Manuela Moschella - Böcker

Combining the key theoretical and empirical approaches of political economy and EU scholarship, this textbook is key reading for studying the European political economy. Drawing on theoretical debates and recent policy case studies, a team of expert editors and contributors help students apply theories and methods to real life issues in European political economy. This textbook offers a clear analysis of some of the most pressing challenges confronting Europe, such as the political impact of rising inequality, the functioning and the effects of Economic and Monetary Union, the future of the 'European' social model, the ongoing impact of Brexit, Europe's role in a changing global economy, and Europe's response to the Covid-19 pandemic. Key features: - Delivers a research-informed, yet reader friendly textbook on European Political Economy. - Establishes 4 key theoretical and methodological approaches, giving students the conceptual tools needed to examine the dynamic interactions between politics and economics in Europe.- Covers substantive issues in European Political Economy, including monetary and financial integration, welfare and labour, trade and development, migration, health and inequality, globalisation, and the environment.- Supports students' learning with 'key debate' boxes and case studies, helping students to apply theories and methods to real life issues.Digital formats and resources European Political Economy is available for students and institutions to purchase in a variety of formats. The e-book offers a mobile experience and convenient access along with links to further reading and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks

In Unexpected Revolutionaries, Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present. Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial crisis and the 2020 COVID-19 crisis, central banks have upended observer expectations by implementing largely unknown and unconventional monetary policies. Far from abiding by well-established policy playbooks, central banks now engage in practices such as providing liquidity support for a wide range of financial institutions and quantitative easing. They have even stretched the remit of monetary policy into issues such as inequality and climate change. Moschella argues that the political nature of central banks lies at the heart of these transformations. While formally independent, central banks need political support to justify their policies and powers, and to obtain it, they carefully manage their reputation among their audienceselected officials, market actors, and citizens. Challenged by reputational threats brought about by twenty-first-century recessionary and deflationary forces, central banks such as the Federal Reserve System and the European Central Bank strategically deviated from orthodox monetary policies to preempt or manage political backlash and to regain public trust. Central banks thus evolved into a new role only in coordination with fiscal authorities and on the back of public contestation. Eye-opening and insightful, Unexpected Revolutionaries is necessary reading for discussions on the future of the neoliberal macroeconomic regime, the democratic oversight of monetary policymaking, and the role that central banks canor cannotplay in our domestic economies.

Since mid-2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system.This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes:Governance: What is governance in the international economic system? What formsdoes it take? How did it come about? How can we study it?;Functions of governance: What are the functions of global economic governance? Whoperforms them? What are the rules and mechanisms that make global governancepossible?Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis?This book will:Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy;illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform;discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.