LEADER 08533oam 2200529 450 001 9910645954503321 005 20210417085322.0 010 $a0-19-259910-0 010 $a0-19-189012-X 010 $a0-19-259909-7 035 $a(CKB)4100000011560004 035 $a(MiAaPQ)EBC6384914 035 $a(StDuBDS)EDZ0002367432 035 $a(PPN)254357342 035 $a(EXLCZ)994100000011560004 100 $a20210417d2020 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $2rdacontent 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe politics of bad options $ewhy the Eurozone's problems have been so hard to resolve /$fStefanie Walter, Ari Ray, Nils Redeker 205 $aFirst edition. 210 1$aNew York, NY :$cOxford University Press,$d2020. 215 $a1 online resource (320 pages) $cillustrations (black and white) 225 1 $aOxford scholarship online 300 $aThis edition also issued in print: 2020. 311 $a0-19-885701-2 320 $aIncludes bibliographical references and index. 327 $gMachine generated contents note:$g1.$tIntroduction: Bad Options and Difficult Choices in the Eurozone Crisis --$tShort Primer on the Eurozone Crisis --$tUnequal Distribution of Crisis-Resolution Costs --$tBad Options, Difficult Choices --$tArgument in Brief --$tPlan of the Book --$tPutting the Eurozone Crisis in Context: Country-Level Vulnerability Profiles --$tInterest Group Vulnerability Profile and Crisis Resolution Preferences --$tCrisis Politics --$tConclusion --$g2.$tPutting the Eurozone Crisis Experience in Perspective --$tArgument: Vulnerability Profiles and Crisis Responses --$tWeighing Bad Options: The Potential Costs of External and Internal Adjustment --$tRelative Costs of Adjustment: Vulnerability Profiles and Policy Responses --$tResearch Design --$tSample Selection: Identifying Balance-of-Payment Crises --$tOperationalization: Vulnerability Profiles --$tHow is the Euro Crisis Different? Putting the Eurozone Crisis in Context --$t1992 EMS Crisis and the Eurozone Crisis --$t1997 Asian Financial Crisis and the Eurozone Crisis --$tEastern European Responses to the 2008/9 Global Financial Crisis and the Eurozone Crisis --$tCrisis Dynamics: Changing Vulnerabilities in the Eurozone Crisis --$tConclusion --$tAppendix --$g3.$tDistributive Conflict and Interest Group Preferences in Deficit Countries --$tInterest Groups and Deficit Country Policymaking --$tGroup-Specific Adjustment Preferences in Eurozone Deficit Countries --$tInterest Group Vulnerability to External Adjustment --$tInterest Group Vulnerability to Internal Adjustment --$tGroup-Specific Vulnerability Profiles and Preferred Crisis Resolution Strategies --$tResearch Design --$tCase Selection --$tInterest Group Survey: Sampling and Design --$tStructure of the Analysis --$tPolicy-Specific Preferences on Eurozone Crisis Management --$tPreferences about Overall Crisis Management Strategies --$tExternal Adjustment Policies --$tInternal Adjustment Policies --$tFinancing Policies --$tVulnerability Profiles and Preferred Eurozone Crisis Management Strategies --$tVulnerability Profiles of Deficit Country Interest Groups --$tVulnerability Profiles and Evaluations of Crisis Strategies --$tChoosing Among Bad Options: Preferred Crisis Management Strategies in Trade-Off Situations --$tVulnerability Profiles and Preferred Adjustment Strategies --$tConclusion: From Adjustment Preferences to Adjustment Policies --$tAppendix --$g4.$tCrisis Politics in Deficit Countries --$tIreland in Crisis --$tPolicies and Conflict Lines Surrounding External Adjustment in Ireland --$tPolicies and Conflict Lines Surrounding Internal Adjustment in Ireland --$tPolicies and Conflict Lines Surrounding Financing in Ireland --$tCrisis Politics in Ireland: Conclusion --$tSpain in Crisis --$tPolicies and Conflict Lines Surrounding External Adjustment in Spain --$tPolicies and Conflict Lines Surrounding Internal Adjustment in Spain --$tPolicies and Conflict Lines Surrounding Financing in Spain --$tCrisis Politics in Spain: Conclusion --$tGreece in Crisis --$tPolicies and Conflict Lines Surrounding External Adjustment in Greece --$tPolicies and Conflict Lines Surrounding Internal Adjustment in Greece --$tPolicies and Conflict Lines Surrounding Financing in Greece --$tCrisis Politics in Greece: Conclusion --$tConclusion --$tAppendix --$g5.$tSurplus Country Vulnerability to Rebalancing: A Comparative Analysis --$tIntroduction --$tSurplus Country Preferences and National Interests in the Eurozone Crisis --$tVulnerability Profiles -- Concept and Argument --$tWeighing Bad Options: Vulnerabilities to External and Internal Adjustment --$tResearch Design --$tSample Selection: Identifying Surplus Countries during Balance-of-Payments Crises --$tOperationalization: Vulnerability Profiles --$tCreating the Cost Indexes Using PCA --$tVulnerability Profiles of Surplus Countries in the Eurozone Crisis --$tVulnerability Profiles of Non-Eurozone Surplus Countries during the Eurozone Crisis --$tVulnerability Profiles of Surplus Countries in the 1992/3 EMS Crisis --$tConclusion --$g6.$tDistributive Conflict and Interest Group Preferences in Surplus Countries --$tDomestic Trade-Offs, Vulnerability Profiles, and Adjustment in Surplus Countries --$tResearch Design: Studying Interest Group Preferences in Surplus Countries --$tPolicy-Specific Preferences on Eurozone Crisis Management --$tExternal Adjustment Preferences --$tInternal Adjustment Preferences --$tFinancing Preferences --$tMaterial Interests and Policy Preferences --$tPolicy Salience --$tTrade-Offs and Difficult Choices between External Adjustment, Internal Adjustment, and Financing --$tVulnerability Profiles and Preferred Crisis Responses --$tConclusion --$g7.$tCrisis Politics in Surplus Countries: Caught between Voter Pressure and Interest Group Stalemate --$tVoter Preferences about How to Resolve the Eurozone Crisis --$tExternal Adjustment: Surplus Country Voters and a Breakup of the Eurozone --$tInternal Adjustment: Public Opinion on Domestic Rebalancing --$tFinancing: Public Opinion on Financial Transfers to Deficit States --$tDiverging Preferences: Public Opinion and Interest Group Preferences in the Euro Crisis --$tVoters, Interest Groups, and Eurozone Crisis Politics in Surplus Countries --$tEurozone Crisis Politics in Germany, Austria, and the Netherlands --$tNot an Option: External Adjustment --$tVocal Politics of Financing in Surplus Countries --$tContext Matters: The Politics of Internal Adjustment --$tGermany --$tAustria --$tNetherlands --$tInternal Adjustment in Eurozone Surplus Countries --$tConclusion --$tAppendix --$g8.$tConclusion --$tThree New Perspectives on the Eurozone Crisis --$tWhat's So Special? Analyzing the Eurozone Crisis in a Comparative Perspective --$tExamining the Road not Traveled: Policy Alternatives and Trade-Offs --$tLooking at Both Sides of the Coin: Crisis Politics in Both Deficit-Debtor and Surplus-Creditor Countries --$tPolitics of Bad Options in European Crisis Management --$tResearch Design --$tEurozone Crisis Bargaining between Deficit-Debtor and Surplus-Creditor States --$tPolicy Implications and Avenues for Future Research --$tAppendix. 330 8 $aWhy was the Eurozone crisis so difficult to resolve? Why was it resolved in a manner in which some countries bore a much larger share of the pain than other countries? Why did no country leave the Eurozone rather than implement unprecedented austerity? Who supported and opposed the different policy options in the crisis domestically, and how did the distributive struggles among these groups shape crisis politics? Building on macro-level statistical data, original survey data from interest groups, and qualitative comparative case studies, this book argues and shows that the answers to these questions revolve around distributive struggles about how the costs of the Eurozone crisis should be divided among countries, and within countries, among different socioeconomic groups. 410 0$aOxford scholarship online. 606 $aFinancial crises$zEurope$y21st century 607 $aEurope$2fast 615 0$aFinancial crises 676 $a330.94 700 $aWalter$b Stefanie$01034408 702 $aRay$b Ari 702 $aRedeker$b Nils 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910645954503321 996 $aThe politics of bad options$93007337 997 $aUNINA