The politics of bad options : why the Eurozone's problems have been so hard to resolve / / Stefanie Walter, Ari Ray, Nils Redeker
| The politics of bad options : why the Eurozone's problems have been so hard to resolve / / Stefanie Walter, Ari Ray, Nils Redeker |
| Autore | Walter Stefanie |
| Edizione | [First edition.] |
| Pubbl/distr/stampa | New York, NY : , : Oxford University Press, , 2020 |
| Descrizione fisica | 1 online resource (320 pages) : illustrations (black and white) |
| Disciplina | 330.94 |
| Collana | Oxford scholarship online |
| Soggetto topico | Financial crises - Europe - 21st century |
| ISBN |
0-19-259910-0
0-19-189012-X 0-19-259909-7 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto | ; Machine generated contents note: ; 1. Introduction: Bad Options and Difficult Choices in the Eurozone Crisis -- Short Primer on the Eurozone Crisis -- Unequal Distribution of Crisis-Resolution Costs -- Bad Options, Difficult Choices -- Argument in Brief -- Plan of the Book -- Putting the Eurozone Crisis in Context: Country-Level Vulnerability Profiles -- Interest Group Vulnerability Profile and Crisis Resolution Preferences -- Crisis Politics -- Conclusion -- ; 2. Putting the Eurozone Crisis Experience in Perspective -- Argument: Vulnerability Profiles and Crisis Responses -- Weighing Bad Options: The Potential Costs of External and Internal Adjustment -- Relative Costs of Adjustment: Vulnerability Profiles and Policy Responses -- Research Design -- Sample Selection: Identifying Balance-of-Payment Crises -- Operationalization: Vulnerability Profiles -- How is the Euro Crisis Different? Putting the Eurozone Crisis in Context -- 1992 EMS Crisis and the Eurozone Crisis -- 1997 Asian Financial Crisis and the Eurozone Crisis -- Eastern European Responses to the 2008/9 Global Financial Crisis and the Eurozone Crisis -- Crisis Dynamics: Changing Vulnerabilities in the Eurozone Crisis -- Conclusion -- Appendix -- ; 3. Distributive Conflict and Interest Group Preferences in Deficit Countries -- Interest Groups and Deficit Country Policymaking -- Group-Specific Adjustment Preferences in Eurozone Deficit Countries -- Interest Group Vulnerability to External Adjustment -- Interest Group Vulnerability to Internal Adjustment -- Group-Specific Vulnerability Profiles and Preferred Crisis Resolution Strategies -- Research Design -- Case Selection -- Interest Group Survey: Sampling and Design -- Structure of the Analysis -- Policy-Specific Preferences on Eurozone Crisis Management -- Preferences about Overall Crisis Management Strategies -- External Adjustment Policies -- Internal Adjustment Policies -- Financing Policies -- Vulnerability Profiles and Preferred Eurozone Crisis Management Strategies -- Vulnerability Profiles of Deficit Country Interest Groups -- Vulnerability Profiles and Evaluations of Crisis Strategies -- Choosing Among Bad Options: Preferred Crisis Management Strategies in Trade-Off Situations -- Vulnerability Profiles and Preferred Adjustment Strategies -- Conclusion: From Adjustment Preferences to Adjustment Policies -- Appendix -- ; 4. Crisis Politics in Deficit Countries -- Ireland in Crisis -- Policies and Conflict Lines Surrounding External Adjustment in Ireland -- Policies and Conflict Lines Surrounding Internal Adjustment in Ireland -- Policies and Conflict Lines Surrounding Financing in Ireland -- Crisis Politics in Ireland: Conclusion -- Spain in Crisis -- Policies and Conflict Lines Surrounding External Adjustment in Spain -- Policies and Conflict Lines Surrounding Internal Adjustment in Spain -- Policies and Conflict Lines Surrounding Financing in Spain -- Crisis Politics in Spain: Conclusion -- Greece in Crisis -- Policies and Conflict Lines Surrounding External Adjustment in Greece -- Policies and Conflict Lines Surrounding Internal Adjustment in Greece -- Policies and Conflict Lines Surrounding Financing in Greece -- Crisis Politics in Greece: Conclusion -- Conclusion -- Appendix -- ; 5. Surplus Country Vulnerability to Rebalancing: A Comparative Analysis -- Introduction -- Surplus Country Preferences and National Interests in the Eurozone Crisis -- Vulnerability Profiles -- Concept and Argument -- Weighing Bad Options: Vulnerabilities to External and Internal Adjustment -- Research Design -- Sample Selection: Identifying Surplus Countries during Balance-of-Payments Crises -- Operationalization: Vulnerability Profiles -- Creating the Cost Indexes Using PCA -- Vulnerability Profiles of Surplus Countries in the Eurozone Crisis -- Vulnerability Profiles of Non-Eurozone Surplus Countries during the Eurozone Crisis -- Vulnerability Profiles of Surplus Countries in the 1992/3 EMS Crisis -- Conclusion -- ; 6. Distributive Conflict and Interest Group Preferences in Surplus Countries -- Domestic Trade-Offs, Vulnerability Profiles, and Adjustment in Surplus Countries -- Research Design: Studying Interest Group Preferences in Surplus Countries -- Policy-Specific Preferences on Eurozone Crisis Management -- External Adjustment Preferences -- Internal Adjustment Preferences -- Financing Preferences -- Material Interests and Policy Preferences -- Policy Salience -- Trade-Offs and Difficult Choices between External Adjustment, Internal Adjustment, and Financing -- Vulnerability Profiles and Preferred Crisis Responses -- Conclusion -- ; 7. Crisis Politics in Surplus Countries: Caught between Voter Pressure and Interest Group Stalemate -- Voter Preferences about How to Resolve the Eurozone Crisis -- External Adjustment: Surplus Country Voters and a Breakup of the Eurozone -- Internal Adjustment: Public Opinion on Domestic Rebalancing -- Financing: Public Opinion on Financial Transfers to Deficit States -- Diverging Preferences: Public Opinion and Interest Group Preferences in the Euro Crisis -- Voters, Interest Groups, and Eurozone Crisis Politics in Surplus Countries -- Eurozone Crisis Politics in Germany, Austria, and the Netherlands -- Not an Option: External Adjustment -- Vocal Politics of Financing in Surplus Countries -- Context Matters: The Politics of Internal Adjustment -- Germany -- Austria -- Netherlands -- Internal Adjustment in Eurozone Surplus Countries -- Conclusion -- Appendix -- ; 8. Conclusion -- Three New Perspectives on the Eurozone Crisis -- What's So Special? Analyzing the Eurozone Crisis in a Comparative Perspective -- Examining the Road not Traveled: Policy Alternatives and Trade-Offs -- Looking at Both Sides of the Coin: Crisis Politics in Both Deficit-Debtor and Surplus-Creditor Countries -- Politics of Bad Options in European Crisis Management -- Research Design -- Eurozone Crisis Bargaining between Deficit-Debtor and Surplus-Creditor States -- Policy Implications and Avenues for Future Research -- Appendix. |
| Record Nr. | UNINA-9910645954503321 |
Walter Stefanie
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| New York, NY : , : Oxford University Press, , 2020 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Regional economic outlook [[electronic resource] ] : Europe : securing recovery
| Regional economic outlook [[electronic resource] ] : Europe : securing recovery |
| Pubbl/distr/stampa | Washington, D.C., : International Monetary Fund, c2009 |
| Descrizione fisica | 1 online resource (79 p.) |
| Collana | World economic and financial surveys |
| Soggetto topico |
Financial crises - Europe - 21st century
Fiscal policy - Europe - 21st century |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4552-8115-8
1-4527-6547-2 1-283-53650-1 1-4519-9613-6 9786613848956 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Executive Summary; 1. Outlook: Beyond the Crisis; Fragile Recovery; Figures; 1. Euro Area: Contribution to Growth, 2006-09; 2. Selected European Countries and the United States: Unemployment, January 1999- August 2009; 3. Euro Area: Yield Curves and Equity Markets; 4. Selected European Countries: Growth of Real Credit to Private Sector, January 2006- May 2009; 5. Euro Area: Real Bank Credit and GDP Growth, 2000:Q1- 2009:Q2; 6. Selected European Countries: Headline and Core Inflation, January 2006-July 2009; 7. Selected European Countries: Key Short-Term Indicators; Tables
1. European Countries: Real GDP Growth and CP CPI Inflation, 2006-10 Strong Policy Response; 8. Selected European Countries: Bankruptcies, 2005-09; 9. Selected Countries: Employment Over the Business Cycle; Boxes; 1. Employment and Productivity Dynamics Around Recessions Recessions: Germany, Spain, : and the United Kingdom; 2. Asset Price Swings, Monetary Policy, and Prudential Policy: A European View; 10. Selected Countries: Central Banks' Total Assets, January 2007-August 2009; 11. Selected EU Countries: Debt Level and Cumulative Fiscal Deficit 2. European Countries: External and Fiscal Balances, 2006-10 Further Policy Action Required; 3. IMF Support for European Countri Countries Affected by the Global Crisis es; 3. Currency Mismatches i in Emerging Europe; 4. Managing Fiscal Risks Stemming from Public Interventions to Support Financial Systems; 2. The Crisis and Potential Output; Worrying About an Unobservable; Long-Term Effects; 12. Selected Countries: Average Gross Value-Added Growth, 1995-2005; 4. Gross Value-Added Growth and Contributions, 1980-95 and 1995-2005; Medium-Term Effects 5. Risks to Medium-Term Growth and Convergence in Emerging Europe 13. Euro Area: Potential (Medium-Term) Growth with Different Methodologies, 1993:Q2- 2009:Q1; Policy Implications; 5. Potential Output and Output Gaps in the Euro Area; 6. Effect of the Financial Crisis on Potential Growth in Western Europe; 3. Implications of the Fall in Potential Output for Macroeconomic Policies; Crisis Impact on Monetary Policy; 14. Euro Area: ""Real-Time"" and ""True"" Output Gaps, 1993:Q1-2007:Q2; 6. Macroeconomic Performance Under Output Gap Uncertainty 15. The Benefits of a Price Stability Commitment Under Output Gap Uncertainty 16. Selected European Countries: Policy Rates, 2007-09; Impact of the Crisis on Fiscal Policy; 17. Euro Area: Potential Output Scenarios, 1999-2014; 18. Selected European Countries: Pr Projected Chang objected Changes in Public Debt es; 7. Fiscal Adjustment Required in Response to Varied Various Crisis Scenarios; 19. Selected European Countries: Require Required Improvement of Primary Balance d; 4. Policies in Emerging Economies for Coping with Heightened Risk During Recovery; Facing a Riskier Environment 20. Selected European Countries: Bond Spreads-Level and Volatility, January 2006- June 2009 |
| Altri titoli varianti |
Regional economic outlook: Europe
Europe: securing recovery |
| Record Nr. | UNINA-9910456687403321 |
| Washington, D.C., : International Monetary Fund, c2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Regional Economic Outlook, October 2009, Europe : : Securing Recovery
| Regional Economic Outlook, October 2009, Europe : : Securing Recovery |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (79 p.) |
| Collana | Regional Economic Outlook |
| Soggetto topico |
Financial crises - Europe - 21st century
Fiscal policy - Europe - 21st century Exports and Imports Investments: General Macroeconomics Money and Monetary Policy Production and Operations Management Macroeconomics: Production Fiscal Policy Investment Capital Intangible Capital Capacity International Investment Long-term Capital Movements Monetary Systems Standards Regimes Government and the Monetary System Payment Systems Labour income economics Monetary economics Currency Foreign exchange Finance Potential output Output gap Return on investment Currencies Exchange rates Production National accounts Money Economic theory Fiscal policy Saving and investment |
| ISBN |
1-4552-8115-8
1-4527-6547-2 1-283-53650-1 1-4519-9613-6 9786613848956 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Executive Summary; 1. Outlook: Beyond the Crisis; Fragile Recovery; Figures; 1. Euro Area: Contribution to Growth, 2006-09; 2. Selected European Countries and the United States: Unemployment, January 1999- August 2009; 3. Euro Area: Yield Curves and Equity Markets; 4. Selected European Countries: Growth of Real Credit to Private Sector, January 2006- May 2009; 5. Euro Area: Real Bank Credit and GDP Growth, 2000:Q1- 2009:Q2; 6. Selected European Countries: Headline and Core Inflation, January 2006-July 2009; 7. Selected European Countries: Key Short-Term Indicators; Tables
1. European Countries: Real GDP Growth and CP CPI Inflation, 2006-10 Strong Policy Response; 8. Selected European Countries: Bankruptcies, 2005-09; 9. Selected Countries: Employment Over the Business Cycle; Boxes; 1. Employment and Productivity Dynamics Around Recessions Recessions: Germany, Spain, : and the United Kingdom; 2. Asset Price Swings, Monetary Policy, and Prudential Policy: A European View; 10. Selected Countries: Central Banks' Total Assets, January 2007-August 2009; 11. Selected EU Countries: Debt Level and Cumulative Fiscal Deficit 2. European Countries: External and Fiscal Balances, 2006-10 Further Policy Action Required; 3. IMF Support for European Countri Countries Affected by the Global Crisis es; 3. Currency Mismatches i in Emerging Europe; 4. Managing Fiscal Risks Stemming from Public Interventions to Support Financial Systems; 2. The Crisis and Potential Output; Worrying About an Unobservable; Long-Term Effects; 12. Selected Countries: Average Gross Value-Added Growth, 1995-2005; 4. Gross Value-Added Growth and Contributions, 1980-95 and 1995-2005; Medium-Term Effects 5. Risks to Medium-Term Growth and Convergence in Emerging Europe 13. Euro Area: Potential (Medium-Term) Growth with Different Methodologies, 1993:Q2- 2009:Q1; Policy Implications; 5. Potential Output and Output Gaps in the Euro Area; 6. Effect of the Financial Crisis on Potential Growth in Western Europe; 3. Implications of the Fall in Potential Output for Macroeconomic Policies; Crisis Impact on Monetary Policy; 14. Euro Area: ""Real-Time"" and ""True"" Output Gaps, 1993:Q1-2007:Q2; 6. Macroeconomic Performance Under Output Gap Uncertainty 15. The Benefits of a Price Stability Commitment Under Output Gap Uncertainty 16. Selected European Countries: Policy Rates, 2007-09; Impact of the Crisis on Fiscal Policy; 17. Euro Area: Potential Output Scenarios, 1999-2014; 18. Selected European Countries: Pr Projected Chang objected Changes in Public Debt es; 7. Fiscal Adjustment Required in Response to Varied Various Crisis Scenarios; 19. Selected European Countries: Require Required Improvement of Primary Balance d; 4. Policies in Emerging Economies for Coping with Heightened Risk During Recovery; Facing a Riskier Environment 20. Selected European Countries: Bond Spreads-Level and Volatility, January 2006- June 2009 |
| Altri titoli varianti |
Regional economic outlook: Europe
Europe: securing recovery |
| Record Nr. | UNINA-9910780946803321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Regional Economic Outlook, October 2009, Europe : : Securing Recovery
| Regional Economic Outlook, October 2009, Europe : : Securing Recovery |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (79 p.) |
| Disciplina | 332.1;332.1/532;332.1532 |
| Collana | Regional Economic Outlook |
| Soggetto topico |
Financial crises - Europe - 21st century
Fiscal policy - Europe - 21st century Capacity Capital Currencies Currency Economic theory Exchange rates Exports and Imports Finance Fiscal Policy Fiscal policy Foreign exchange Government and the Monetary System Income economics Intangible Capital International Investment Investment Investments: General Labour Long-term Capital Movements Macroeconomics Macroeconomics: Production Monetary economics Monetary Systems Money and Monetary Policy Money National accounts Output gap Payment Systems Potential output Production and Operations Management Production Regimes Return on investment Saving and investment Standards |
| ISBN |
9786613848956
9781455281152 1455281158 9781452765471 1452765472 9781283536509 1283536501 9781451996135 1451996136 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Cover; Contents; Executive Summary; 1. Outlook: Beyond the Crisis; Fragile Recovery; Figures; 1. Euro Area: Contribution to Growth, 2006-09; 2. Selected European Countries and the United States: Unemployment, January 1999- August 2009; 3. Euro Area: Yield Curves and Equity Markets; 4. Selected European Countries: Growth of Real Credit to Private Sector, January 2006- May 2009; 5. Euro Area: Real Bank Credit and GDP Growth, 2000:Q1- 2009:Q2; 6. Selected European Countries: Headline and Core Inflation, January 2006-July 2009; 7. Selected European Countries: Key Short-Term Indicators; Tables
1. European Countries: Real GDP Growth and CP CPI Inflation, 2006-10 Strong Policy Response; 8. Selected European Countries: Bankruptcies, 2005-09; 9. Selected Countries: Employment Over the Business Cycle; Boxes; 1. Employment and Productivity Dynamics Around Recessions Recessions: Germany, Spain, : and the United Kingdom; 2. Asset Price Swings, Monetary Policy, and Prudential Policy: A European View; 10. Selected Countries: Central Banks' Total Assets, January 2007-August 2009; 11. Selected EU Countries: Debt Level and Cumulative Fiscal Deficit 2. European Countries: External and Fiscal Balances, 2006-10 Further Policy Action Required; 3. IMF Support for European Countri Countries Affected by the Global Crisis es; 3. Currency Mismatches i in Emerging Europe; 4. Managing Fiscal Risks Stemming from Public Interventions to Support Financial Systems; 2. The Crisis and Potential Output; Worrying About an Unobservable; Long-Term Effects; 12. Selected Countries: Average Gross Value-Added Growth, 1995-2005; 4. Gross Value-Added Growth and Contributions, 1980-95 and 1995-2005; Medium-Term Effects 5. Risks to Medium-Term Growth and Convergence in Emerging Europe 13. Euro Area: Potential (Medium-Term) Growth with Different Methodologies, 1993:Q2- 2009:Q1; Policy Implications; 5. Potential Output and Output Gaps in the Euro Area; 6. Effect of the Financial Crisis on Potential Growth in Western Europe; 3. Implications of the Fall in Potential Output for Macroeconomic Policies; Crisis Impact on Monetary Policy; 14. Euro Area: ""Real-Time"" and ""True"" Output Gaps, 1993:Q1-2007:Q2; 6. Macroeconomic Performance Under Output Gap Uncertainty 15. The Benefits of a Price Stability Commitment Under Output Gap Uncertainty 16. Selected European Countries: Policy Rates, 2007-09; Impact of the Crisis on Fiscal Policy; 17. Euro Area: Potential Output Scenarios, 1999-2014; 18. Selected European Countries: Pr Projected Chang objected Changes in Public Debt es; 7. Fiscal Adjustment Required in Response to Varied Various Crisis Scenarios; 19. Selected European Countries: Require Required Improvement of Primary Balance d; 4. Policies in Emerging Economies for Coping with Heightened Risk During Recovery; Facing a Riskier Environment 20. Selected European Countries: Bond Spreads-Level and Volatility, January 2006- June 2009 |
| Altri titoli varianti |
Regional economic outlook: Europe
Europe: securing recovery |
| Record Nr. | UNINA-9910968999303321 |
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Lo trovi qui: Univ. Federico II | ||
| ||