A Discussion of Mark Blyth's Austerity: The History of a Dangerous Idea

The ongoing Eurozone crisis has brought to the fore the discourse of “austerity.” A number of countries, most dramatically Greece, have been called upon to institute policies of fiscal austerity as a condition of further support from the international financial community. The situation has generated some serious disagreements among economists, policymakers, and indeed important financial institutions such as the International Monetary Fund and the European Central Bank. Mark Blyth’s Austerity: The History of a Dangerous Idea speaks directly to these ongoing current debates. We have invited a range of political scientists working on related issues to comment on the book’s arguments and their relevance to the work that they do.

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A Discussion of Mark Blyth's Austerity: The History of a Dangerous Idea

Perspectives on Politics ◽

10.1017/s1537592717000433 ◽

2017 ◽

Vol 15 (2) ◽

pp. 555-556

Author(s):

Sarah Binder

Keyword(s):

Central Bank ◽

International Monetary Fund ◽

Financial Institutions ◽

European Central Bank ◽

Eurozone Crisis ◽

European Central ◽

History Of ◽

Fiscal Austerity ◽

The International Monetary Fund

The ongoing Eurozone crisis has brought to the fore the discourse of “austerity.” A number of countries, most dramatically Greece, have been called upon to institute policies of fiscal austerity as a condition of further support from the international financial community. The situation has generated some serious disagreements among economists, policymakers, and indeed important financial institutions such as the International Monetary Fund and the European Central Bank. Mark Blyth’s Austerity: The History of a Dangerous Idea speaks directly to these ongoing current debates. We have invited a range of political scientists working on related issues to comment on the book’s arguments and their relevance to the work that they do.

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The professional politics of the austerity debate: A comparative field analysis of the European Central Bank and the International Monetary Fund

Public Administration ◽

10.1111/padm.12561 ◽

2019 ◽

Vol 97 (3) ◽

pp. 530-545 ◽

Cited By ~ 17

Author(s):

Cornel Ban ◽

Bryan Patenaude

Keyword(s):

Central Bank ◽

International Monetary Fund ◽

European Central Bank ◽

Field Analysis ◽

European Central ◽

The International Monetary Fund

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Denationalization: Neoliberalism after Foucault

Filozofija i drustvo ◽

10.2298/fid1601171b ◽

2016 ◽

Vol 27 (1) ◽

pp. 171-185

Author(s):

Marcello Barison

Keyword(s):

European Union ◽

Central Bank ◽

International Monetary Fund ◽

European Central Bank ◽

Economic Knowledge ◽

The European Union ◽

European Central ◽

Governmental Organizations ◽

The Relationship ◽

The International Monetary Fund

Starting from Michel Foucault?s considerations dedicated to economic knowledge (especially in Il faut d?fendre la soci?t? and Naissance de la biopolitique), this paper is about setting up a possible theoretical framework in which to situate the relationship between political power and neoliberalism as they appear in their modern articulation, analyzing in depth how international governmental organizations - such as, for example, the European Central Bank, the European Union and the International Monetary Fund - are involved in this process.

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Instruments for Supporting Members of the Eurozone in Overcoming the Financial Crisis Utilised by The International Monetary Fund Using the Example of Greece

Polish Review of International and European Law ◽

10.21697/priel.2018.7.2.02 ◽

2020 ◽

Vol 7 (2) ◽

pp. 123-146

Author(s):

Agnieszka Wicha

Keyword(s):

Financial Crisis ◽

Central Bank ◽

International Monetary Fund ◽

Euro Area ◽

European Central Bank ◽

Efficient Operation ◽

European Central ◽

The International Monetary Fund ◽

Of Greece ◽

The Imf

The purpose of this article is to present the instruments and resources used by the International Monetary Fund to support the euro area countries in overcoming the financial crisis on the example of Greece. The article points out types of loan instruments and other measures taken by the IMF to support Greece. The author also indicates the reforms that had to be made at the IMF for a better and more efficient operation of this institution against the challenges of the global crisis. In addition, the specificity of cooperation between the IMF, the European Commission and the European Central Bank is analyzed.

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Dramatis Institutiones

10.1093/oso/9780198801801.003.0003 ◽

2017 ◽

Cited By ~ 1

Author(s):

C. Randall Henning

Keyword(s):

European Union ◽

Central Bank ◽

International Monetary Fund ◽

Euro Area ◽

European Central Bank ◽

The European Union ◽

European Central ◽

Regime Complex ◽

Basic Facts ◽

Institutional Conflict

The regime complex for crisis finance in the euro area included the European Council, Council of the European Union, and Eurogroup in addition to the three institutions of the troika. As the member states acted largely, though not exclusively, through the council system, these bodies stood at the center of the institutional mix. This chapter reviews the institutions as a prelude to examining the dilemmas that confronted them over the course of the crises. It presents a brief review of some of the basic facts about their origins, membership, and organization. Each section then delves more deeply into these institutions’ governance and principles to understand their capabilities and strategic challenges. As a consequence of different mandates and design, the European Commission, European Central Bank, and International Monetary Fund diverged with respect to their approach to financing, adjustment, conditionality, and debt sustainability. This divergence set the stage for institutional conflict in the country programs.

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Troika's Portuguese Ministry of Justice Experiment: Dissipation of Doubts about Success, Continuation and Confirmation of Positive Results

Revista Pensamiento Americano ◽

10.21803/pensam.v12i24.309 ◽

2019 ◽

Vol 12 (24) ◽

pp. 40-53

Author(s):

Pedro Miguel Alves Ribeiro Correia ◽

◽

Susana Antas Videira ◽

Ireneu de Oliveira Mendes ◽

◽

...

Keyword(s):

Quantitative Analysis ◽

Empirical Study ◽

Central Bank ◽

European Commission ◽

International Monetary Fund ◽

European Central Bank ◽

European Central ◽

The Impact ◽

Positive Effect ◽

Positive Results

This article is the continuation of a series of studies on the impact of the measures implemented by the Portuguese Ministry of Justice. This research addresses the results obtained in the civil enforcement actions arising from objectives included in the Memorandum of Understanding (MoU) signed between Portugal and the so-called Troika (International Monetary Fund / European Commission / European Central Bank). The empirical study was extended to cover the quantitative analysis of the results achieved not only during the Troika period but also during the post-Troika period. The results show and confirm a continued positive effect on the level of civil enforcement actions in the period analyzed.

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Open Government

The Oxford Handbook of Irish Politics ◽

10.1093/oxfordhb/9780198823834.013.37 ◽

2021 ◽

pp. 667-682

Author(s):

Gary Murphy

Keyword(s):

Public Policy ◽

International Monetary Fund ◽

European Central Bank ◽

Open Government ◽

Freedom Of Information ◽

The Public ◽

European Central ◽

Public Policy Decisions ◽

The International Monetary Fund ◽

Opening Up

Since Irish independence in 1922, governance structures have been excessively secretive. Political and civil service elites operated on a presumption of secrecy and a principle that the public did not need to know about decisions being taken in their name. In the last two decades, a number of policy innovations have gone some way towards providing for a more open polity. These include Ombudsman, regulation of lobbying, and freedom of information legislation, enacted over concerns about payments to politicians and a series of catastrophic public policy decisions that led to the bailout of the Irish economy by the International Monetary Fund, the European Commission, and the European Central Bank. This chapter assesses the importance of the principle of open government in modern Irish politics. It examines the nature of secrecy, assesses the tentative opening up of government since the 1980s, and analyses the open government proposals introduced since 2011.

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Frankfurt’s double standard: the politics of the European Central Bank during the Eurozone crisis

Cambridge Review of International Affairs ◽

10.1080/09557571.2018.1495692 ◽

2018 ◽

Vol 31 (2) ◽

pp. 162-182 ◽

Cited By ~ 6

Author(s):

Clement Fontan

Keyword(s):

Central Bank ◽

European Central Bank ◽

Double Standard ◽

Eurozone Crisis ◽

European Central

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Article 138 TFEU

The EU Treaties and the Charter of Fundamental Rights ◽

10.1093/oso/9780198759393.003.241 ◽

2019 ◽

Author(s):

Leo Flynn

Keyword(s):

Central Bank ◽

Monetary Union ◽

Financial Institutions ◽

European Central Bank ◽

International Monetary System ◽

Economic And Monetary Union ◽

International Financial Institutions ◽

European Central ◽

Monetary System

Article 111(4) EC In order to secure the euro’s place in the international monetary system, the Council, on a proposal from the Commission, shall adopt a decision establishing common positions on matters of particular interest for economic and monetary union within the competent international financial institutions and conferences. The Council shall act after consulting the European Central Bank.

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