Financial Crises and the Politics of Macroeconomic Adjustments

Informationen zum Autor Stefanie Walter is Full Professor of International Relations and Political Economy in the Department of Political Science at the University of Zurich. She previously held positions as Fritz-Thyssen Fellow at Harvard University and as Junior Professor for International and Comparative Political Economy at the University of Heidelberg. Her research concentrates on the fields of international and comparative political economy, with a particular focus on how distributional conflicts, policy preferences, and institutions affect economic policy outcomes. Her work has been published in Economics and Politics, the European Journal of Political Research, International Organization, and International Studies. She received her PhD in Political Science from ETH Zurich. Klappentext This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. Zusammenfassung This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument. Inhaltsverzeichnis 1. Introduction; 2. The distribution of vulnerabilities: purchasing power, balance sheets, and exchange-rate policy preferences; 3. Voters' direct vulnerability to adjustment. European voters in the 2008/9 global economic and financial crisis; 4. Indirect vulnerability to adjustment. The determinants of employers' monetary and exchange rate policy preferences; 5. Interests, elections, and policy makers' incentives to adjust; 6. The politics of adjustment in the Asian financial crisis, 1997/8; 7. Adjustment in Eastern Europe during the first phase of the global financial and economic crisis, 2008-10; 8. Conclusions....

Product details

• Authors: Stefanie Walter, Stefanie (Chair for International Relation Walter, Stefanie (Chair for International Relations and Political Economy Walter, Walter Stefanie
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 21.05.2015
• EAN: 9781107529908
• ISBN: 978-1-107-52990-8
• No. of pages: 272
• Series: Political Economy of Institutions and Decisions; Political Economy of Instituti; Political Economy of Institutions and Decisions
• Subjects: Social sciences, law, business > Political science > Political science and political education; BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / International / General, POLITICAL SCIENCE / Political Economy, POLITICAL SCIENCE / Comparative Politics, International Economics, Political Economy, Comparative Politics, Economic and financial crises and disasters