2008 Avro Krizine Post-Keynesyen Bir Bakış

Ferda DÖNMEZ Atbaşi

Sosyoekonomi Journal, 2014, issue 22(22)

Abstract: This article evaluates the dynamics behind the contagion of 2007 US Subprime crisis to the European Monetary Union from a Post-Keynesian view. In doing that, it focuses on the peculiarities of the union regarding its structural difference from the USA, the fragility of the European financial architecture and the trade pattern. Rather than traditional orthodox arguments of inefficient governance, public extravagance or rigidities in the labor market, it elaborates on the dual character and hegemonic production relations of core and periphery within the union. Emergence of financial privatized Keynesianism, neomercantilism and internal devaluation are its basic focal points.

Keywords: Euro Crisis; Financialization; Neomercantilism; Privatized Keynesianism; Internal Devaluation. (search for similar items in EconPapers)
JEL-codes: E12 F16 G01 G18 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:140219

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