Name: Money and Banks in the American Political System By Kathryn C. Lavelle (Case Western Reserve University, Ohio)
SKU: 9781107028043
Price: 81.93 USD
Availability: InStock

Money and Banks in the American Political System Summary

Money and Banks in the American Political System by Kathryn C. Lavelle (Case Western Reserve University, Ohio)

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.

Money and Banks in the American Political System Reviews

'Why are banks politically powerful in the United States? The novel argument of Lavelle's important book is that banks are powerful because they have allies within the American political system that need banks in order to further their own bureaucratic objectives. For example, the Federal Reserve needs banks to help preserve its independence from the Congress, Congress needs banks to help allocate resources to favored constituents (e.g., homeowners), and financial regulators need banks to help preserve their jurisdictions and budgets. Lavelle's exploration of the bureaucratic politics of financial policy making provides a new understanding of regulation, deregulation, innovation, and crises in American finance.' J. Lawrence Broz, University of California, San Diego
'In this concise volume, Professor Lavelle masterfully dissects and evaluates the politics and institutional drivers of America's evolving banking system. A must-read for political scientists and lawyers alike.' Chris Brummer, Georgetown University
'Lavelle's book usefully illuminates how politically created fragmentation of financial regulation in the United States creates the conditions for recurrent crises. She fills in a huge lacuna in the literature on financial regulation by shifting attention from its effects to its origins and real-world operation in the interaction of Congress and the regulatory agencies.' Herman Schwartz, University of Virginia
'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

About Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Kathryn C. Lavelle is Ellen and Dixon Long Professor of World Affairs in the Department of Political Science at Case Western Reserve University. She is the author of Legislating International Organization: The US Congress, the IMF, and the World Bank (2011) and The Politics of Equity Finance in Emerging Markets (2004). She served as the William A. Steiger fellow in the American Political Science Association's congressional fellowship program, where she worked on the staff of the House Committee on Financial Services.

1. The institutional foundations of financial politics in the United States; Part I. A Historical Background: 2. Developing state capacity for the conduct of American finance; 3. Creating increasingly complex financial products; Part II. The Bureaucratic Politics and Finance: 4. Making financial policy in Congress; 5. Making financial policy in the executive branch and the federal bureaucracy; 6. Making financial policy in the federal reserve system; Part III. The Operation of the Financial Political Economy: 7. The process in motion: political institutions, money, and the business cycle; 8. The process approaches collapse: politics in the financial crisis of 2008; 9. The process in its international context: political in international institutions; Part IV. Conclusions: 10. Governing the US financial system.

Additional information

Sku

CIN1107028043G

ISBN 13

9781107028043

ISBN 10

1107028043

Title

Money and Banks in the American Political System by Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Author

Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Condition

Used - Good

Binding type

Hardback

Publisher

Cambridge University Press

Year published

20130114

Number of pages

330

Prizes

N/A

Cover note

Book picture is for illustrative purposes only, actual binding, cover or edition may vary.

Note

This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in good condition, but if you are not entirely satisfied please get in touch with us

Money and Banks in the American Political System Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Money and Banks in the American Political System by Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Summary

Faster Shipping

Money and Banks in the American Political System Summary

Money and Banks in the American Political System by Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Money and Banks in the American Political System Reviews

About Kathryn C. Lavelle (Case Western Reserve University, Ohio)

Table of Contents

Additional information

Customer Reviews - Money and Banks in the American Political System