Banking Systems in the Crisis

The Faces of Liberal Capitalism

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Finance
Cover of the book Banking Systems in the Crisis by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781136214387
Publisher: Taylor and Francis Publication: November 27, 2012
Imprint: Routledge Language: English
Author:
ISBN: 9781136214387
Publisher: Taylor and Francis
Publication: November 27, 2012
Imprint: Routledge
Language: English

The 2008 financial crisis has severely shaken confidence in liberal economic theory and policy. However, the sharply divergent experiences of the six Anglo-Saxon ‘liberal market economies’ (LMEs) suggest that the reality is not so simple. This book traces the evolution of liberal capitalism, from its rebirth amidst the challenges of the 1970s to its role in the genesis of the 2008 crisis – and debates the assumptions underpinning the liberal capitalist paradigm.

Close examination reveals variety within liberal capitalism. Not only was there the familiar, "hands off" libertarian approach adopted by the US, UK and Ireland, but more bounded, better regulated and apparently more stable varieties of economic liberalism also emerged, through the more pragmatic approach taken by Canada, Australia and New Zealand.

The evidence is compelling. Whereas the American, British and Irish financial systems were severely damaged by the crisis, those of Canada, Australia and New Zealand proved more robust. This volume explores the degree to which these divergent experiences were a result of better and more intensive supervision, differences in business or political culture, broader commitment to social norms, and the pace of liberalisation.

Detailed comparative case studies reveal fundamental differences in the economic and political environments in which economic liberalisation took place, in approaches to finance and in the degree to which it was seen to be an engine for growth. The book concludes that this had a major influence on the evolving economic and financial systems, and consequently, their relative resilience when confronted with the challenges of the 2008 crisis.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The 2008 financial crisis has severely shaken confidence in liberal economic theory and policy. However, the sharply divergent experiences of the six Anglo-Saxon ‘liberal market economies’ (LMEs) suggest that the reality is not so simple. This book traces the evolution of liberal capitalism, from its rebirth amidst the challenges of the 1970s to its role in the genesis of the 2008 crisis – and debates the assumptions underpinning the liberal capitalist paradigm.

Close examination reveals variety within liberal capitalism. Not only was there the familiar, "hands off" libertarian approach adopted by the US, UK and Ireland, but more bounded, better regulated and apparently more stable varieties of economic liberalism also emerged, through the more pragmatic approach taken by Canada, Australia and New Zealand.

The evidence is compelling. Whereas the American, British and Irish financial systems were severely damaged by the crisis, those of Canada, Australia and New Zealand proved more robust. This volume explores the degree to which these divergent experiences were a result of better and more intensive supervision, differences in business or political culture, broader commitment to social norms, and the pace of liberalisation.

Detailed comparative case studies reveal fundamental differences in the economic and political environments in which economic liberalisation took place, in approaches to finance and in the degree to which it was seen to be an engine for growth. The book concludes that this had a major influence on the evolving economic and financial systems, and consequently, their relative resilience when confronted with the challenges of the 2008 crisis.

More books from Taylor and Francis

Cover of the book The Naqshbandiyya by
Cover of the book A Lesson For Us All by
Cover of the book Information Literacy Instruction for Educators by
Cover of the book Rewarding Performance by
Cover of the book Sporting Equality by
Cover of the book Public Opinion, the First Ladyship, and Hillary Rodham Clinton by
Cover of the book Regulating Health and Safety in the British Mining Industries, 1800–1914 by
Cover of the book Field Methods in Archaeology by
Cover of the book City-County Consolidation and Its Alternatives: Reshaping the Local Government Landscape by
Cover of the book Oliver Holden (1765-1844) by
Cover of the book John Stuart Mill by
Cover of the book Assessing Reference and User Services in a Digital Age by
Cover of the book The Empire of Security and the Safety of the People by
Cover of the book Welfare Reform by
Cover of the book Critical Multiculturalism by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy