6533b852fe1ef96bd12ab613

RESEARCH PRODUCT

The Financial Crisis: An Introduction

Jarle TrondalJarle TrondalAkasemi NewsomeMarianne RiddervoldMarianne Riddervold

subject

AusterityBrexitReset (finance)Economic policyPost crisisUnintended consequencesPolitical scienceFinancial crisisSocial roleEuropean debt crisis

description

This section discusses the origins of the Eurozone crisis in European Monetary Union before discussing various dimensions of how the Eurozone coped, its impact on integration, and the crisis’ implications for the future of the EU. While the authors all show that the EU’s response to the financial crisis reflected the scenario ‘muddling through,’ they have different perspectives on the future of integration post crisis. Rosen and Olsen point out that the austerity policies implemented after crisis resulted in collective protest movements across Europe. Tranoy and Stenstad highlight the failure of financial sector reforms to reset the social role of finance in a more equitable way. Caporaso analyses the unintended consequences of differentiated integration during crisis by exploring the impact of the Eurozone crisis on Brexit and the migration crisis.

yearjournalcountryeditionlanguage
2020-12-22
https://doi.org/10.1007/978-3-030-51791-5_20