Money and Banks in the American Political System

Money and Banks in the American Political System

List price: US$194.99

Currently unavailable

We can notify you when this item is back in stock

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

In Money and Banks in the American Political System, debates over financial politics are woven into the political fabric of the state and contemporary conceptions of the American dream. The author argues that the political sources of instability in finance derive from the nexus between market innovation and regulatory arbitrage. This book explores monetary, fiscal, and regulatory policies within a political culture characterized by the separation of business and state, and mistrust of the concentration of power in any one political or economic institution. The bureaucratic arrangements among the branches of government, the Federal Reserve, executive agencies, and government sponsored enterprises incentivize agencies to compete for budgets, resources, governing authority, and personnel.show more

Product details

  • Undefined | 330 pages
  • CAMBRIDGE UNIVERSITY PRESS
  • United States
  • English
  • 1139840401
  • 9781139840408

Review quote

"The financial crisis that began in 2008 remains the subject of heated arguments regarding its causes This new book, grounded in relevant historical developments and guided by a helpful understanding of bureaucratic politics and the distinctive nature of US governments and guided by a helpful understanding of bureaucratic politics and the distinctive nature of US government, brings a refreshingly balanced perspective to the problem. it sheds light on the most basic causes of US financial instability. Summing up: recommended. Upper-division undergraduate, graduate, research, and professional collections." M. E. Ethridge, Choice"show more