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Trust and Crisis Management in the European Union

An Institutionalist Account of Success and Failure in Program Countries

Authors: Győrffy, Dóra

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  • Provides a single theoretical approach rather than a collection of chapters;
  • Focuses on EU crisis management both in the Eurozone and outside in a strictly comparative manner;
  • Goes beyond economic explanations and provides a novel theory for success and failure 
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eBook 95,19 €
price for Spain (gross)
  • ISBN 978-3-319-69212-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 119,59 €
price for Spain (gross)
  • ISBN 978-3-319-69211-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 119,59 €
price for Spain (gross)
  • Due: February 6, 2019
  • ISBN 978-3-319-88733-3
  • Free shipping for individuals worldwide
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book addresses and explains the divergent economic and political outcomes of the financial
crisis in the eight European Union member states which needed a bailout program: Cyprus,
Greece, Hungary, Ireland, Latvia, Portugal, Romania and Spain. Looking at crisis management as
a series of relationships where cooperation is essential, this book focuses on the essential role of
trust during the process. It argues that the presence or absence of trust during the negotiation
and implementation of the bailout program leads to self-reinforcing cycles of success and
failure. The analysis of these eight countries also explores the institutional sources of trust – it
shows that a commitment to limited government is associated with both economic success and
resistance to populism. The final chapter considers the implications for the future of the EU and
calls attention to the importance of strengthening domestic institutions in order to bridge the
gap between concerns over moral hazard and expectations of solidarity.

About the authors

Dóra Győrffy is Professor of international political economy at the Péter Pázmány Catholic University and the Corvinus University of Budapest, Hungary. She holds a BA in Government from Harvard University, an MA and PhD in International Relations from Central European University and a Doctor of Science degree in Economics from the Hungarian Academy of Sciences.


Győrffy’s publications address fiscal consolidation and reforms, European monetary integration and financial crises. Her articles have appeared in English and Hungarian including in Acta Oeconomica, Hungarian Economic Review, Europe-Asia Studies, Post-Communist Economies, Society and Economy, and Zeitschrift für Staats-und Europawissenschaften. She is author of two books: Democracy and Deficits: The New Political Economy of Fiscal Management Reforms (2007) and Institutional Trust and Economic Policy: Lessons from the History of the Euro (2013). 

Reviews

“This volume represents a timely and courageous attempt at disentangling a maze of economic, social and political factors that shaped the recent stabilization programs undertaken in eight crisis-hit EU member countries. The author navigates beyond the boundaries of political economy by highlighting the role of trust and institutions and the ensuing populist backlash.” (George Kopits, Member, Public Finance Council, Portugal, and Visiting Professor, Central European University, Hungary)

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook 95,19 €
price for Spain (gross)
  • ISBN 978-3-319-69212-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 119,59 €
price for Spain (gross)
  • ISBN 978-3-319-69211-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 119,59 €
price for Spain (gross)
  • Due: February 6, 2019
  • ISBN 978-3-319-88733-3
  • Free shipping for individuals worldwide
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Trust and Crisis Management in the European Union
Book Subtitle
An Institutionalist Account of Success and Failure in Program Countries
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-69212-8
DOI
10.1007/978-3-319-69212-8
Hardcover ISBN
978-3-319-69211-1
Softcover ISBN
978-3-319-88733-3
Edition Number
1
Number of Pages
XIII, 244
Number of Illustrations
1 b/w illustrations, 34 illustrations in colour
Topics