Institutions in Crisis

Edited by David Howden

in Books from Edward Elgar Publishing

Abstract: This critical and thought-provoking book explores the causes and consequences of Europe’s failed political and economic institutions. Europe’s recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European integration – political and monetary unions. This book critically assesses the patchwork solutions continually offered to hold the troubled unions together. Failed political policies, from the prodigious ‘Common Agricultural Policy’ to ever more common fiscal stimulus packages, are shown to have bred less than stellar results in the past, and to have devastating implications for future European growth. The contributors outline the manner through which European monetary union has subsidized and continues to exacerbate the burgeoning debt crisis. Most strikingly, the interplay between Europe’s political and economic realms is exposed as the boondoggle it is, with increasingly bureaucratic institutions plaguing the continent and endangering future potential.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: B5 E12 (search for similar items in EconPapers)
Date: 2011
ISBN: 9780857932112
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (18)

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Chapters in this book:

Ch 1 Institutional Illusion and Financial Entrepreneurship in the European Debt Scheme

Gabriel A. Giménez-Roche

Ch 2 A Stock-taking of the Impact of the Crisis

Jörg Guido Hülsmann

Ch 3 The Irish Economic ‘Miracle’: Celtic Tiger or Bengal Kitten?

Anthony Evans

Ch 4 Europe’s Unemployment Crisis: Some Hidden Relief?

David Howden

Ch 5 Europe’s Crisis of Accounting

Maria Alvarado, Laura Muro and Kirk Lee Tennant

Ch 6 Solvency II and the European Sovereign Debt Crisis: The Case of Misplaced Prudence

Antonio Zanella

Ch 7 The Eurosystem: Costs and Tragedies

Philipp Bagus

Ch 8 Fiscal Stimulus, Financial Ruin

Fernando Ulrich

Ch 9 From German Rules to European Discretion: Policy’s Slippery Slope

Malte Tobias Kähler

Ch 10 The Euro as a Hindrance to Recovery? A Comparative Analysis of the Czech Republic and Slovakia

Jiří Schwarz and Josef Sima

Ch 11 Compounding Agricultural Poverty: How the EU’s Common Agricultural Policy is Strangling European Recovery

Brian Ó Caithnia

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Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:14370

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