Greece's New Political Economy traces the course of Greece from a postwar developmental state to its current participation in the Euro-zone. Taking an innovative comparative approach, George Pagoulatos examines the political economy of financial interventionism and liberalization, banking politics, relations between the government and central bank, the winners and losers of financial reform, the effects of globalization and EMU and the implications of the new economic role of the state. This book will be an indispensable reference work for anyone seeking to understand the Greek political economy in the light of major contemporary debates.

GEORGE PAGOULATOS holds degrees in law, sociology and politics from the University of Athens and the University of Oxford, where he was a Rhodes scholar. He was a postdoctoral fellow of Princeton University and is now Assistant Professor of Politics at the Athens University of Economics and Business.

Introduction: The Importance of Finance and the Origins of Developmentalism Regime Dependencies and the Political Economy of Postwar Economic Policies Policy Paradigms, Financial Intervention and the Limits of Developmentalism Crisis and Transition: Regime Change, Democratization and the Decline of Developmentalism Central Bank, Government and the Politics of Financial Liberalization Banks and Socioeconomic Interests: Winners and Losers of Financial Reform The New Political Economy of Financial Integration, Globalization and the EMU State, Finance and Growth: Beyond the New Political Economy