Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 100
Book Description
Recoge: 1. Looking back: building imbalances - 2. The bubble bursts - 3. Early policy actions - 4. Run-up to the international financial assistance programme - 5. Programme design and objectives - 6. Programme financing - 7. The risks ahead - 8. Programme monitoring and implementation - 9. Bibliography - Annex - Programme documents.
The Economic Adjustment Programme for Ireland
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 100
Book Description
Recoge: 1. Looking back: building imbalances - 2. The bubble bursts - 3. Early policy actions - 4. Run-up to the international financial assistance programme - 5. Programme design and objectives - 6. Programme financing - 7. The risks ahead - 8. Programme monitoring and implementation - 9. Bibliography - Annex - Programme documents.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 100
Book Description
Recoge: 1. Looking back: building imbalances - 2. The bubble bursts - 3. Early policy actions - 4. Run-up to the international financial assistance programme - 5. Programme design and objectives - 6. Programme financing - 7. The risks ahead - 8. Programme monitoring and implementation - 9. Bibliography - Annex - Programme documents.
The Economic Adjustment Programme for Ireland
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 88
Book Description
Recoge: 1. Economic developments and outlook - 2. Programme implementation - 3. Policy commitments for future reviews.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 88
Book Description
Recoge: 1. Economic developments and outlook - 2. Programme implementation - 3. Policy commitments for future reviews.
The Second Economic Adjustment Programme for Greece
Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.
Economic Adjustment Programme for Ireland
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN: 9789279193415
Category : Economic assistance
Languages : en
Pages : 92
Book Description
Recoge: 1. Macroeconomic and financial background - 2. Programme implementation - 3. Policy discussions - 4. Programme modalities and risks - 5. Appraisal.
Publisher:
ISBN: 9789279193415
Category : Economic assistance
Languages : en
Pages : 92
Book Description
Recoge: 1. Macroeconomic and financial background - 2. Programme implementation - 3. Policy discussions - 4. Programme modalities and risks - 5. Appraisal.
Debating Austerity in Ireland
Author: Emma Heffernan
Publisher:
ISBN: 9781908997685
Category : Budget deficits
Languages : en
Pages : 0
Book Description
The austerity that followed the recent economic and financial crisis in has led to impassioned debates across the social sciences and the public at large. Although Ireland was not its only victim, the depth of the interacting economic, banking and budgetary crises has meant that the level of public interest has been especially intense. Among the hotly debated questions: what is austerity? Was it necessary? What have been its consequences? One of the defining features of the debate to date has been its tendency to polarise opinion and adopt a one-dimensional perspective. This book challenges us to adopt a more nuanced approach to understandings of austerity, and by extension the path to recovery. The book brings together leading national and international experts from across the social sciences to debate this traumatic period in Ireland's economic and social development.The papers were selected from a conference at the Royal Irish Academy, peer-reviewed and rewritten with the addition of a substantial introduction and conclusion by the editors.
Publisher:
ISBN: 9781908997685
Category : Budget deficits
Languages : en
Pages : 0
Book Description
The austerity that followed the recent economic and financial crisis in has led to impassioned debates across the social sciences and the public at large. Although Ireland was not its only victim, the depth of the interacting economic, banking and budgetary crises has meant that the level of public interest has been especially intense. Among the hotly debated questions: what is austerity? Was it necessary? What have been its consequences? One of the defining features of the debate to date has been its tendency to polarise opinion and adopt a one-dimensional perspective. This book challenges us to adopt a more nuanced approach to understandings of austerity, and by extension the path to recovery. The book brings together leading national and international experts from across the social sciences to debate this traumatic period in Ireland's economic and social development.The papers were selected from a conference at the Royal Irish Academy, peer-reviewed and rewritten with the addition of a substantial introduction and conclusion by the editors.
Remaking European Political Economies
Author: Dennis Zagermann
Publisher: University of Toronto Press
ISBN: 1487552289
Category : Political Science
Languages : en
Pages : 193
Book Description
From 2009 to 2015, the euro area of the European Union (EU) experienced an existential socio-economic crisis. To secure its institutional integrity, the EU designed several new institutions to support member states in need but also to facilitate socio-economic adjustments. The European Stability Mechanism (ESM) lies at the centre of this strategy: it provides financial assistance to member states in severe crisis on an intergovernmental basis while demanding compliance with adjustment programs from program countries. Based on a comparative political economic analysis, Remaking European Political Economies shows that the EU’s financial assistance programs focused strongly on reforms that led to a partial convergence of program countries based on market-based economic governance and reduced governmental influence in the economy. The book draws on extensive, empirically based case studies of two prominent euro area countries in crisis: Greece and Ireland. Dennis Zagermann illustrates that socio-economic models in the euro area can experience institutional change if exposed to severe crises in combination with financial assistance programs that include policy conditionality. In doing so, his book sheds light on the central question of whether there is a possible convergence of European models of capitalism – a question that has been at the centre of comparative political economic debates for over thirty years.
Publisher: University of Toronto Press
ISBN: 1487552289
Category : Political Science
Languages : en
Pages : 193
Book Description
From 2009 to 2015, the euro area of the European Union (EU) experienced an existential socio-economic crisis. To secure its institutional integrity, the EU designed several new institutions to support member states in need but also to facilitate socio-economic adjustments. The European Stability Mechanism (ESM) lies at the centre of this strategy: it provides financial assistance to member states in severe crisis on an intergovernmental basis while demanding compliance with adjustment programs from program countries. Based on a comparative political economic analysis, Remaking European Political Economies shows that the EU’s financial assistance programs focused strongly on reforms that led to a partial convergence of program countries based on market-based economic governance and reduced governmental influence in the economy. The book draws on extensive, empirically based case studies of two prominent euro area countries in crisis: Greece and Ireland. Dennis Zagermann illustrates that socio-economic models in the euro area can experience institutional change if exposed to severe crises in combination with financial assistance programs that include policy conditionality. In doing so, his book sheds light on the central question of whether there is a possible convergence of European models of capitalism – a question that has been at the centre of comparative political economic debates for over thirty years.
Financial Assistance Provided to Countries in Difficulties
Author: European Court of Auditors
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 120
Book Description
"When the 2008 financial crisis triggered a European sovereign debt crisis, some Member States were forced to seek macrofinancial assistance. This report examines how well the European Commission managed the assistance provided to five countries — Hungary, Latvia, Romania, Ireland and Portugal. We found that the Commission was unprepared for the magnitude of the crisis, which largely explains the significant initial weaknesses in its management processes. A number of the weaknesses we identified still persist, and the main message of the report is that the Commission has to strengthen its procedures for the management of financial assistance." -- Page 4 of cover.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 120
Book Description
"When the 2008 financial crisis triggered a European sovereign debt crisis, some Member States were forced to seek macrofinancial assistance. This report examines how well the European Commission managed the assistance provided to five countries — Hungary, Latvia, Romania, Ireland and Portugal. We found that the Commission was unprepared for the magnitude of the crisis, which largely explains the significant initial weaknesses in its management processes. A number of the weaknesses we identified still persist, and the main message of the report is that the Commission has to strengthen its procedures for the management of financial assistance." -- Page 4 of cover.
Quarterly Economic Commentary
Author: Economic and Social Research Institute
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 664
Book Description
Publisher:
ISBN:
Category : Industries
Languages : en
Pages : 664
Book Description
The Romanian Economic Reform Program
Author: Mr.Dimitri G. Demekas
Publisher: International Monetary Fund
ISBN: 1451850247
Category : Business & Economics
Languages : en
Pages : 56
Book Description
With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.
Publisher: International Monetary Fund
ISBN: 1451850247
Category : Business & Economics
Languages : en
Pages : 56
Book Description
With the start of the process of its transition to a market economy in early 1990, Romania joined the ranks of other reforming Eastern European countries. At the starting point of its reform program, however, Romania was in a deep economic and institutional crisis and had no experience in even modest attempts to reform its economy. This paper outlines the main characteristics of the Romanian economic system before the reform, and presents the evolution of the reform program, as well as its achievements in the first year or so since it was launched.
Capitalising on constraint
Author: Catherine Moury
Publisher: Manchester University Press
ISBN: 1526149877
Category : Political Science
Languages : en
Pages : 147
Book Description
This book is an essential analysis of what really happens behind closed doors during and after a bailout. In the last decade, five Eurozone governments in economic difficulty received assistance from international lenders on the condition that certain policies specified in the Memoranda of Understanding were implemented. How did negotiations take place in this context? What room for manoeuvre did the governments of these countries have? After conditionality, to what extent were governments willing and able to roll back changes imposed on them by the international lenders? This book explores the constraints on national executives in the five bailed out countries of the Eurozone during and beyond the crisis, from 2008 to 2019. The authors argue that despite international market pressure and creditors’ conditionality, governments had some room for manoeuvre during a bailout and were able to advocate, resist, shape or roll back some of the policies demanded by external actors. Under certain circumstances, domestic actors were also able to exploit the constraint of conditionality to their own advantage. Capitalising on constraint shows that after a bailout programme, governments could use their discretion to revert the measures that brought the greatest benefits at a lower cost. The authors provide a valuable insight into the determinants of bargaining leverage, the importance of credibility, and the limits of conditionality that might inform the design of international and European lending during future crises.
Publisher: Manchester University Press
ISBN: 1526149877
Category : Political Science
Languages : en
Pages : 147
Book Description
This book is an essential analysis of what really happens behind closed doors during and after a bailout. In the last decade, five Eurozone governments in economic difficulty received assistance from international lenders on the condition that certain policies specified in the Memoranda of Understanding were implemented. How did negotiations take place in this context? What room for manoeuvre did the governments of these countries have? After conditionality, to what extent were governments willing and able to roll back changes imposed on them by the international lenders? This book explores the constraints on national executives in the five bailed out countries of the Eurozone during and beyond the crisis, from 2008 to 2019. The authors argue that despite international market pressure and creditors’ conditionality, governments had some room for manoeuvre during a bailout and were able to advocate, resist, shape or roll back some of the policies demanded by external actors. Under certain circumstances, domestic actors were also able to exploit the constraint of conditionality to their own advantage. Capitalising on constraint shows that after a bailout programme, governments could use their discretion to revert the measures that brought the greatest benefits at a lower cost. The authors provide a valuable insight into the determinants of bargaining leverage, the importance of credibility, and the limits of conditionality that might inform the design of international and European lending during future crises.