Found 6 article(s) for author 'Debt Crisis'

Understanding the Political Economy of the Eurozone Crisis

Understanding the Political Economy of the Eurozone Crisis. Jeffry Frieden, 2017, Paper, “The Eurozone crisis constitutes a grave challenge to European integration. This article presents an overview of the causes of the crisis and analyzes why it has been so difficult to resolve. We focus on how responses to the crisis were shaped by distributive conflicts both among and within countries. On the international level, debtor and creditor countries have fought over the distribution of responsibility for the accumulated debt; countries with current account surpluses and deficits have fought over who should implement the policies necessary to reduce the current account imbalances. Within countries, interest groups have fought to shift the costs of crisis resolution away from themselves.Link

Tags: , , , , , , , , , ,

The Hypocrisy of European Moralism: Greece and the Politics of Cultural Aggression – Part 1

The Hypocrisy of European Moralism: Greece and the Politics of Cultural Aggression – Part 1. Michael Herzfeld, February 2016, Paper. “In the current debt crisis, Greeks often stand accused of irresponsible borrowing, corruption, and laziness. In this article, I argue that the patently unfair way in which these stereotypes have framed the ongoing tensions between Greece and the other European countries is deeply grounded in the dynamics of “crypto-colonialism.” German fascination with ancient Greece has combined with the needs of British, French, and, later, American strategic interests to produce a toxic brew of humiliation and contempt for the Greek people of today.Link

Tags: , , , , ,

PolicyCast: Carmen Reinhart on what has worked in past sovereign debt crises

PolicyCast: Carmen Reinhart on what has worked in past sovereign debt crises. Carmen Reinhart, September 23, 2015, Audio, “The Boston Globe presents the Harvard Kennedy School PolicyCast, a weekly podcast on public policy, politics, and global issues. HKS PolicyCast is hosted by Matt Cadwallader at Harvard Kennedy School.Link

Tags: , , , , ,

Larry Summers: Responding to Crisis

Larry Summers: Responding to Crisis. Lawrence Summers, December 12, 2014, Video. “Dec. 12 (Bloomberg) — On “Charlie Rose,” a conversation with Larry Summers, former director of the National Economic Council for President Obama, where he was integral in shaping the nation’s response to the financial crisis...” Link

Tags: , ,

A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002

A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946-2002, Rafael Di Tella, October 2014, Case. “The case describes Argentina’s struggle to establish a credible monetary system under populist pressures and the recurrent use of exchange rate stabilization plans. It focuses on two episodes where there was “too little money” in the economy: during the hyperinflation episodes during the late 1980’s-when money demand collapsed and the early 2000’s when the supply of money collapsed under a hard currency peg…” Link

Tags: , , , , , , , ,