Owing to its strong dependence on exports, Germany was among the economies hit hardest
by the financial crisis. But unlike almost all other countries, Germany emerged from the crisis …

The dominant view, both on the mainstream right and on the left, holds that the Eurozone
crisis is a crisis of labour-cost competitiveness—with trade imbalances (and hence foreign …

We investigate the link between real exchange rates and sectoral TFP for eurozone
countries. We show that real exchange rate variation, both cross-country and time-series …

This article proposes the concept of variegated capitalism as an alternative to the
mainstream study of comparative capitalism. It illustrates its plausibility and potential by …

This chapter critiques world system theory and early work on varieties of capitalism and
proposes an alternative account that 'sublates' both approaches. 1 Specifically, drawing on …

Our socio–economic innovation ecosystem is riddled with ever-increasing complexity, as we
are faced with more frequent and intense shocks, such as COVID-19. Unfortunately …

The aim of this article is to develop a consistent theoretical approach to the financial links
between the so-called debt-led (DLG) and 'export-led'(XLG) growth regimes. Assuming the …

Over the past two decades, international trade has become a privileged engine of growth for
much of the developing world. With the global economy evolving continuously and rapidly …

After focusing on fiscal indiscipline, the debate on the Eurozone crisis switched over
persistent external imbalances among the European Monetary Union countries. Current …

We investigate the link between real exchange rates and sectoral total factor productivity
measures for countries in the Eurozone. We show that real exchange rate variation, both in …