The Imf And The Politics Of Austerity In The Wake Of The Global Financial Crisis

Author : Ben Clift
Publisher : Oxford University Press
ISBN 13 : 0198813082
Total Pages : 297 pages
Book Rating : 4.88/5 ( download)

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Download or read book The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis written by Ben Clift and published by Oxford University Press. This book was released on 2018 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the IMF's role within the politics of austerity by providing a path-breaking comprehensive analysis of how the IMF approach to fiscal policy has evolved since 2008, and how the IMF worked to alter advanced economy policy responses to the global financial crisis (GFC) and the Eurozone crisis. It updates and refines our understanding of how the IMF seeks to wield ideational power by analysing the Fund's post-crash their ability to influence what constitutes legitimate knowledge, and their ability fix meanings attached to economic policies within the social process of constructing economic orthodoxy.This book is interested in the politics of economic ideas, focused on the assumptive foundations of different approaches to economic policy, and how the interpretive framework through which authoritative voices evaluate economic policy is an important site of power in world politics. After establishing the internal conditions of possibility for new fiscal policy thinking to emerge and prevail, detailed case studies of IMF interactions with the UK and French governments during the Great Recession drill down into how Fund seeks to shape the policy possibilities of advanced economy policy-makers and account for the scope and limits of Fund influence. The Fund's reputation as a technocratic, scientific source of economic policy wisdom is important to for its intellectual authority. Yet, as this book demonstrates, the Fund makes normatively driven interventions in ideologically charged economic policy debates. The analysis reveals the malleability of conventional wisdoms about economic policy, and the processes of their social construction.

Author : Farnsworth, Kevin
Publisher : Policy Press
ISBN 13 : 1447319117
Total Pages : 196 pages
Book Rating : 4.15/5 ( download)

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Download or read book Social Policy in Times of Austerity written by Farnsworth, Kevin and published by Policy Press. This book was released on 2015-09-15 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of the 2008 financial crisis were ameliorated by large-scale social policy interventions, which both helped limit the depth and duration of the crisis and softened its worst effects on citizens. Yet in the wake of the crisis, those very same social policies and the welfare state they support have come under attack. There is, however, reason to be optimistic, argue the contributors to Social Policy in Times of Austerity. Bringing together leading scholars engaged in the debate over austerity and the future of the welfare state, the book traces the strong currents of resistance to austerity that continue to thrive within organizations, governments, and the citizenry at large.

Author : Chris Rogers
Publisher : Springer
ISBN 13 : 1137271272
Total Pages : 222 pages
Book Rating : 4.73/5 ( download)

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Download or read book The IMF and European Economies written by Chris Rogers and published by Springer. This book was released on 2012-07-17 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the role that the IMF has played in the management of financial crises in developed nations. The topic is of particular significance in light of the global financial crisis that emerged following the collapse of American sub-prime mortgage markets in 2007, and the subsequent sovereign debt problems of many Western states.

Author : Thomas J. Schoenbaum
Publisher : Edward Elgar Publishing
ISBN 13 : 1781951454
Total Pages : 225 pages
Book Rating : 4.53/5 ( download)

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Download or read book The Age of Austerity written by Thomas J. Schoenbaum and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This provocative look at the global financial crisis argues that the United States, the European Union and Japan have intentionally and unwittingly adopted wrong-headed economic policies in a futile attempt to deal with sovereign debt resulting from the global financial crisis. It offers persuasive evidence of how the politics of austerity fail to encourage economic recovery, and proposes instead a number of alternative ideas and solutions. The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the countryÍs aging infrastructures; and (3) mortgage relief to revitalize the nationÍs housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth. This timely and insightful volume will appeal to students and scholars of economics, public policy and finance, as well as anyone with an interest in the recent economic history of the United States.

Author : Aida A. Hozic
Publisher : Oxford University Press
ISBN 13 : 0190614099
Total Pages : pages
Book Rating : 4.96/5 ( download)

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Download or read book Scandalous Economics written by Aida A. Hozic and published by Oxford University Press. This book was released on 2016-03-10 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Of all of the lies, fragile alliances, and predatory financial dealings that have been revealed in the wake of the Global Financial Crisis of 2008, we have yet to come to terms with the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics is about "silences" - the astonishing neglect of gender and race in explanations of the Global Financial Crisis. But, it is also about "noises" - the sexual scandals and gendered austerity policies that have relegated public debate, and the crisis itself, into political oblivion. While feminist economists and movements such as Occupy Wall Street have pointed to the distributional inequalities that are an effect of financial deregulation, scholars haven't really grappled with the representational inequalities inherent in the way we view the politics of the market. For example, capitalism won't be made more equitable simply by appointing women to leadership positions within financial firms or corporations. And the next crisis will not be averted if our understandings of gendered inequalities are framed by sexual scandals in media and popular culture. We need to look at the activities and the privileges of the advantaged - the "TED women" of the crisis -- as much as the victimization of the disadvantaged - to fully grasp the interplay between gender and economy in this fragile age of restoration. Scandalous Economics breaks new ground by doing precisely this. It argues that normalization of the post-GFC economic order in the face of its obvious breakdown(s) has been facilitated by co-optation of feminist and queer perspectives into national and international responses to the crisis. Scandalous Economics builds upon the Occupy movement and other critical analysis of the GFC to comprehensively examine gendered material, ideational and representational dimensions that have served to make the crisis and its effects, 'the new normal' in Europe and America as well as Latin America and Asia.

Author : M. Breen
Publisher : Springer
ISBN 13 : 1137263814
Total Pages : 146 pages
Book Rating : 4.10/5 ( download)

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Download or read book The Politics of IMF Lending written by M. Breen and published by Springer. This book was released on 2013-08-15 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: As national governments continue to disagree over how to respond to the aftermath of the global financial crisis, two of the few areas of consensus were the decisions to increase the IMF's capacity to respond and remove the policies designed to limit the use of its resources. Why was this massive increase in the size of the IMF, accompanied by the removal of policies designed to limit moral hazard, such an easy point of consensus? Michael Breen looks at the hidden politics behind IMF lending and proposes a new theory based on shareholder control. To test this theory, he combines statistical analysis with a sweeping account of IMF lending and conditionality during two global crises; the European sovereign debt crisis and the Asian financial crisis.

Author : David Clark
Publisher : Policy Press
ISBN 13 : 1447330390
Total Pages : 160 pages
Book Rating : 4.94/5 ( download)

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Download or read book The Global Financial Crisis and Austerity written by David Clark and published by Policy Press. This book was released on 2015-11-30 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the far-reaching impact of both the 2008 financial crash and postcrash austerity policies on so many people's lives, there exists a need for a succinct, straightforward guide to the situation's causes and its long-term significance. The Global Financial Crisis and Austerity fulfills that need. Written by an expert in political science, this book spans the fields of finance, economics, and politics to demystify the sometimes arcane world of global finance, such as the shadow banking system, and put the recent financial crisis in its historical context. Addressing a number of themes that economists writing on the crisis tend to neglect, David Clark not only outlines the policy responses of Western governments to the crash, the ensuing recession, and in their turn to austerity, but also reviews the crash's larger legacy and asks if the crisis is really over. Supplementing his discussion with a glossary of key terms, processes, and institutions, Clark provides an invaluable overview for all of us affected by the crash, offering a range of possible scenarios for the future.

Author : G. Karyotis
Publisher : Springer
ISBN 13 : 113736923X
Total Pages : 323 pages
Book Rating : 4.39/5 ( download)

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Download or read book The Politics of Extreme Austerity written by G. Karyotis and published by Springer. This book was released on 2015-03-24 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume investigates the policies and politics of extreme austerity, setting the crisis in Greece in its global context. Featuring multidisciplinary contributions and an exclusive interview with former Greek Prime Minister George Papandreou, this is the first comprehensive account of the economic crisis at the heart of Europe.

Author : Evdoxios Doxiadis
Publisher : Berghahn Books
ISBN 13 : 1785339346
Total Pages : 374 pages
Book Rating : 4.49/5 ( download)

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Download or read book Living Under Austerity written by Evdoxios Doxiadis and published by Berghahn Books. This book was released on 2018-07-20 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its sovereign debt crisis in 2009, Greece has been living under austerity, with no apparent end in sight. This volume explores the effects of policies pursued by the Greek state since then (under the direction of the Troika), and how Greek society has responded. In addition to charting the actual effects of the Greek crisis on politics, health care, education, media, and other areas, the book both examines and challenges the “crisis” era as the context for changing attitudes and developments within Greek society.

Author : Craig Berry
Publisher : Palgrave Macmillan
ISBN 13 : 9781137590091
Total Pages : 0 pages
Book Rating : 4.92/5 ( download)

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Download or read book Austerity Politics and UK Economic Policy written by Craig Berry and published by Palgrave Macmillan. This book was released on 2016-06-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Craig Berry assesses UK economic policy in the wake of the financial crisis through the lens of the austerity agenda, focusing on monetary policy, economic rebalancing, industrial and regional policy, the labour market, welfare reform and budgetary management. He argues that austerity is geared towards a resurrection of financialisation and the UK’s pre-crisis economic model, through the transformation of individual behaviour and demonisation of the state. Cutting public spending and debt in the short term is, at most, a secondary concern for the UK policy elite. However, the underlying purpose of austerity is frequently misunderstood due to its conflation with a narrow deficit reduction agenda, not least by its Keynesian critics. Berry also demonstrates how austerity has effectively dismantled the prospect of a centre-left alternative to neoliberalism.