Coverart for item
The Resource The power of inaction : bank bailouts in comparison, Cornelia Woll

The power of inaction : bank bailouts in comparison, Cornelia Woll

Label
The power of inaction : bank bailouts in comparison
Title
The power of inaction
Title remainder
bank bailouts in comparison
Statement of responsibility
Cornelia Woll
Creator
Author
Subject
Genre
Language
eng
Summary
"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"--
Member of
Assigning source
Publisher's Web site
Cataloging source
YDXCP
http://library.link/vocab/creatorName
Woll, Cornelia
Illustrations
illustrations
Index
index present
Language note
In English
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Cornell studies in political economy
http://library.link/vocab/subjectName
  • Bank failures
  • Bailouts (Government policy)
  • BUSINESS & ECONOMICS
  • Bailouts (Government policy)
  • Bank failures
  • Bankenkrise
  • Finanzkrise
  • Bankpolitik
  • Wirtschaftspolitik
  • Bail-out
  • Internationaler Vergleich
Label
The power of inaction : bank bailouts in comparison, Cornelia Woll
Instantiates
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
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
Control code
ocn878834371
Dimensions
unknown
Extent
1 online resource (xii, 211 pages)
File format
unknown
Form of item
online
Isbn
9780801471155
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other control number
  • 40023555252
  • 10.7591/9780801471155
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctt592vpr
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)878834371
Label
The power of inaction : bank bailouts in comparison, Cornelia Woll
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
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
Control code
ocn878834371
Dimensions
unknown
Extent
1 online resource (xii, 211 pages)
File format
unknown
Form of item
online
Isbn
9780801471155
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Note
JSTOR
Other control number
  • 40023555252
  • 10.7591/9780801471155
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
22573/ctt592vpr
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)878834371

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