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Germany and the European and Global Crises

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  • Sergio Cesaratto
  • Antonella Stirati

Abstract

Beginning with the current global and European imbalances and crises and consideration of the German reaction to them, the paper explores the political economy origins of the conservative German policy stance. It emerges that an export-oriented economy was a deliberate decision of the German elite after World War II and that the external constraint may be regarded as appropriately designed for internal discipline and efficiency in a self-reinforcing process.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal International Journal of Political Economy.

Volume (Year): 39 (2010)
Issue (Month): 4 (January)
Pages: 56-86

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Handle: RePEc:mes:ijpoec:v:39:y:2010:i:4:p:56-86

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110909

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Keywords: European Monetary Union; financial crisis; Germany; neomercantilism;

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Marcone e dollaretto: 30 anni di politica valutaria
    by Alberto Bagnai in Goofynomics on 2014-08-23 22:05:00
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Cited by:
  1. Eckhard Hein, 2012. "The Crisis of Finance-dominated Capitalism in the Euro Area: Deficiencies in the Economic Policy Architecture and Deflationary Stagnation Policies," Economics Working Paper Archive wp_734, Levy Economics Institute.
  2. Hein, Eckhard, 2012. "Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective," IPE Working Papers 14/2012, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
  3. Sergio Cesaratto, 2012. "Neo-Kaleckian and Sraffian controversies on accumulation theory," Department of Economics University of Siena, Department of Economics, University of Siena 650, Department of Economics, University of Siena.
  4. Oliver Landmann, 2011. "On the Macroeconomics of European Divergence," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, Ifo Institute for Economic Research at the University of Munich, vol. 12(2), pages 19-25, 07.
  5. S. Devrim Yilmaz & Burak Saltoglu, 2013. "Why is it so Difficult and Complex to Solve the Euro Problem?," Centre for Growth and Business Cycle Research Discussion Paper Series, Economics, The Univeristy of Manchester 180, Economics, The Univeristy of Manchester.
  6. Esteban Perez-Caldentey & Matias Vernengo, 2012. "The Euro Imbalances and Financial Deregulation: A Post-Keynesian Interpretation of the European Debt Crisis," Economics Working Paper Archive wp_702, Levy Economics Institute.
  7. Luigi Bonatti & Andrea Fracasso, 2012. "A Germans’ dilemma: save the euro or preserve their socio-economic model," Department of Economics Working Papers, Department of Economics, University of Trento, Italia 1207, Department of Economics, University of Trento, Italia.
  8. Alberto Bagnai, 2013. "Unhappy families are all alike: Minskyan cycles, Kaldorian growth, and the Eurozone peripheral crises," a/ Working Papers Series, Italian Association for the Study of Economic Asymmetries, Rome (Italy) 1301, Italian Association for the Study of Economic Asymmetries, Rome (Italy).

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