Eurobonds versus Coronabonds: Same Idea, New Context, Different Outcome?

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Gregory W. Fuller

Since the outbreak of the SARS-CoV-2 pandemic, the European Union has taken tentative steps toward the issuance of joint debt. This progress is significant but puzzling: the technical value of such instruments has never been in doubt; however, the political will to move forward has always been lacking. What changed? This short article argues that contemporary political economy research points us toward the role of ideas and identity in explaining this shift.

2011 ◽  
Vol 37 (4) ◽  
pp. 401-412 ◽  
Author(s):  
Albena Azmanova

This is an inquiry into the economic psychology of trust: that is, what model of the political economy of complex liberal democracies is conducive to attitudes that allow difference to be perceived in the terms of ‘significant other’, rather than as a menacing or an irrelevant stranger. As a test case of prevailing perceptions of otherness in European societies, I examine attitudes towards Turkey’s accession to the European Union.


2013 ◽  
Vol 8 (3) ◽  
pp. 244-284 ◽  
Author(s):  
Giulia Meloni ◽  
Johan Swinnen

AbstractThe wine market in the European Union is heavily regulated. Despite the many distortions in the wine market as a consequence, reforming the regulations has proven difficult. This paper analyzes the political economy mechanism that created existing wine regulations. We document the historical origins of the regulations and relate these to political pressures that resulted from international integration, technological innovations, and economic developments. (JEL Classifications: K23, L51, N44, N54, Q13)


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