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Government responses to the 2008 financial crisis : the nature of the solution: case the Netherlands, Germany and the United Kingdom

Steen, Margit Agneta (2009) Government responses to the 2008 financial crisis : the nature of the solution: case the Netherlands, Germany and the United Kingdom.

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Abstract:The 2008 financial crisis is the most severe economic crisis in Europe of the post-war era. At the national level, Schmidt’s ideal-typical models of capitalism illustrate government responses to previous economic crises. At the European level, the constructivist’s structure-agency model is used to explain policy changes. In this master thesis, the crisis induced responses of European governments are examined and tested at the national level to Schmidt’s ideal-typical models of capitalism and at the European level to the constructivist’s structure-agency approach. This study will show that at the national level the responses are dominated by ad hoc responses while at the same time member states turn to the European level for a permanent solution. The member states relied on traditional public policy patterns to weather the crisis and resulted in a convergence of expectations at the national level.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics
Programme:European Studies MSc (69303)
Link to this item:http://purl.utwente.nl/essays/60341
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