Pathways from the European Periphery: Lessons from the Political Economy of Development

DC FieldValueLanguage
dc.contributor.authorDellepiane-Avellaneda, Sebastian-
dc.contributor.authorHardiman, Niamh-
dc.contributor.authorPagoulatos, George-
dc.contributor.authorBlavoukos, Spyros-
dc.date.accessioned2019-04-16T07:33:52Z-
dc.date.available2019-04-16T07:33:52Z-
dc.date.copyright2018 Springer Natureen_US
dc.date.issued2018-04-13-
dc.identifier.citationStudies in Comparative International Developmenten_US
dc.identifier.issn0039-3606-
dc.identifier.urihttp://hdl.handle.net/10197/9958-
dc.description.abstractThe European economic crisis need not be considered as a problem that is sui generis. Drawing on literature from the political economy of development that centers on finance and monetary policy, we show that the economic vulnerabilities and policy predicaments facing the European periphery share many similarities with problems encountered by middle-income developing countries. Three main concerns guide our discussion: the politics of credible commitment, the significance of state capacity for stabilizing credibility, and the challenges of maintaining democratic legitimacy during times of financial volatility. Our analysis of the dynamics of hard currency pegs and monetary unions draws on lessons from the classic Gold Standard and on more recent experiences of financial crises in emerging markets. We consider how these may apply to the Eurozone periphery, before drawing out some implications for the problems of core-periphery relationships in European Monetary Union.en_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.rightsThe final publication is available at Springer via http://dx.doi.org/10.1007/s12116-018-9261-6.en_US
dc.subjectEuropean peripheryen_US
dc.subjectFinancial crisesen_US
dc.subjectEmerging marketsen_US
dc.subjectCredibility of monetary commitmentsen_US
dc.subjectState capacityen_US
dc.titlePathways from the European Periphery: Lessons from the Political Economy of Developmenten_US
dc.typeJournal Articleen_US
dc.internal.authorcontactotherniamh.hardiman@ucd.ieen_US
dc.statusPeer revieweden_US
dc.identifier.volume53en_US
dc.identifier.issue2en_US
dc.identifier.startpage239en_US
dc.identifier.endpage260en_US
dc.identifier.doi10.1007/s12116-018-9261-6-
dc.neeo.contributor(with Sebastian Dellepiane-Avellaneda|George Pagoulatos, Spyros Blavoukos)|aut|-
dc.internal.rmsid918439415-
dc.date.updated2018-04-14T17:21:30Z-
dc.rights.licensehttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/en
item.grantfulltextopen-
item.fulltextWith Fulltext-
Appears in Collections:Politics and International Relations Research Collection
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