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Coping with crisis : government reactions to the great recession /

"The financial crisis that erupted on Wall Street in 2008 quickly cascaded throughout much of the advanced industrial world. Facing the specter of another Great Depression, policymakers across the globe responded in sharply different ways to avert an economic collapse. Why did the response to t...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Bermeo, Nancy Gina, 1951-, Pontusson, Jonas
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New York : Russell Sage Foundation, [2012]
Colección:UPCC book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

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245 0 0 |a Coping with crisis :  |b government reactions to the great recession /  |c Nancy Bermeo and Jonas Pontusson, editors. 
264 1 |a New York :  |b Russell Sage Foundation,  |c [2012] 
264 4 |c ©2012 
300 |a 1 online resource (viii, 422 pages) :  |b illustrations 
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504 |a Includes bibliographical references and index. 
505 0 |a Coping with crisis: an introduction / Nancy Bermeo and Jonas Pontusson -- Part I. International origins, organizations, and constraints: Modern capitalism and the advanced nation state: understanding the causes of the crisis / Torben Iversen and David Soskice ; Multilateralism reborn? international cooperation and the global financial crisis / Eric Helleiner ; European fiscal responses to the great recession / David R. Cameron ; Policymaking in hard times: French and German responses to the Eurozone crisis / Waltraud Schelkle ; The sorrows of young Euro: the sovereign debt crises of Ireland and southern Europe / Klaus Armingeon and Lucio Baccaro -- Part II. Cases and comparisons: The politics of the pop: the U.S. response to the financial crisis and the great recession / Nolan McCarty ; Politics and policies in two economic crises: the Nordic countries / Johannes Lindvall ; The global economic crisis and the politics of regime change in Japan / Yves Tiberghien ; The liberal model in (the) crisis: continuity and change in Great Britain and Ireland / Lucy Barnes and Anne Wren -- Part III. Cross-national consequences: Crisis as political opportunity? partisan politics, housing cycles, and the credit crisis / Ben W. Ansell ; West European welfare states in times of crisis / David Rueda. 
588 0 |a Print version record. 
520 |a "The financial crisis that erupted on Wall Street in 2008 quickly cascaded throughout much of the advanced industrial world. Facing the specter of another Great Depression, policymakers across the globe responded in sharply different ways to avert an economic collapse. Why did the response to the crisis-and its impact on individual countries-vary so greatly among interdependent economies? How did political factors like public opinion and domestic interest groups shape policymaking in this moment of economic distress? Coping with Crisis offers a rigorous analysis of the choices societies made as a devastating global economic crisis unfolded. With an ambitiously broad range of inquiry, Coping with Crisis examines the interaction between international and domestic politics to shed new light on the inner workings of democratic politics. The volume opens with an engaging overview of the global crisis and the role played by international bodies like the G-20 and the WTO. In his survey of international initiatives in response to the recession, Eric Helleiner emphasizes the limits of multilateral crisis management, finding that domestic pressures were more important in reorienting fiscal policy. He also argues that unilateral decisions by national governments to hold large dollar reserves played the key role in preventing a dollar crisis, which would have considerably worsened the downturn. David R. Cameron discusses the fiscal responses of the European Union and its member states. He suggests that a profound coordination problem involving fiscal and economic policy impeded the E.U.'s ability to respond in a timely and effective manner. The volume also features several case studies and country comparisons. Nolan McCarty assesses the performance of the American political system during the crisis. He argues that the downturn did little to dampen elite polarization in the U.S.; divisions within the Democratic Party-as well as the influence of the financial sector-narrowed the range of policy options available to fight the crisis. Ben W. Ansell examines how fluctuations in housing prices in 30 developed countries affected the policy preferences of both citizens and political parties. His evidence shows that as housing prices increased, homeowners expressed preferences for both lower taxes and a smaller safety net. As more citizens supplement their day-to-day income with assets like stocks and housing, Ansell's research reveals a potentially significant trend in the formation of public opinion. Five years on, the prospects for a prolonged slump in economic activity remain high, and the policy choices going forward are contentious. But the policy changes made between 2007 and 2010 will likely constrain any new initiatives in the future. Coping with Crisis offers unmatched analysis of the decisions made in the developed world during this critical period. It is an essential read for scholars of comparative politics and anyone interested in a comprehensive account of the new international politics of austerity"--  |c Provided by publisher. 
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650 0 |a Economic policy. 
650 0 |a International economic relations. 
650 0 |a Financial crises. 
650 0 |a Global Financial Crisis, 2008-2009. 
650 0 |a Economic policy  |v Case studies. 
650 6 |a Politique économique. 
650 6 |a Crise financière mondiale, 2008-2009. 
650 6 |a Politique économique  |v Études de cas. 
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700 1 |a Pontusson, Jonas. 
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