The proportionality of state intervention: EU responses to the global economic crisis, 2008-2020
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| Format: | Book |
| Language: | English |
| Published: |
Cham
Palgrave Macmillan
[2021]
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xvii, 436 Seiten Illustrationen |
| ISBN: | 9783030756758 |
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Record in the Search Index
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| adam_text | Contents 1 Introduction to the Research i Background Origins of the European Union Study Purpose and Objectives Research Overview Methodology Overview of State Structures Overview of EU Institutions and Key Actors Structure ofResearch Report і Bibliography 2 Research Methods Introduction Research Design, Research Philosophy and Research Strategy Research Design Research Philosophy Research Strategy Research Methodology Data Gathering Data Analysis Reliability and Validity Ethics Limitations і 8 11 11 13 18 21 22 22 25 25 26 26 28 30 32 32 35 36 37 Ъ7 їх
X 3 CONTENTS Summary Bibliography 38 38 State Intervention and Principle of Proportionality 41 41 41 44 45 Theories ofEuropean Integration Neofunctionalism _ Intergovernmentalist Theory State Intervention by EU Postfunctionalism Theories Underlying Rise of Neoliberalism Public Choice Theory Rational Choice Theory The Concept and Definition ofProportionality, Theoretical Roots and Practical Applications Justice Theory The Nature ofState Intervention in the Post-crisis Developed World Financial Reforms Financial Stabilisation Enhancing Economic Governance Generating Economic Growth The Economic Recovery Plan (ERR) Outline of the Impact of State Intervention After 2008 Economic Impact Social Impact Bibliography 4 Literature Review: Global Economics Before and After the 2007 Economic Crisis Events Leading to the 2007 Global Recession Origins of the Factors and Initial Symptoms Historical Influences Securitisation Mortgage-Backed Securities Advantages ofSPVs Financial Markets Immediately Prior to. the 2007 Crisis Changing Regulation Liquidity 52 53 53 54 55 62 63 64 65 67 68 71 74 74 75 76 83 83 83 84 86 87 88 89 91 96
CONTENTS 5 ХІ Consequences of the Crisis Outline of the Financial Effects Economic Effects Financial Sector Competition Crisis Severity Overview The Crisis in Europe Securitisation Trends in EU Initial European Reaction The EU Crisis Timeline The Crisis in Different European Countries Northern Europe Portugal, Ireland, Italy, Greece and Spain (PUGS) Eastern Europe Bibliography 97 98 101 105 106 106 107 113 116 118 121 121 126 130 133 Interventions by Governments Optionsfor Government Intervention intervention in Markets Market Failure Instruments Employed for Government Intervention Fiscal Policy Intervention Monetary Policies Intervention Intervention in Banks . E U Government Intervention EU Subsidiarity and Proportionality EU Government Intervention in the Market Monetary and Fiscal Policies Setting Monetary Policy Fiscal Policy Intervention Intervention in Banks Intervention by Means of Taxation, Subsidies and Regulation Intervention in Labour Markets Bibliography 141 141 141 143 144 146 148 152 153 153 157 157 158 160 161 162 165 166
ХІІ 6 CONTENTS Overview of EU Responses to the Global Economic Crisis Introduction Overview ofEU Response to the 2007-2008 Crisis Financial Reform Financial Stabilisation Enhancing Economic Governance Funding the Measures * Generating Economic Growth The Major Eurozone Crises 2015 to 2018: Case Studies Greece, Italy and UK Greece Greece in the Eurozone 2007-2014 Greek Crisis 2015 Greece 2018-2019 Italy The Threat to the EU and the Eurozone from Italy The UK: Brexit Bibliography 7 8 EU Initiatives 171 171 171 172 179 184 188 192 193 194 194 196 200 201 201 203 206 213 213 213 217 217 218 219 220 222 The Economic Recovery Plan Plan Details EU2020 Growth Strategy The EU Compactfor Growth and Jobs and Youth Initiatives Monitoring the ERP and 2020 Strategy Review of2020 Targets External Assessment ofERP The EU Single Market The EU Single Market: Driversfor Growth Investment for Growth Investmentfor Growth in Greece Bibliography 223 224 224 Effects of Government Intervention 227 Overview ofthe Effects ofState Intervention on Employment and Growth Unemployment and Economic Growth Trends Portugal an Exemplar for Success ofAusterity Strategy The Beveridge Curve as an Employment Indicator Impact of Uncertainty on Unemployment 222 227 227 229 230 231
CONTENTS 9 xiii Intervention Austerity Measures, Problems and Effects Economic Cycles, Policies and Effect on Economic Growth State Intervention and the Consequent Problems Portugal Spain Italy Germany Greece France Conclusions Principk ofProportionality Spillover Effects of EU Policies Bibliography 232 232 234 EU in 2020 265 265 Introduction Case Study 1: United Kingdom Background UK Relationship with EUfrom 2008 Primary Research on UK Case Study United Kingdom Survey Analysis and Discussion Hypothesis Testing Case Study 2: Germany Background German Economic Trends and Relations with the EUfrom 2008 Germany and EU Primary Research on German Case Study German Survey Analysis and Discussion Hypothesis Testing Case Study 3: Italy Introduction Background The Economic Miracle Italy Economic Trends Since 2008 Financial Crisis Major EU Policy Intervention in Italy Since 2009 A Third Italian Recession: Impact on Europe Primary Research on Italy Case Study Italy Survey Analysis and Discussion Hypothesis Testing 235 237 241 243 245 246 248 253 256 259 266 266 267 273 274 274 277 277 278 283 288 288 288 292 292 292 293 295 300 302 303 303 304
xiv CONTENTS Case Study Limitations and Outcome Epilogue Bibliography 308 308 313 Case Study Appendices 321 Index 419
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| adam_txt |
Contents 1 Introduction to the Research i Background Origins of the European Union Study Purpose and Objectives Research Overview Methodology Overview of State Structures Overview of EU Institutions and Key Actors Structure ofResearch Report і Bibliography 2 Research Methods Introduction Research Design, Research Philosophy and Research Strategy Research Design Research Philosophy Research Strategy Research Methodology Data Gathering Data Analysis Reliability and Validity Ethics Limitations і 8 11 11 13 18 21 22 22 25 25 26 26 28 30 32 32 35 36 37 Ъ7 їх
X 3 CONTENTS Summary Bibliography 38 38 State Intervention and Principle of Proportionality 41 41 41 44 45 Theories ofEuropean Integration Neofunctionalism _ Intergovernmentalist Theory State Intervention by EU Postfunctionalism Theories Underlying Rise of Neoliberalism Public Choice Theory Rational Choice Theory The Concept and Definition ofProportionality, Theoretical Roots and Practical Applications Justice Theory The Nature ofState Intervention in the Post-crisis Developed World Financial Reforms Financial Stabilisation Enhancing Economic Governance Generating Economic Growth The Economic Recovery Plan (ERR) Outline of the Impact of State Intervention After 2008 Economic Impact Social Impact Bibliography 4 Literature Review: Global Economics Before and After the 2007 Economic Crisis Events Leading to the 2007 Global Recession Origins of the Factors and Initial Symptoms Historical Influences Securitisation Mortgage-Backed Securities Advantages ofSPVs Financial Markets Immediately Prior to. the 2007 Crisis Changing Regulation Liquidity 52 53 53 54 55 62 63 64 65 67 68 71 74 74 75 76 83 83 83 84 86 87 88 89 91 96
CONTENTS 5 ХІ Consequences of the Crisis Outline of the Financial Effects Economic Effects Financial Sector Competition Crisis Severity Overview The Crisis in Europe Securitisation Trends in EU Initial European Reaction The EU Crisis Timeline The Crisis in Different European Countries Northern Europe Portugal, Ireland, Italy, Greece and Spain (PUGS) Eastern Europe Bibliography 97 98 101 105 106 106 107 113 116 118 121 121 126 130 133 Interventions by Governments Optionsfor Government Intervention intervention in Markets Market Failure Instruments Employed for Government Intervention Fiscal Policy Intervention Monetary Policies Intervention Intervention in Banks . E U Government Intervention EU Subsidiarity and Proportionality EU Government Intervention in the Market Monetary and Fiscal Policies Setting Monetary Policy Fiscal Policy Intervention Intervention in Banks Intervention by Means of Taxation, Subsidies and Regulation Intervention in Labour Markets Bibliography 141 141 141 143 144 146 148 152 153 153 157 157 158 160 161 162 165 166
ХІІ 6 CONTENTS Overview of EU Responses to the Global Economic Crisis Introduction Overview ofEU Response to the 2007-2008 Crisis Financial Reform Financial Stabilisation Enhancing Economic Governance Funding the Measures * Generating Economic Growth The Major Eurozone Crises 2015 to 2018: Case Studies Greece, Italy and UK Greece Greece in the Eurozone 2007-2014 Greek Crisis 2015 Greece 2018-2019 Italy The Threat to the EU and the Eurozone from Italy The UK: Brexit Bibliography 7 8 EU Initiatives 171 171 171 172 179 184 188 192 193 194 194 196 200 201 201 203 206 213 213 213 217 217 218 219 220 222 The Economic Recovery Plan Plan Details EU2020 Growth Strategy The EU Compactfor Growth and Jobs and Youth Initiatives Monitoring the ERP and 2020 Strategy Review of2020 Targets External Assessment ofERP The EU Single Market The EU Single Market: Driversfor Growth Investment for Growth Investmentfor Growth in Greece Bibliography 223 224 224 Effects of Government Intervention 227 Overview ofthe Effects ofState Intervention on Employment and Growth Unemployment and Economic Growth Trends Portugal an Exemplar for Success ofAusterity Strategy The Beveridge Curve as an Employment Indicator Impact of Uncertainty on Unemployment 222 227 227 229 230 231
CONTENTS 9 xiii Intervention Austerity Measures, Problems and Effects Economic Cycles, Policies and Effect on Economic Growth State Intervention and the Consequent Problems Portugal Spain Italy Germany Greece France Conclusions Principk ofProportionality Spillover Effects of EU Policies Bibliography 232 232 234 EU in 2020 265 265 Introduction Case Study 1: United Kingdom Background UK Relationship with EUfrom 2008 Primary Research on UK Case Study United Kingdom Survey Analysis and Discussion Hypothesis Testing Case Study 2: Germany Background German Economic Trends and Relations with the EUfrom 2008 Germany and EU Primary Research on German Case Study German Survey Analysis and Discussion Hypothesis Testing Case Study 3: Italy Introduction Background The Economic Miracle Italy Economic Trends Since 2008 Financial Crisis Major EU Policy Intervention in Italy Since 2009 A Third Italian Recession: Impact on Europe Primary Research on Italy Case Study Italy Survey Analysis and Discussion Hypothesis Testing 235 237 241 243 245 246 248 253 256 259 266 266 267 273 274 274 277 277 278 283 288 288 288 292 292 292 293 295 300 302 303 303 304
xiv CONTENTS Case Study Limitations and Outcome Epilogue Bibliography 308 308 313 Case Study Appendices 321 Index 419 |
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| spelling | Weißschnur, Sebastian 1979- Verfasser (DE-588)1022955217 aut The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 Sebastian Weißschnur Cham Palgrave Macmillan [2021] xvii, 436 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Political Economy/Economic Systems Economic Policy Macroeconomics/Monetary Economics//Financial Economics Economic policy Economics Macroeconomics Erscheint auch als Online-Ausgabe 978-3-030-75676-5 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032900994&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Weißschnur, Sebastian 1979- The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 Political Economy/Economic Systems Economic Policy Macroeconomics/Monetary Economics//Financial Economics Economic policy Economics Macroeconomics |
| title | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 |
| title_auth | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 |
| title_exact_search | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 |
| title_exact_search_txtP | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 |
| title_full | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 Sebastian Weißschnur |
| title_fullStr | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 Sebastian Weißschnur |
| title_full_unstemmed | The proportionality of state intervention EU responses to the global economic crisis, 2008-2020 Sebastian Weißschnur |
| title_short | The proportionality of state intervention |
| title_sort | the proportionality of state intervention eu responses to the global economic crisis 2008 2020 |
| title_sub | EU responses to the global economic crisis, 2008-2020 |
| topic | Political Economy/Economic Systems Economic Policy Macroeconomics/Monetary Economics//Financial Economics Economic policy Economics Macroeconomics |
| topic_facet | Political Economy/Economic Systems Economic Policy Macroeconomics/Monetary Economics//Financial Economics Economic policy Economics Macroeconomics |
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