Institutional trust and economic policy Lessons from the history of the Euro

Lessons from the history of the Euro

Dóra Győrffy

• Publisher: Central European University Press
• Year: 2013
• Print ISBN:
  9786155225222
• eBook ISBN:
  9786155225345
• Topic: Economics
• Subtopic: Economic History
• Index: Economics

The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans.

Table of contents

• Cover
• Title page
• Copyright page
• Contents
• List of Figues
• List of Tables
• Preface and Acknowledgments
• 1. Introduction
• 2. Institutional Trust and Individual Decision Making
• 3. Institutional Trust and Policymaking in the EMU
• 4. Fiscal Developments in the EU-15, 1992–2007
• 5. The Maastricht Process in the CEE-10
• 6. Financial Crisis in the EU-25
• 7. The Relevance of Trust for Economic Outcomes
• Bibliography
• Index