cam a22 4500 551382139 CHVBK 20201014104557.0 m d cr |n |||||||| 131025s2014 nyua sb 001 0 eng d 2013042835 978-0-8014-5235-2 (cloth : alk. paper) (SERSOL)ssj0001196020 (WaSeSS)ssj0001196020 NIC/DLC eng NIC DLC WaSeSS rda HG1725 .W654 2014 332.1 23 Woll Cornelia author The power of inaction bank bailouts in comparison Cornelia Woll Ithaca Cornell University Press 2014 1 online resource (xii, 211 pages) illustrations text txt rdacontent/eng computer c rdamedia/eng online resource cr rdacarrier/eng Cornell studies in political economy Includes bibliographical references and index. 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. Lizenzbedingungen können den Zugang einschränken. License restrictions may limit access. "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"-- Bank failures Government policy Bailouts (Government policy) https://www.degruyter.com/openurl?genre=book&isbn=9780801471155 Uni Basel: Volltext https://ebookcentral.proquest.com/lib/unibern/detail.action?docID=3138596 Uni Bern: Volltext https://www.degruyter.com/openurl?genre=book&isbn=9780801471155 Uni Bern: Volltext BK020053 XK020053 XK020000 De Gruyter PDA SSH eBooks De Gruyter PDA STM eBooks E-Books von 360MarcUpdates Ebook Central All Subscribed Titles PDA Package: All eBook Content, incl. OWV/AV PDA5EBK IDSBB A145 A145 145VT IDSBB B405 B405 405VT NELB4052004 IDSBB B405 B405 405VT NELB4052004 IDSBB 100 1- Woll Cornelia author IDSBB 490 0- Cornell studies in political economy IDSBB 856 40 https://www.degruyter.com/openurl?genre=book&isbn=9780801471155 Uni Basel: Volltext IDSBB 856 40 https://ebookcentral.proquest.com/lib/unibern/detail.action?docID=3138596 Uni Bern: Volltext IDSBB 856 40 https://www.degruyter.com/openurl?genre=book&isbn=9780801471155 Uni Bern: Volltext SWISSBIB 330587617