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Saving the Market from Itself - The Politics of Financial Intervention (Hardcover)
Loot Price: R2,821
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Saving the Market from Itself - The Politics of Financial Intervention (Hardcover)
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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.
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