Political Economy Perspectives on the Greek Crisis: Debt, Austerity and Unemployment

Author:   Ioannis Bournakis ,  Christopher Tsoukis ,  Dimitris K. Christopoulos ,  Theodore Palivos
Publisher:   Springer International Publishing AG
Edition:   1st ed. 2017
ISBN:  

9783319637051


Pages:   388
Publication Date:   11 December 2017
Format:   Hardback
Availability:   Manufactured on demand   Availability explained
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Political Economy Perspectives on the Greek Crisis: Debt, Austerity and Unemployment


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Overview

This book offers a comprehensive guide to the on-going Greek debt crisis. It identifies and explains Greece’s idiosyncratic weaknesses, and highlights the existing rigidities in the EU architecture that make the recovery prospects of the Greek economy challenging. Chapters from expert contributors highlight aspects of the performance of the Greek economy with focus on export performance, labour market conditions, political cycles and regional income disparities. The book then goes on to outline the banking system in Greece in the post-crisis era, and includes analysis that explains how the credit rating score affected Greece’s borrowing capacity prior to the start of the insolvency crisis. The final part analyses and compares alternative scenarios of fiscal consolidation, seeking to identify whether there are alternatives to fiscal austerity and the impact of each one of them. This section also clarifies various misconceptions about the significant determinants of international competitiveness. Despite the focus of the book, the lessons drawn from the chapters are not limited to Greece. This volume will be of interest to academics, practitioners and policy makers who wish to take a closer look at the Greek debt crisis and learn more about the challenges the Greek economy is currently facing. 

Full Product Details

Author:   Ioannis Bournakis ,  Christopher Tsoukis ,  Dimitris K. Christopoulos ,  Theodore Palivos
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   1st ed. 2017
Weight:   6.316kg
ISBN:  

9783319637051


ISBN 10:   3319637053
Pages:   388
Publication Date:   11 December 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Chapter 1: On the political economy of the Greek crisis: Introduction and background.- Chapter 2: The Eurozone crisis: A near-perfect case of mismanagement.- Chapter 3: Structural Reforms in the EU.- Chapter 4: The Responsibility of the EU.- Chapter 5: On the institutional responses to the Euro crisis: Is there a role for ‘German Macroeconomics’?- Chapter 6: Austerity and the Greek Dra(ch)ma: Three economists’s views and a comment.- Chapter 7: A Macroeconomic perspective on the Greek debt crisis.- Chapter 8: On the role of the credit rating agencies in the Euro zone crisis.- Chapter 9: The Greek Great Depression: A General Equilibrium study of its Drivers.- Chapter 10: The limits of austerity: The fiscal multiplier and the ‘Debt Laffer Curve’.- Chapter 11: Fiscal Consolidation Policies and the Underground Economy in Greece.- Chapter 12: Output and Unemployment: Estimating the Okun’s Law for Greece.- Chapter 13: On the Determinants of Non-Performing Loans (NPLs): Lessons from Greece.- Chapter 14: Who Exports High-Quality Manufacturing Products? Some Empirical Regularities from Greek Exporting Firms.- Chapter 15: Spatial Structure and Spatial Dynamics of Regional Incomes in Greece.- Chapter 16: Greece’s Loss of competitiveness: A survey and Concluding Remarks.

Reviews

Unsurprisingly, given its dramatic narrative, this ill-fated campaign has attracted the attention of many fine historians, yet none of them has explored it so thoughtfully and compellingly as David Preston. His Braddock's Defeat: The Battle of the Monongahela and the Road to Revolution is distinguished not simply by his refusal to accept traditional interpretations but by his readiness to consider the perspectives of all the protagonists: British, colonial American, French-Canadian and, not least, Indian. Stephen Brumwell, The Wall Street Journal A vivid, sweeping account of a battle with singular impact on American history. The brilliant scholarship behind Braddock's Defeat is exceeded only by David L. Preston's storytelling verve. Rick Atkinson, author of THE LIBERATION TRILOGY Preston has investigated this important, though somewhat obscure, event in American history and penned an absorbing account rich in details, logical in its conclusions and written with great narrative drive. This is definitely in the Good Read category. The Post and Courier < With impressive research, new evidence, and close attention to terrain as well as to tactics, David Preston dismantles old stereotypes and provides a fuller understanding of the British, French, and Indian participants in the conflict. A compelling account that will surely become the definitive study of this pivotal battle.> -Colin G. Calloway, John Kimball, Jr. 1943 Professor of History and Professor of Native American Studies, Dartmouth College, author of The Victory with No Name This compelling and meticulous book revisits the opening shots of a war that would not end until French defeat at Waterloo, and a war that also planted the seeds of American revolution. BRADDOCK'S DEFEAT is an invaluable addition to any library of military history. Bernard Cornwell, author of WATERLOO: The History of Four Days, Three Armies, and Three Battles David Preston has offered what will probably be the final word on one of the most important battles in North American history. This engaging, thorough book debunks timeworn myths about Edward Braddock and his soldiers while affording their French and American Indian foes long overdue attention and credit for what was their victory more than < Braddock's Defeat.> A vital contribution and singular scholarly achievement. John W. Hall, Ambrose-Hesseltine Chair in U.S. Military History, University of Wisconsin, Madison


Author Information

Ioannis Bournakis is  Senior Lecturer in Economics at Middlesex University, UK. He has an MSc in Economics and Econometrics from the University of Manchester, UK and a PhD in Economics from the University of Kent, UK. His research interests are in the fields of international trade, economic growth and applied macroeconomics. Christopher Tsoukis is Senior Lecturer in Economics at Keele University, UK, specialising in macroeconomics. His research interests include behavioural and social macroeconomics, fiscal policy, political economy and the economy of Greece. Dimitris K. Christopoulos is Professor of Economics at Panteion University in Athens, Greece. Dimitris has a BA in Economics from Athens University of Economics and Business, and a PhD from Panteion University. His main research interests are in the areas of economic growth, economic development, microeconomics and non-linear models. Theodore Palivos is Professor of Economics at Athens University of Economics and Business and Senior Fellow at the Rimini Center for Economic Analysis. He has a PhD from Penn State University, US. His current research interests are in the areas of labour economics, macroeconomics, and public economics.

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