Saving the Market from Itself: The Politics of Financial Intervention

by Christopher Mitchell

Overview

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.

Product Details

ISBN-13:	9781107159235
Publisher:	Cambridge University Press
Publication date:	12/01/2016
Pages:	258
Product dimensions:	6.22(w) x 9.25(h) x 0.71(d)

About the Author

Christopher Mitchell is a Visiting Assistant Professor of International Affairs and Director of the International Trade and Investment Policy program at George Washington University, Washington DC.

Table of Contents

1. Introduction; 2. A theory of responses to financial crises; 3. Germany and the 2007–9 crisis; 4. The United Kingdom and the 2007–9 crisis; 5. The United States; 6. Conclusion; References; Appendix; Index.