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Financial Crisis Management and Democracy

Lessons from Europe and Latin America

Editors: De Souza Guilherme, B., Ghymers Hanot, C., Griffith-Jones, S., Ribeiro Hoffmann, A. (Eds.)

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  • Features an epilogue by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP)
  • Presents bi-regional and comparative research on crisis management in EU and Latin America
  • Addresses very topical subjects such as democracy crisis, systemic crisis, political polarization, and the rise of populism
  • Analyzes the impact of weak management of the global and the euro financial crisis on regionalism in Europe and Latin America
  • Proposes reforms for the international financial system and increased interregional cooperation
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  • ISBN 978-3-030-54895-7
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  • ISBN 978-3-030-54894-0
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About this book

This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism.

The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP).

Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America. 

About the authors

Bettina De Souza Guilherme, is an official at the European Parliament (Brussels, Belgium), working for the Committee of Economic and Monetary Affairs, She studied political science and economics at the University of Vienna.  From 2014 to 2018 she worked as a Professora Colaboradora at the University of Sao Paulo.  In 2016, she and Christian Ghymers founded and co-coordinated the Jean Monnet Network for Crisis-Equity-Democracy for Europe and Latin America.

Christian Ghymers is Professor at ICHEC - Brussels Management School (Belgium). He holds the academic university accreditation and tenure in international economics from Catholic University of Louvain-la-Neuve UCL/ICHEC (Belgium). He is President of Institute for Relations between the EU and Latin American and the Caribbean (IRELAC) and Vice-President of the RTI (Triffin Foundation) at Catholic University of Louvain.

Stephany Griffith-Jones is Financial Markets Director of the Initiative for Policy Dialogue at Columbia University (US), Emeritus Professorial Fellow at Institute of Development Studies (IDS), Sussex University and   Senior associate fellow at the Overseas Development Institute (ODI), London University (UK). She has published widely (including over 25 books) and holds a PhD from Cambridge University and a degree in Economics from the University of Chile.

Andrea Ribeiro Hoffmann is Professor of International Relations at the Catholic University of Rio de Janeiro (PUC), Brazil. She has a Ph.D. from the University of Tübingen, Germany, and has been a visiting scholar at the London School of Economics (UK), University of Erfurt and the Free University of Berlin (Germany).

Table of contents (24 chapters)

Table of contents (24 chapters)
  • Introduction

    Pages 1-7

    Griffith-Jones, Stephany (et al.)

  • The Road from Prosperity into the Crisis: The Long Cycle of Post-War Economic, Social and Political Development

    Pages 11-53

    Schulmeister, Stephan

  • The Systemic Nature of the Global Crisis and Some Principles for Tackling It

    Pages 55-72

    Ghymers, Christian

  • The Double Democratic Deficit

    Pages 75-109

    De Souza Guilherme, Bettina

  • European Union’s Democratic Legitimacy after the MoUs: The Political Legacy of an Economic Crisis

    Pages 111-124

    Katsikas, Dimitris

Buy this book

eBook  
  • ISBN 978-3-030-54895-7
  • This book is an open access book, you can download it for free on link.springer.com
Hardcover 51,99 €
price for Spain (gross)
  • ISBN 978-3-030-54894-0
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • 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
Financial Crisis Management and Democracy
Book Subtitle
Lessons from Europe and Latin America
Editors
  • Bettina De Souza Guilherme
  • Christian Ghymers Hanot
  • Stephany Griffith-Jones
  • Andrea Ribeiro Hoffmann
Copyright
2021
Publisher
Springer International Publishing
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-030-54895-7
DOI
10.1007/978-3-030-54895-7
Hardcover ISBN
978-3-030-54894-0
Edition Number
1
Number of Pages
IX, 382
Number of Illustrations
3 b/w illustrations, 39 illustrations in colour
Topics