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Item Details
| Title:
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CURBING BAILOUTS
BANK CRISES AND DEMOCRATIC ACCOUNTABILITY IN COMPARATIVE PERSPECTIVE |
| By: |
Guillermo Rosas |
| Format: |
Hardback |
| List price:
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£60.95 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0472117130 |
| ISBN 13: |
9780472117130 |
| Publisher: |
THE UNIVERSITY OF MICHIGAN PRESS |
| Pub. date: |
11 August, 2009 |
| Series: |
New Comparative Politics |
| Pages: |
224 |
| Description: |
Do democratic governments and authoritarian regimes respond to banking crises in the same way? Banking crises threaten the stability and growth of economies around the world. This title presents a comparative analysis of late 20th-century banking crises and identifies political regime type as the determining factor. |
| Synopsis: |
Do democratic governments and authoritarian regimes respond to banking crises in the same way? Banking crises threaten the stability and growth of economies around the world. In response, politicians restore banks to solvency by redistributing losses from bank shareholders and depositors to taxpayers. Whereas some governments stay close to the prescriptions espoused by Sir Walter Bagehot in the 19th century that limit the costs shouldered by taxpayers, others engage in generous bank bailouts at great cost to society. In this comparative analysis of late 20th-century banking crises, Guillermo Rosas identifies political regime type as the determining factor. Compared with authoritarian regimes, democratic regimes show a lower propensity toward dramatic, costly bailouts. |
| Illustrations: |
18 line art illustrations, 25 tables |
| Publication: |
US |
| Imprint: |
The University of Michigan Press |
| Returns: |
Returnable |
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