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Books > Social sciences > Politics & government > Political structure & processes
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Moments of Truth - The Politics of Financial Crises in Comparative Perspective (Hardcover, New)
Loot Price: R4,356
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Moments of Truth - The Politics of Financial Crises in Comparative Perspective (Hardcover, New)
Series: Conceptualising Comparative Politics
Expected to ship within 10 - 15 working days
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The current financial and sovereign debt crisis of the European
Union and the United States can be regarded as the most recent of a
wave of financial and sovereign debt crises that have affected
different regions of the world over the past quarter century. While
there is a large and growing body of literature on the economic
aspects of financial crises, its political elements remain
surprisingly under-studied. Moments of Truth: The Politics of
Financial Crises in Comparative Perspective fills this gap in the
literature by looking at the political repercussions and policy
implications of financial crises in comparative perspective, using
case studies in Latin America, Korea, and Russia, as well as the
contemporary crises in the US and in key European countries.
Contributors to this volume look at the crises as critical
junctures that generate high levels of uncertainty while calling
for decisive action. The chapters emphasize structural or agency
based explanations and give relevance to the role of ideas,
interests, and institutions in explaining different outcomes. The
questions addressed by the case studies include: how the crises
were defined by key actors, the range of political and policy
options available to deal with their impact, the role of ideas in
policy shifts, how political and economic actors redefine their
interests in contexts of uncertainty, how political institutions
mediate reactions to the crises, what explains the choice of a
certain option over other alternatives, and whether the crisis has
(so far) resulted in significant political and policy changes or in
incremental adjustments to the status quo. The first book to
comparatively analyze the political dimensions of financial crises
across different global regions, Moments of Truth will be highly
significant for any scholars interested in the contemporary debate
on financial crises.
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