Money makes the world go round – On European financial power relations and the reemergence of Neorealism's explanatory power in analyzing the management of the European debt crisis
(2015) SIMV07 20151Department of Political Science
Master of Science in Global Studies
Graduate School
- Abstract
- This thesis provides an analysis of the Eurozone‟s crisis management during the European debt crisis from a Neorealist perspective. It assesses the explanatory power of Neorealism for the counter-measures taken in response to the European debt crisis. The main argument is that in times of crisis, the member states of the European Union may fall back to Neorealist behavior, despite any integrating efforts made under non-crisis conditions. The thesis combines quantitative and qualitative analysis with the quantitative part descriptively assessing the financial power relations within the Eurozone and the qualitative part providing evidence for a crisis management congruent with Neorealist predictions. It is shown that the two financially most... (More)
- This thesis provides an analysis of the Eurozone‟s crisis management during the European debt crisis from a Neorealist perspective. It assesses the explanatory power of Neorealism for the counter-measures taken in response to the European debt crisis. The main argument is that in times of crisis, the member states of the European Union may fall back to Neorealist behavior, despite any integrating efforts made under non-crisis conditions. The thesis combines quantitative and qualitative analysis with the quantitative part descriptively assessing the financial power relations within the Eurozone and the qualitative part providing evidence for a crisis management congruent with Neorealist predictions. It is shown that the two financially most powerful states during the European debt crisis, Germany and France, decisively shaped the implementation of the EFSF, the ESM, and the European Fiscal Compact. Furthermore, evidence is given that those three counter-measures were implemented outside of the European Union legal framework and designed after intergovernmental premises. The thesis thus concludes that the three most important counter-measures to the European debt crisis can be explained and analyzed through the theory of Neorealism. (Less)
- Popular Abstract
- This thesis provides an analysis of the Eurozone‟s crisis management during the European debt crisis from a Neorealist perspective. It assesses the explanatory power of Neorealism for the counter-measures taken in response to the European debt crisis. The main argument is that in times of crisis, the member states of the European Union may fall back to Neorealist behavior, despite any integrating efforts made under non-crisis conditions. The thesis combines quantitative and qualitative analysis with the quantitative part descriptively assessing the financial power relations within the Eurozone and the qualitative part providing evidence for a crisis management congruent with Neorealist predictions. It is shown that the two financially most... (More)
- This thesis provides an analysis of the Eurozone‟s crisis management during the European debt crisis from a Neorealist perspective. It assesses the explanatory power of Neorealism for the counter-measures taken in response to the European debt crisis. The main argument is that in times of crisis, the member states of the European Union may fall back to Neorealist behavior, despite any integrating efforts made under non-crisis conditions. The thesis combines quantitative and qualitative analysis with the quantitative part descriptively assessing the financial power relations within the Eurozone and the qualitative part providing evidence for a crisis management congruent with Neorealist predictions. It is shown that the two financially most powerful states during the European debt crisis, Germany and France, decisively shaped the implementation of the EFSF, the ESM, and the European Fiscal Compact. Furthermore, evidence is given that those three counter-measures were implemented outside of the European Union legal framework and designed after intergovernmental premises. The thesis thus concludes that the three most important counter-measures to the European debt crisis can be explained and analyzed through the theory of Neorealism. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/7765665
- author
- Hemmerath, Fabian LU
- supervisor
- organization
- course
- SIMV07 20151
- year
- 2015
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Eurozone, crisis management, European debt crisis, financial state power, Neorealism
- language
- English
- id
- 7765665
- date added to LUP
- 2015-08-31 14:16:34
- date last changed
- 2015-08-31 14:16:34
@misc{7765665, abstract = {{This thesis provides an analysis of the Eurozone‟s crisis management during the European debt crisis from a Neorealist perspective. It assesses the explanatory power of Neorealism for the counter-measures taken in response to the European debt crisis. The main argument is that in times of crisis, the member states of the European Union may fall back to Neorealist behavior, despite any integrating efforts made under non-crisis conditions. The thesis combines quantitative and qualitative analysis with the quantitative part descriptively assessing the financial power relations within the Eurozone and the qualitative part providing evidence for a crisis management congruent with Neorealist predictions. It is shown that the two financially most powerful states during the European debt crisis, Germany and France, decisively shaped the implementation of the EFSF, the ESM, and the European Fiscal Compact. Furthermore, evidence is given that those three counter-measures were implemented outside of the European Union legal framework and designed after intergovernmental premises. The thesis thus concludes that the three most important counter-measures to the European debt crisis can be explained and analyzed through the theory of Neorealism.}}, author = {{Hemmerath, Fabian}}, language = {{eng}}, note = {{Student Paper}}, title = {{Money makes the world go round – On European financial power relations and the reemergence of Neorealism's explanatory power in analyzing the management of the European debt crisis}}, year = {{2015}}, }