The Power of Inaction : : Bank Bailouts in Comparison / / Cornelia Woll.
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 varyin...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2014] ©2014 |
Year of Publication: | 2014 |
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Woll, Cornelia, author. aut http://id.loc.gov/vocabulary/relators/aut The Power of Inaction : Bank Bailouts in Comparison / Cornelia Woll. Ithaca, NY : Cornell University Press, [2014] ©2014 1 online resource (224 p.) : 7 tables, 6 charts text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Political Economy Frontmatter -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7. Ireland and Denmark -- 8. Lessons Learned -- Acknowledgments -- Appendix: List of Interviews -- Bibliography -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024) Bailouts (Government policy). Bank failures Government policy. General Economics. Political Science & Political History. POLITICAL SCIENCE / Political Economy. bisacsh banking sector crises, political economy analysis, lehman brothers collapse, great recession, global finance sector, politics and global economics, bailout packages, policy decisions. Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2014-2015 9783110606744 https://doi.org/10.7591/9780801471155 https://www.degruyter.com/isbn/9780801471155 Cover https://www.degruyter.com/document/cover/isbn/9780801471155/original |
language |
English |
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eBook |
author |
Woll, Cornelia, Woll, Cornelia, |
spellingShingle |
Woll, Cornelia, Woll, Cornelia, The Power of Inaction : Bank Bailouts in Comparison / Cornell Studies in Political Economy Frontmatter -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7. Ireland and Denmark -- 8. Lessons Learned -- Acknowledgments -- Appendix: List of Interviews -- Bibliography -- Index |
author_facet |
Woll, Cornelia, Woll, Cornelia, |
author_variant |
c w cw c w cw |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Woll, Cornelia, |
title |
The Power of Inaction : Bank Bailouts in Comparison / |
title_sub |
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_auth |
The Power of Inaction : Bank Bailouts in Comparison / |
title_alt |
Frontmatter -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7. Ireland and Denmark -- 8. Lessons Learned -- Acknowledgments -- Appendix: List of Interviews -- Bibliography -- Index |
title_new |
The Power of Inaction : |
title_sort |
the power of inaction : bank bailouts in comparison / |
series |
Cornell Studies in Political Economy |
series2 |
Cornell Studies in Political Economy |
publisher |
Cornell University Press, |
publishDate |
2014 |
physical |
1 online resource (224 p.) : 7 tables, 6 charts |
contents |
Frontmatter -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7. Ireland and Denmark -- 8. Lessons Learned -- Acknowledgments -- Appendix: List of Interviews -- Bibliography -- Index |
isbn |
9780801471155 9783110606744 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG1725 |
callnumber-sort |
HG 41725 W654 42016 |
url |
https://doi.org/10.7591/9780801471155 https://www.degruyter.com/isbn/9780801471155 https://www.degruyter.com/document/cover/isbn/9780801471155/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.1 |
dewey-sort |
3332.1 |
dewey-raw |
332.1 |
dewey-search |
332.1 |
doi_str_mv |
10.7591/9780801471155 |
oclc_num |
878834371 |
work_keys_str_mv |
AT wollcornelia thepowerofinactionbankbailoutsincomparison AT wollcornelia powerofinactionbankbailoutsincomparison |
status_str |
n |
ids_txt_mv |
(DE-B1597)478331 (OCoLC)878834371 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2014-2015 |
is_hierarchy_title |
The Power of Inaction : Bank Bailouts in Comparison / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2014-2015 |
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