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Social and Behavioral Sciences Commons

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Economic Theory

Selected Works

Europe

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Full-Text Articles in Social and Behavioral Sciences

Why Over-Financialization In The Eurozone Periphery Was Inevitable: A Crisis Of Flawed Legislation And Competitive Imbalances, Maximilian Bevan Apr 2013

Why Over-Financialization In The Eurozone Periphery Was Inevitable: A Crisis Of Flawed Legislation And Competitive Imbalances, Maximilian Bevan

Maximilian Bevan

Over the past three years, the heads of state in the Euro area have argued over the proper monetary mechanisms to alleviate the protracted European debt crisis. This paper illuminates the often-overlooked aspects of this crisis – the fundamental failures of the monetary union from its inception. It expands the scope of analysis on the Eurozone crisis by addressing the over-financialization in the Eurozone periphery (Greece, Portugal, and Spain) within a political-economy framework. It explicates the direct relationship between the political manipulations of the legislation by Germany (analyzed from a public choice perspective) and the resulting economic consequences that the …


Europe's Welfare - The Lisbon Agenda In A Broad Welfare Perspective (European Outlook). In Dutch: Europa's Welvaart -De Lissabon Agenda In Een Breder Welvaartsperspectief, Henk Lm Kox, Harold Creusen, Herman Stolwijk Apr 2010

Europe's Welfare - The Lisbon Agenda In A Broad Welfare Perspective (European Outlook). In Dutch: Europa's Welvaart -De Lissabon Agenda In Een Breder Welvaartsperspectief, Henk Lm Kox, Harold Creusen, Herman Stolwijk

Henk LM Kox

This European Outlook evaluates the results of EU's Lisbon Agenda. The study provides a quantitative analysis of changes in welfare and wellbeing of European citizens over the period 2000-2010. The study not only evaluates the changes in Europe's market sector (production, investment, GDP), but also indicators that measure changes with respect to non-market parts of welfare like natural environment and social-cohesion.