political economy, as well as governmental policymakers and practitioners in the finance sector.
Bibliography, etc. Note
Includes bibliographical references.
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Print version: 9783030577674
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Table of Contents
Introduction
Fiscal Adjustment in Europe
Theoretical Framework: Austerity's Institutional Origins
Empirical Analysis: Intra-EMU Heterogeneity & Austerity
Adjustment by Force: The Realization of Austerity
Conclusion.
Fiscal Adjustment in Europe
Theoretical Framework: Austerity's Institutional Origins
Empirical Analysis: Intra-EMU Heterogeneity & Austerity
Adjustment by Force: The Realization of Austerity
Conclusion.