This special issue has two main aims: to examine the contribution ofpolitical economy analyses of the sovereign debt crisis and to relate thesefindings to longstanding debates in the sub-disciplines of comparativepolitical economy, international political economy and European economicgovernance. This introduction begins by reviewing the comparativepolitical economy literature on national financial systems in order toaccount for the playing out of the crisis. It then examines the internationalpolitical economy literature on the International Monetary Fund (IMF) andfinancial (sovereign debt) markets that played such a key role in theunfolding of the sovereign debt crisis. Finally, it outlines longstandingacademic debates on the main ’asymmetries’; in European economicgovernance, and provides a critical overview of the three main policy andinstitutional reforms adopted by European Union governments in responseto the crisis.
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