Banking, Politics and Global Finance: American Commercial Banks and Regulatory Change, 1980-1990 - Rilegato

Reinicke, Wolfgang H.

Rilegato

ISBN 10: 185898176X ISBN 13: 9781858981765

Casa editrice: Edward Elgar Pub, 1995

Riassunto

Banking, Politics and Global Finance presents an innovative, micro-political examination of the US banking system's response to the on-going globalization of financial markets. This approach contrasts sharply with earlier studies which have emphasized the macro-structural aspects of politics through concentrating on elements of stability and consistency in the policy responses by advanced industrial countries to external economic pressures.
By micro-political analysis of policy making, this book reveals a multitude of changes in the interests, coalitions and power constellations among private and public sector actors and institutions in the US financial system, in the absence of any macrostructural adjustment. These changes have opened alternative channels for policy making leading to substantial adjustments in the regulatory framework governing US financial markets by circumventing traditional mechanisms for policy making. Using detailed discussion of both the unsuccessful attempts to repeal the law that separates commercial from investment banking - the Glass-Steagall Act - and the successful raising of the capital standards of US commercial banks, Dr Reinicke's book also explains why the same policy network can respond very differently to an external economic challenge, a phenomenon usually neglected in the literature on comparative political economy.

Su questo libro

L'autore:

Wolfgang Reinicke is a Research Associate in the Foreign Policy Studies Program at the Brookings Institution, Washington DC, US.

Su questa edizione

• Editore: Edward Elgar Pub
• Data di pubblicazione: 1995
• ISBN 10: 185898176X
• ISBN 13: 9781858981765
• Rilegatura: Copertina rigida
• Numero di pagine: 256