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Financial Crises and the Politics of Macroeconomic Adjustments - Walter, Stefanie (Chair for International Relations and Political Economy, Universitat Heidelberg)

This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument.

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