The Economics and Politics of the Euro Crisis

@article{Hall2012TheEA,
  title={The Economics and Politics of the Euro Crisis},
  author={Peter A. Hall},
  journal={German Politics},
  year={2012},
  volume={21},
  pages={355 - 371}
}
  • P. Hall
  • Published 1 December 2012
  • Economics
  • German Politics
This article addresses puzzles raised by the Euro crisis: why was EMU established with limited institutional capacities, where do the roots of the crisis lie, how can the response to the crisis be explained, and what are its implications for European integration? It explores how prevailing economic doctrines conditioned the institutional shape of the single currency and locates the roots of the crisis in an institutional asymmetry grounded in national varieties of capitalism, which saw… 
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