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Money and Banks in the American Political System

by
ISBN13:

9781107609167

ISBN10:
110760916X
Format:
Paperback
Pub. Date:
2/28/2013
Publisher(s):
Cambridge Univ Pr
List Price: $29.99

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What version or edition is this?
This is the edition with a publication date of 2/28/2013.
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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

Summary

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.


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