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dc.contributor.authorKaltwasser, Cristóbal Rovira
dc.contributor.authorZanotti, Lisa
dc.date.accessioned2020-02-12T22:16:46Z
dc.date.available2020-02-12T22:16:46Z
dc.date.issued2018
dc.identifier.issn1472-4790
dc.identifier.doi10.1057/cep.2016.22
dc.identifier.urihttp://hdl.handle.net/10072/391288
dc.description.abstractBy the end of the first decade of the twenty-first century, the world economy was on the brink of collapsing. On 15 September 2008, Lehman Brothers went bankrupt, marking the starting point of the crisis. After all, this was one of the oldest investment banks on Wall Street and its bankruptcy sparked financial panic all over the planet. Given that financial markets are heavily interlinked in the twenty-first century, doubts about the solvency of the United States financial sector due to its exposure to the real-state bubble resulted in alarming news about the solvency of financial systems in all countries. Dramatic government responses became crucial in avoiding the risk of worldwide financial collapse. Right after the onset of the crisis, heads of government had no other option than to try to calm the markets at any cost. Central banks and finance ministers were forced to act rapidly, but after a while it became clear that not all countries reacted in the same way. Whereas the United States has adopted a quantitative easing strategy, almost all European countries have preferred austerity policies.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherSpringer
dc.publisher.placeUnited Kingdom
dc.relation.ispartofpagefrom535
dc.relation.ispartofpageto548
dc.relation.ispartofissue3
dc.relation.ispartofjournalComparative European Politics
dc.relation.ispartofvolume16
dc.subject.fieldofresearchPolitical Science
dc.subject.fieldofresearchcode1606
dc.titleThe comparative (party) politics of the Great Recession: Causes, consequences and future research agenda
dc.typeJournal article
dc.type.descriptionC1 - Articles
dcterms.bibliographicCitationKaltwasser, CR; Zanotti, L, The comparative (party) politics of the Great Recession: Causes, consequences and future research agenda, Comparative European Politics, 2018, 16 (3), pp. 535-548
dc.date.updated2020-02-10T05:06:30Z
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2018 Palgrave Macmillan. This is a post-peer-review, pre-copyedit version of an article published in Comparative European Politics. The definitive publisher-authenticated version Comparative European Politics 16, pages535–548(2018) is available online at: https://doi.org/10.1057/cep.2016.22
gro.hasfulltextFull Text
gro.griffith.authorZanotti, Lisa


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