Woodruff, David M. - London School of Economics / European Institute - 2014
destructive effects of markets and vigorous pursuit of policies aimed at austerity and deflation. To explain this paradoxical … prospect of currency panic afforded great political influence to bankers, who used it to push for austerity, deflationary … during panic episodes to push policies and institutional changes promoting austerity and deflation. Germany’s Ordoliberalism …