Political and Economic Dynamics of the Eurozone Crisis

James A. Caporaso is a Specialist in international political economy and international relations theory. He is a past president of the International Studies Association (1997-98) and past Chair of the European Union Studies Association (1995-97). In 2003 he received an award for Distinguished International Political Economy Scholar from the International Studies Association. He has published articles in International Studies Quarterly, International Organization, American Political Science Review, Journal of European Public Policy and several other journals. He edited Comparative Political Studies until 2013. He is coauthor with David Levine of Theories of Political Economy. His current research is on political institutions and the financial crisis in comparative perspective.Martin Rhodes has been a Professor at Josef Korbel School of International Studies, University of Denver, since 2006. Between September 2012 and July 2015 he was Associate Dean of the Josef Korbel School. Between 1994 and 2006, he was a Research Fellow, Research Professor and then Professor (after 1998) at the European University Institute in Florence, Italy. He is a co-founder of the journal South European Politics and Society, and co-edited European Political Science, 2001-2006. He has published articles on European Union and comparative European politics and political economy in West European Politics, The European Journal of Political Research, British Journal of Political Science, and the Journal of Common Market Studies, among others.

• 1. Introduction: The Political and Economic Dynamics of the Eurozone Crisis ; 2. 'States Choose but not Under Circumstances of Their Own Making': A New Interpretation of the Integration Debate in Light of the European Financial Crisis ; 3. The Euro's Twin Challenges: Experience and Lessons ; 4. Competitiveness and the European Financial Crisis ; 5. 'United We Fall': The Euro Area's Silent Balance of Payment Crisis in Comparison with Previous Ones ; 6. Searching Under the Lamp-Post: The Evolution of Fiscal Surveillance ; 7. Fiscal Governance and Fiscal Outcomes under EMU before and after the Crisis ; 8. The ECB as a Strategic Actor: Central Banking in a Politically Fragmented Monetary Union ; 9. International in Life, National in Death? Banking Nationalism on the Road to Banking Union ; 10. Free Sailing or Tied to the Mast? The Political Costs of Monetary Adjustment in Iceland, Latvia and Ireland ; 11. New Institutional Dynamics in the European Union