"The narrow focus on net flows overemphasizes the causal role of banks in surplus countries like Germany, which distracts from domestic financial and housing policies that peripheral countries could use to prevent speculative financial dynamics." https://t
In our June issue, Karsten Kohler argues that comparative political economy should dedicate more attention to institutions that render peripheral countries susceptible to speculative flows into asset markets. https://t.co/jjuhehP8DM
The narrow focus on net flows overemphasizes the causal role of banks in surplus countries like Germany, which distracts from domestic financial and housing policies that peripheral countries could use to prevent speculative financial dynamics." https://t.
RT @syllabus_tweets: .@KarstenKohler2 looks at capital flows and the Eurozone's North-South divide from a monetary perspective. He argues t…