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Introduction: EU and US Responses to the Financial Crisis

Published online by Cambridge University Press:  01 January 2026

Martin Rhodes
Martin Rhodes*
Affiliation:
Josef Korbel School of International Studies, University of Denver, 2201 South Gaylord Street, Denver, Colorado 80208, USA
*
E-mail: Martin.Rhodes@du.edu
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Abstract

The financial crisis has generated contrasting policy responses to the financial crisis in the EU and US, the significance of which is discussed by the contributors to this Debate. In the US, the regulatory response involves a partial reversal (although too limited for its critics) of deregulation in the 1980s–1990s. In the EU, the transformation of a banking crisis into a sovereign debt crisis has led to a major shift in political and economic management, including a reinforcement of regulatory capacity and a potentially substantial shift towards ‘economic government’ in the eurozone.

Keywords

European UnionUnited Statesbanking crisissovereign debt crisis

Information

Type
Debate
Information
European Political Science , Volume 10 , Issue 3 , September 2011 , pp. 359 - 365
Copyright
Copyright © 2011 European Consortium for Political Research

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