1.

Record Nr.

UNINA9910154786003321

Autore

Mitchell Christopher (Political scientist)

Titolo

Saving the market from itself : the politics of financial intervention / / Christopher Mitchell, George Washington University, Washington, DC

Pubbl/distr/stampa

Cambridge : , : Cambridge University Press, , 2016

ISBN

1-108-10602-1

1-108-11011-8

1-108-11079-7

1-316-67137-2

1-108-11147-5

1-108-11487-3

1-108-11215-3

Descrizione fisica

1 online resource (xii, 244 pages) : digital, PDF file(s)

Disciplina

339.5

Soggetti

Financial crises - Government policy

Monetary policy

Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from publisher's bibliographic system (viewed on 31 Jan 2017).

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- A theory of responses to financial crises -- Germany and the 2007-2009 crisis -- The United Kingdom and the 2007-2009 crisis -- The United States -- Conclusion.

Sommario/riassunto

The 2007-9 financial crisis threatened economic disaster on a scale not seen since the Great Depression, but rapid state action prevented the widely feared devastation. The German response was considerably more generous to banks than the American or British bailouts. Drawing on interviews and primary sources in government, private firms, and media, Mitchell explains how the structure of national financial systems and interbank relationships produced extensive private rescues and pressure on different states. Mitchell explores the different responses and results in Germany, the UK and the US using a combination of detailed case study analyses of the three countries' responses to the crisis and a quantitative analysis of patterns of state responses to



financial crises. This book will be essential reading for scholars and advanced students of political economy, comparative politics, economic sociology, economics, and public policy.