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What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of economic cooperation in Europe during the Great Recession and the European Debt Crisis. Drawing on Mancur Olson’s theory of collective action, this volume combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective action in times of crises: Free riding was not rife. Despite heated accusations, member states crisis policies matched their fiscal room for manoeuvre. The real collective action failure is instead diagnosed in the inability to sanction free riders at the EU level and empowering erratic bond markets to discipline governments.
Ebook for EU Fiscal Policy Coordination in Hard Times: Free Riders on the Storm is an amazing study overview that goes over and beyond what is commonly anticipated. The careful building of this resource, which incorporates intellectual understandings with useful approaches to examination preparation, makes it an extremely useful instrument for trainees. This guidebook, which was composed by $_authors$, that are well-regarded academics in their particular fields, and published by $_publisher$ on $_publish_date$, is an vital resource for anybody that is functioning toward attaining greatness in Test bank, Solution manual.
What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of econom
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