Constitutions in Times of Financial Crisis

Author: Tom Ginsburg; Mark D. Rosen; Georg Vanberg
Publisher: Cambridge University Press
ISBN: 9781108729208

Published In: June 2022
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only
Hardback Edition ISBN: 9781108492294

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Description
Contents

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Many constitutions include provisions intended to limit the discretion of governments in economic policy. In times of financial crises, such provisions often come under pressure as a result of calls for exceptional responses to crisis situations. This volume assesses the ability of constitutional orders all over the world to cope with financial crises, and the demands for emergency powers that typically accompany them. Bringing together a variety of perspectives from legal scholars, economists, and political scientists, this volume traces the long-run implications of financial crises for constitutional order. In exploring the theoretical and practical problems raised by the constitutionalization of economic policy during times of severe crisis, this volume showcases an array of constitutional design options and the ways they channel governmental responses to emergency.

1. Introduction

Tom Ginsburg, Mark Rosen and Georg Vanberg

Part I. The Role of Constitutions in Dealing with Crises:

2. Financial emergencies

John Ferejohn

3. Rule-of-law objections to the lender of last resort

Eric A. Posner

4. Balanced budget provisions in constitutions

Tom Ginsburg

5. Legislatures and constitutions in times of severe financial crisis

Mark D. Rosen

Part II. Courts and Crises: