Financial Underpinnings of Europe’s Financial Crisis

Liberalization, Integration, and Asymmetric State Power

New Directions in Modern Economics series

Nina Eichacker, Assistant Professor, University of Rhode Island, Department of Economics, US

This book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis.