The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis

The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis PDF Author: Ben Clift
Publisher: Oxford University Press
ISBN: 0198813082
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
This book analyses the IMF's role as arbiter of legitimate economic policy since the 2008 crash, and during aftershocks of the Eurozone crisis.

The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis

The IMF and the Politics of Austerity in the Wake of the Global Financial Crisis PDF Author: Ben Clift
Publisher: Oxford University Press
ISBN: 0198813082
Category : Business & Economics
Languages : en
Pages : 297

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Book Description
This book analyses the IMF's role as arbiter of legitimate economic policy since the 2008 crash, and during aftershocks of the Eurozone crisis.

Social Policy in Times of Austerity

Social Policy in Times of Austerity PDF Author: Kevin Farnsworth
Publisher: Policy Press
ISBN: 1447319117
Category : Business & Economics
Languages : en
Pages : 196

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Book Description
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.

The Global Financial Crisis and Austerity

The Global Financial Crisis and Austerity PDF Author: David Clark
Publisher: Policy Press
ISBN: 1447330390
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
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.

Scandalous Economics

Scandalous Economics PDF Author: Aida A. Hozic
Publisher: Oxford University Press
ISBN: 0190204257
Category : Political Science
Languages : en
Pages : 353

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Book Description
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.

Resisting Austerity

Resisting Austerity PDF Author: Cristina Flesher Fominaya
Publisher: Routledge
ISBN: 1351346644
Category : Social Science
Languages : en
Pages : 369

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Book Description
Following the subprime lending crisis and the financial market crash of 2008-9, governments throughout Europe implemented a series of debt reduction measures collectively known as austerity. Across the continent, citizens and social movements mobilized dramatically against these measures, calling strikes, occupying public squares, and developing new forms of political action. These movements challenged the political and economic elite consensus that there was no alternative to cutting spending, and protecting the financial industry at the expense of the public sector; they also challenged the political systems that gave rise to these measures and assumptions, demanding democratic renewal, and imagining new modes of citizenship and political participation. In order to better understand this wave of protest – its common themes, its local contexts, its ideas and its actions – this collection brings together leading scholars in the field to provide a series of theoretically grounded, empirically rich analyses of Europe's anti-austerity mobilizations. This book was originally published as a special issue of Social Movement Studies.

The Age of Austerity

The Age of Austerity PDF Author: Thomas J. Schoenbaum
Publisher: Edward Elgar Publishing
ISBN: 1781951454
Category : Political Science
Languages : en
Pages : 225

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Book Description
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.

The IMF and European Economies

The IMF and European Economies PDF Author: Chris Rogers
Publisher: Springer
ISBN: 1137271272
Category : Political Science
Languages : en
Pages : 249

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Book Description
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.

The Politics of IMF Lending

The Politics of IMF Lending PDF Author: M. Breen
Publisher: Springer
ISBN: 1137263814
Category : Political Science
Languages : en
Pages : 224

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Book Description
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.

Austerity

Austerity PDF Author: Mark Blyth
Publisher: Oxford University Press
ISBN: 0199389446
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.

Governing Risk

Governing Risk PDF Author: M. Moschella
Publisher: Springer
ISBN: 0230277446
Category : Political Science
Languages : en
Pages : 222

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Book Description
With the effects of the latest financial crisis still unfolding, this is a timely guide to the politics of international financial reform comparing the policies that the international community requested the IMF to follow in the aftermath of the Mexican, Asian, and subprime crisis.