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Institutional trust and economic policy Lessons – Lessons from the history of the Euro
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Institutional trust and economic policy Lessons – Lessons from the history of the Euro : Lessons from the history of the Euro

Book Details

Format Hardback or Cased Book
ISBN-10 6155225222
ISBN-13 9786155225222
Publisher Central European University Press
Imprint Central European University Press
Country of Manufacture HU
Country of Publication GB
Publication Date Mar 30th, 2013
Print length 238 Pages
Weight 506 grams
Dimensions 16.50 x 23.50 x 1.90 cms
Ksh 10,100.00
Werezi Extended Catalogue 0 in stock

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Connects theoretical debates about trust's role in economic outcomes with current arguments about the origins and lessons of the subprime crisis, examining the mechanisms by which trust influences economic outcomes and the conditions under which these mechanisms prevail.
The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans.

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