Bulletin n. 2-3/2013
February 2014
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Yanis Varoufakis
    From Contagion to Incoherence towards a Model of the Unfolding Eurozone Crisis
    in Contributions to Political Economy , volume 32 n.1 ,  2013 ,  51-71
    Based on an account of the macroeconomic foundations and political economy underpinning European Monetary Union, this paper presents a simple dynamic model of the mutual reinforcement feedback between (i) the Eurozone's contagion dynamic and (ii) the policy responses of the European Union, including the creation of new institutions (e.g. the European Financial Stability Facility, EFSF, and European Stability Mechanism, ESM), the signing of new treaties (e.g. the Fiscal Past) and, of course, the novel' policies of existing institutions (e.g. the ECB).
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