Intro -- Acknowledgements -- Contents -- Abbreviations -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 Research Questions, Object of Study, and Relevance -- 1.2 Theoretical Framework and Argument in Brief -- 1.2.1 Capitalist Diversity in the EMU -- 1.2.2 EMU's Economic Regime -- 1.2.3 Institutional Roots of the Euro Crisis -- 1.2.4 Constrained Policy Options -- 1.2.5 Enforcement -- 1.2.6 EMU Versus Democracy -- 1.3 Structure -- 2 Fiscal Adjustment in Europe -- 2.1 The Concept of Austerity in the Context of the Euro Crisis -- 2.2 Operationalization of Austerity -- 2.3 Data and Measurement -- 2.4 Sample and Observation Period -- 2.5 Occurrence, Implementation, and Realization of Fiscal Consolidation -- 2.5.1 Planned (2-Year) Fiscal Policy Stances -- 2.5.2 Occurrence and Size of Austerity Plans -- 2.5.3 Plan Realization in the Euro Crisis -- 2.6 Chapter Conclusion -- 3 Theoretical Framework: Austerity's Institutional Origins -- 3.1 Economic and Politico-economic Roots of the Argument -- 3.2 The Politico-economic Trilemma of EMU -- 3.3 Intra-EMU Diversity as an Imbalance of Capitalisms -- 3.4 An EMU Economic Regime Common to All -- 3.5 The Euro Crisis: Institutional Misfit and Its Consequences -- 3.6 Trilemma at the Country-Level: Who Has to Consolidate? -- 3.6.1 Export-Led Growth Models with NIIP Surpluses -- 3.6.2 Demand-Led Growth Models with NIIP Deficits -- 3.7 Hypotheses -- 4 Empirical Analyses: Intra-EMU Heterogeneity and Austerity -- 4.1 Determinants of Macroeconomic Imbalances -- 4.2 Determinants of Austerity in the Euro Crisis-Descriptive Analysis -- 4.2.1 Determinants of Planned Fiscal Stances -- 4.2.2 Determinants of the Initiation and Size of Austerity Plans -- 4.3 Determinants of Austerity in the Euro Crisis-Regression Analysis -- 4.3.1 Main Explanatory Variable(s) and Multicollinearity.
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