Political foundations of economic credibility: Austria and Switzerland in a comparative perspective

Freitag, Markus (2001). Political foundations of economic credibility: Austria and Switzerland in a comparative perspective. Österreichische Zeitschrift für Politikwissenschaft ÖZP, 30(3), pp. 275-290. Facultas.wuv

Text 1069-1061-1-PB.pdf - Published Version Restricted to registered users only Available under License Publisher holds Copyright. Download (87kB) | Request a copy

This article examines the political foundations of economic credibility in Austria and Switzerland in comparative perspective. Unlike other western democracies these two countries come off very well regarding country risk evaluations from international investors and expert opinions. How can we explain this standing? The contribution starts from the findings of comparative research on credibility, asking to what extent the Austrian and Swiss experiences can be explained in the light of the theories and empirical analyses. The author argues that in a comparative perspective these two countries are characterised by a peculiar accumulation of political foundations of economic credibility. In short, these are an independent central bank, social partnership promoting labor quiescence, consensus democracy, the difficulty of centralised fiscal policy and the continuity of participating in exchange-rate regimes without frequent changes between them.

Interest & Impact

Downloads

1 since deposited on 12 Sep 2022
1 in the past 12 months

Citations

5 Citations in Web of Science ®
6 Citations in Scopus

Search

in Google Scholar™

Services

Actions (login required)

Edit item

Actions (login required)

Edit item