Germany is an undervaluation regime, a regime that steers economic behavior towards deterioration of the real exchange rate and thereby towards export surpluses. This regime has brought the eurozone to the brink of collapse. But it is much older than the euro. It was established during the...

Despite the ubiquity of illegality in today's financial markets, systematic scrutiny of the phenomenon of financial crime is lacking in the fields of economic sociology and political economy. One field of research in which the illegal behaviors of business elites have long taken center stage is...

This paper provides a historical overview of comparative political economy as an interdisciplinary field of study anchored in political science and focused on advanced capitalist states. We argue that this field of inquiry has reached an impasse and that a more sustained engagement with...

Liberalisierungspolitik bezeichnet die politisch herbeigeführte und politisch legitimierte Delegation von Allokations- und Distributionsentscheidungen an Märkte und zielt auf Durchsetzung der Prinzipien der Eigenverantwortung, der dezentralen Entscheidungsfindung und der Konkurrenz. Viele...

This paper examines the relationship among economic context, political institutions, and the political dynamics of adjustment within national models of capitalism through an analysis of recent labor-market reform in France and Germany. It argues that a climate of economic austerity since the...

This paper investigates how the intergovernmental reform process of European economic governance affected national parliaments' oversight of that policy area. Which parliaments became disempowered and which managed to secure their formal powers – and why? The dependent variable of the study is...