Germany and the European and Global Crises

Sergio Cesaratto () and Antonella Stirati ()

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: Moving from the current global and European imbalances and crises, and from the consideration of the German reaction to them, the paper explores the political economy origins of the conservative German policy stance. It emerges that an export-oriented economy was a deliberate decision of the German elite after WW II and that the external constraint may be regarded as appropriately designed for internal discipline and efficiency (and vice-versa) in a self-reinforcing process. The conclusions illustrate some possible future scenarios for Europe.

Keywords: European Monetary Union; financial crisis; Germany; neo-mercantilism (search for similar items in EconPapers)
Date: 2011-01
New Economics Papers: this item is included in nep-eec
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Citations: View citations in EconPapers (22)

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Related works:
Journal Article: Germany and the European and Global Crises (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:607

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