Screen LibraryFrom convergence to crisis : labor markets and the instability of the Euro /
What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses on labor markets in a narrative that distinguishes the winners from the losers in the euro crisis. Alison Johnst...
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| Main Authors: | |
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| Published: |
Cornell University Press,
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| Publisher Address: | Ithaca, New York : |
| Publication Dates: | 2016. |
| Literature type: | Book |
| Language: | English |
| Series: |
Cornell studies in money
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| Subjects: | |
| Summary: |
What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses on labor markets in a narrative that distinguishes the winners from the losers in the euro crisis. Alison Johnston argues that Europe's monetary union was structured in a way that advantaged the corporatist labor markets of its northern economies in external trade and financial lending. Northern Europe's distinct economic advantage lay not with its fiscal capabilities, which were not that different from those of sout |
| Carrier Form: | xvii, 223 pages : illustrations ; 24 cm. |
| Bibliography: | Includes bibliographical references (pages 201-215) and index. |
| ISBN: |
9781501702655 1501702653 |
| Index Number: | HG3942 |
| CLC: |
F249.501 F825.00 |
| Call Number: | F825.00/J721 |
| Contents: | Incomplete monetary union and Europe's current crisis -- From order to disorder : how monetary union changed national labor markets -- Monetary regimes, sectoral wage relations and the current account crisis in the EMU south : empirical evidence -- National central banks promoting inflation convergence : Danish and Dutch experiences inside and outside of the euro -- Wage setting politics favoring exports : German, Dutch and Italian experiences under EMU -- Wage-drift and sheltered-sector politics under a common currency : the Irish and Spanish experiences -- EMU, the politics of wage inflati |