The European Field of Government Debt in Times of Stability and in Times of Crisis
| Autor: | Jenny Preunkert |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Sociology and Political Science
Economic policy 05 social sciences Debt-to-GDP ratio Government debt External debt 0506 political science Competition (economics) 0502 economics and business 050602 political science & public administration Economics Internal debt 050207 economics Debt levels and flows Public finance European debt crisis |
| Zdroj: | Comparative Sociology. 15:415-438 |
| ISSN: | 1569-1330 |
| DOI: | 10.1163/15691330-12341396 |
| Popis: | The aim of the article is to understand how the introduction of the euro changed the environment for government debt managers and therefore altered government debt management strategies. The argument of the article is that the common currency has led to the institutionalization of a transnational field. In this new European field, the strategies of its members are a treatment of both the common shared rules and the mutual awareness of each other and their role in the field. In times of stability, the European field pushed the competition among government debt managers and therefore resulted in converging tendencies in government debt management approaches without overcoming all differences. Contrary to this, during the crisis and therefore in times of an unstable environment, government debt management approaches became more divergent and more hierarchic. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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