Suchergebnisse

Cover -- Contents -- List of Figures, Tables and Boxes -- Abbreviations -- Acknowledgements -- Introduction -- 1 History of Economic and Monetary Union -- From the Snake to the EMS -- Launching Monetary Union, 1999-2008 -- Crisis and Aftermath: Reconstructing EMU, 2008-present -- Conclusion -- 2 Monetary Integration -- Evolution EMU 1.0 -- Institutions -- Conclusion -- 3 The European Central Bank -- Institutional Configuration and Legal Mandates -- The ECB's Record -- Conclusion -- 4 Financial Integration and Banking Union -- Evolution -- Institutions -- External Dimension -- Conclusion -- 5 Fiscal Policy Coordination -- Evolution -- Instruments -- Conclusion -- 6 Economic Policy Coordination -- Evolution -- Institutions and Instruments -- Conclusion -- 7 The Euro Outs: A View from the Outside -- Becoming a Euro Insider -- Evolution -- The Euro Outsiders with Opt-outs -- Pre-euro Accession Countries -- Remaining in as an Out -- Conclusion -- 8 EMU and the World -- The Euro as an International Currency -- China and the Euro -- External Representation -- Conclusion -- Conclusion -- Bibliography -- Index.

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- List of figures -- List of tables -- List of boxes -- Notes on contributors -- Preface by Paul De Grauwe -- Note -- References -- Acknowledgments -- List of abbreviations -- 1 After the bailout: 10 years of the euro area crisis -- Introduction -- Analytical framework -- Summary of chapters -- References -- Part I The European dimension of the crisis -- 2 The euro crisis: its unresolved roots and their reform implications -- Introduction -- Cracks in the euro foundation -- Efforts to cement the cracks -- Bailout mechanism -- Roles of the ECB -- Debt restructuring by sovereigns and banks -- Financial stability -- Fiscal policy and governance reforms -- Further steps to shore up the euro foundation -- Crisis resolution -- Crisis prevention/surveillance -- Conclusions -- Acknowledgments -- Note -- References -- 3 When numbers don't add up: bureaucratic culture and conflicts in EU-IMF programs -- Introduction -- Bureaucratic cultures -- Troika approaches to credit lending -- The European Commission as Europeanist -- The ECB as Monetary Guardian -- The IMF as Accountant -- Country studies -- Greece -- Ireland -- Portugal -- Cyprus -- Conclusion -- Acknowledgments -- References -- Part II Country studies -- 4 Greece after the bailouts: assessment of a qualified failure -- Introduction -- The tyranny of antecedent circumstances: from boom to crash -- From crash to bailout: the first and second financial assistance programs -- The 3rd financial assistance program and the political economy of bailouts -- A forced adjustment under the bailouts: the vicious cycle of contraction -- The mostly negative legacies of massive austerity and positiver eforms -- Toward a new growth model? -- Notes -- References -- 5 Ireland: back to a different normal -- Introduction.

After the bailout : 10 years of the Euro area crisis / Michele Chang, Federico Steinberg and Francisco Torres -- Part I: The European dimension of the crisis -- The Euro crisis : its unresolved roots and their reform implications / G. Russell Kincaid -- When numbers don't add up : bureaucratic culture and conflicts in EU-IMF programs / Susanne Lütz, Sven Hilgers and Sebastian Schneider -- Part II: Country studies -- Greece after the bailouts : assessment of a qualified failure / George Pagoulatos -- Ireland : back to a different normal / Kevin Cardiff -- Portugal's adjustment program : the run-up to the sovereign debt crisis, program design, implementation and legacy / Francisco Torres and Miguel Lebre de Freitas -- Using a sectoral bailout to make wide reforms : the case of Spain / Sebastián Royo and Federico Steinberg -- Italy : missed adjustments and political nemesis / Silvia Merler -- Part III: National growth models and the political economy of adjustment -- Unity and diversity? : varieties of capitalism and after the Euro crisis / Benedicta Marzinotto -- Conclusion : the political economy of adjustment / Michele Chang, Federico Steinberg and Francisco Torres.

"This volume focuses on the aftermath of the euro crisis and whether the reforms have brought about lasting changes to the economic and political structures of the crisis countries or if the changes were short-term and easily abandoned post-bailout and post-recovery. Starting with an analysis of the state of euro area governance at the onset of the crisis and the ensuing reforms, the book considers structural conditions as well as those specific to the domestic political economy of most of the countries affected by the crisis, including Greece, Ireland, Portugal, Spain, and Italy. It presents up-to-date and incisive analysis of the aftermath of the crisis and suggests how we can situate it within our understanding of different national growth models in Europe. This book will be of key interest to scholars, students and practitioners interested in the Euro Crisis, Economic and Monetary Union, European Union and European politics and more broadly to Comparative Politics, Political Economy, International Relations, Economics, Finance, Business and Industry"--