This book provides an original and timely insight into the role that the domestic and international political economy played in the Eurozone sovereign debt crisis, combining an innovative theoretical framework with in-depth bond market analysis.

PART I: SOVEREIGN RISK, POLITICS AND THE EUROZONE CRISISi. Introduction1. Sovereign Risk, Developed Democracies and Financial Crisis2. Sovereign Risk and the Debt Crisis in the Eurozone3. The Focus of the Book4. The Approach in the Book5. Outline of the BookPART II: BOND SPREADS, EMU DESIGN AND THE RUN-UP TO THE CRISIS1. Introduction2. Adaptive Markets and Sovereign Risk Models3. The Political Sources of Sovereign Credibility in Financial Markets4. International Influences on Sovereign Risk Perceptions5. Theoretical PillarsPART III: BOND SPREADS, EMU DESIGN AND THE RUN-UP TO THE CRISISi. Introduction1. Government Bond Spreads and EMU Design2. Greece and Ireland: The Macro and Political Economy3. Politics and Spreads Before 2008PART IV: THE GREEK SOVEREIGN DEBT CRISIS1. Introduction2. Evolving Investment Analysis and the Greek Sovereign Debt Crisis3. Domestic Political Economy of the Greek Sovereign Debt Crisis4. International Political Economy of the Greek Sovereign Debt Crisis5. Key results from the Greek Case StudyPART V: THE IRISH SOVEREIGN DEBT CRISIS1. Introduction2. Evolving Investment Analysis and the Irish Sovereign Debt Crisis3. Domestic Political Economy of the Irish Sovereign Debt Crisis4. International Political Economy of the Irish Sovereign Debt Crisis5. Key results from the Irish Case StudyPART VI: THE IPE OF THE EUROZONE SOVEREIGN DEBT CRISIS1. Introduction2. Lessons from the Greek and Irish Cases3. Application to other Eurozone Sovereigns4. Next Steps in IPE Research5. Implications for Policy6. Final Remarks