Money and Banks in the American Political System
Book Details
Format
Paperback / Softback
ISBN-10
110760916X
ISBN-13
9781107609167
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 14th, 2013
Print length
324 Pages
Weight
434 grams
Dimensions
22.80 x 15.30 x 1.80 cms
Product Classification:
United States of America, USAPolitical economy
Ksh 5,950.00
Manufactured on Demand
0 in stock
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Lavelle argues that political sources of instability in finance derive from the intersection of 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 power concentration in one political or economic institution.
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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