02275nam a22003137u 4500001001000000003000400010005001700014008004100031040000800072041000800080084005400088100002100142245010200163260008600265300003100351490004100382520122500423650003301648650002001681650002401701650001801725650002301743650002201766650002101788650003901809700002401848830005401872856003501926pwiiw4100OSt20260518120059.0161220t2016    au ||||| |||| 00| ||eng d  cOSt  aeng  aE00aE02aE61aF02aF22aF42aF45aP16aP172jelc1 aCardinale, Ivano10aExploring Sectoral Conflicts of Interest in the Eurozone: A Structural Political Economy Approach  aWien :bWiener Institut für Internationale Wirtschaftsvergleiche (wiiw),c2016.  a42 S., b5 Figures,c30cm.1 awiiw Essays and Occasional Papersv3  aSummary

This paper develops a ‘structural political economy’ approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised interdependent sectors as being also socio-political groups. In the context of the European integration process, we analyse the overlapping economic and political dimensions of how sectoral interests evolved within and across countries with regard to real exchange rate adjustments and potential debt write-offs. Central to our analysis is the interplay between sectors’ particular interests and their interest in preserving the ‘viability’ of the systems to which they belong (regional, national, supranational). The sectoral perspective developed in this paper complements, enriches and often questions results usually obtained from country-level political economy analyses. In the last section of the paper we show how sectoral and country-level interests are at play within the institutional set-up of a monetary union, and how this can lead to stances in favour of further integration or disintegration. 
  astructural political economy  aeurozone crisis  aexternal imbalances  aexternal debt  asectoral interests  asystemic interest  anationalist bias  achallenges of European integration1 aLandesmann, Michael 0v3wWIIW0000122twiiw Essays and Occasional Papers40uhttps://wiiw.ac.at/p-4100.html