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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Ithaca [u.a.]
Cornell University Press
2014
|
| Ausgabe: | 1. publ. |
| Schriftenreihe: | Cornell studies in political economy
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "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".. |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XII, 211 S. graph. Darst. |
| ISBN: | 9780801452352 |
Internformat
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| 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".. | ||
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Datensatz im Suchindex
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|---|---|
| adam_text | THE POWER OF INACTION
/ WOLL, CORNELIA [AUTHOR.]
: 2014
TABLE OF CONTENTS / INHALTSVERZEICHNIS
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
DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT.
|
| any_adam_object | 1 |
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| dewey-ones | 332 - Financial economics |
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| dewey-search | 332.1 |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
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| id | DE-604.BV041408859 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:56:06Z |
| institution | BVB |
| isbn | 9780801452352 |
| language | English |
| lccn | 013042835 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-026856208 |
| oclc_num | 862041554 |
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| physical | XII, 211 S. graph. Darst. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Cornell University Press |
| record_format | marc |
| series2 | Cornell studies in political economy |
| spelling | Woll, Cornelia 1978- Verfasser (DE-588)129728330 aut The power of inaction bank bailouts in comparison Cornelia Woll 1. publ. Ithaca [u.a.] Cornell University Press 2014 XII, 211 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Cornell studies in political economy Includes bibliographical references and index "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".. Politik Bank failures Government policy Bailouts (Government policy) LoC Fremddatenuebernahme application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026856208&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Woll, Cornelia 1978- The power of inaction bank bailouts in comparison Politik Bank failures Government policy Bailouts (Government policy) |
| title | The power of inaction bank bailouts in comparison |
| title_auth | The power of inaction bank bailouts in comparison |
| title_exact_search | The power of inaction bank bailouts in comparison |
| title_full | The power of inaction bank bailouts in comparison Cornelia Woll |
| title_fullStr | The power of inaction bank bailouts in comparison Cornelia Woll |
| title_full_unstemmed | The power of inaction bank bailouts in comparison Cornelia Woll |
| title_short | The power of inaction |
| title_sort | the power of inaction bank bailouts in comparison |
| title_sub | bank bailouts in comparison |
| topic | Politik Bank failures Government policy Bailouts (Government policy) |
| topic_facet | Politik Bank failures Government policy Bailouts (Government policy) |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026856208&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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