Cargando…

The Power of Inaction : Bank Bailouts in Comparison /

"Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the...

Descripción completa

Detalles Bibliográficos
Autor principal: Woll, Cornelia (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Ithaca : Cornell University Press, [2014]
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a22000004a 4500
001 musev2_57590
003 MdBmJHUP
005 20230905045917.0
006 m o d
007 cr||||||||nn|n
008 140428t20142014nyu o 00 0 eng d
020 |a 9780801471155 
020 |z 9780801452352 
020 |z 9780801471148 
035 |a (OCoLC)1080550421 
040 |a MdBmJHUP  |c MdBmJHUP 
100 1 |a Woll, Cornelia,  |e author. 
245 1 4 |a The Power of Inaction :   |b Bank Bailouts in Comparison /   |c Cornelia Woll. 
264 1 |a Ithaca :  |b Cornell University Press,  |c [2014] 
264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2019 
264 4 |c ©[2014] 
300 |a 1 online resource (224 pages):   |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 0 |a Cornell studies in political economy 
505 0 |a Crisis management across the world -- The power of collective inaction -- From theory to practice -- The United States and the United Kingdom -- France and Germany -- Ireland and Denmark -- Lessons learned. 
520 |a "Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm's length. Such differences are often ascribed to one of two conditions: either the state is strong and can impose terms, or the state is weak and corrupted by industry lobbying. Woll presents a third option, where the inaction of the financial sector critically shapes the design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those settings where they could avoid a joint response and force national policymakers to deal with banks on a piecemeal basis. The power to remain collectively inactive, she argues, has had important consequences for bailout arrangements and ultimately affected how the public and private sectors have shared the cost burden of these massive policy decisions"--  |c Publisher's Web site 
546 |a In English. 
588 |a Description based on print version record. 
650 7 |a Internationaler Vergleich  |2 gnd 
650 7 |a Bail-out  |g Wirtschaft  |2 gnd 
650 7 |a Wirtschaftspolitik  |2 gnd 
650 7 |a Bankpolitik  |2 gnd 
650 7 |a Finanzkrise  |2 gnd 
650 7 |a Bankenkrise  |2 gnd 
650 7 |a Bank failures  |x Government policy.  |2 fast  |0 (OCoLC)fst00826662 
650 7 |a Bailouts (Government policy)  |2 fast  |0 (OCoLC)fst01776826 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 6 |a Renflouement (Finances) 
650 6 |a Banques  |x Faillites  |x Politique gouvernementale. 
650 0 |a Bailouts (Government policy) 
650 0 |a Bank failures  |x Government policy. 
655 7 |a Electronic books.   |2 local 
710 2 |a Project Muse.  |e distributor 
830 0 |a Book collections on Project MUSE. 
856 4 0 |z Texto completo  |u https://projectmuse.uam.elogim.com/book/57590/ 
945 |a Project MUSE - Custom Collection 
945 |a Project MUSE - Archive Complete Supplement VII 
945 |a Project MUSE - Archive Political Science and Policy Studies Supplement VII