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Architects of Austerity
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Architects of Austerity: International Finance and the Politics of Growth

Aaron Major

Abstract

Why have governments across Western Europe and North America turned to austerity in the wake of the global economic crisis of 2008? This book argues that this turn to austerity, and the resilience of neoliberal economic policies more generally, stems from the growing influence of state monetary agencies—central banks and treasuries—in the management of the global economy. Through a close analysis of historical documents, this book focuses on the critical decade of the 1960s when the acceleration of global financial transactions overwhelmed the existing institutions of international monetary ma ... More

Keywords: globalization, international finance, neoliberalism, austerity, central banks, policy diffusion

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780804788342
Published to Stanford Scholarship Online: September 2014 DOI:10.11126/stanford/9780804788342.001.0001

Authors

Affiliations are at time of print publication.

Aaron Major, author