[en] Saving the Banks : The Political Economy of Bailouts
Type de document
Auteur(s)
Instance
SCIENCESPO
Est une partie de
Mots clés en
Humanities and Social Sciences/Economics and Finance
Humanities and Social Sciences/Political science
financial crisis
banking
lobbying
United Kingdom
Ireland
France
Denmark
Mots clés fr
Date de publication
Langue du document
Anglais
Editeur
SAGE Publications
Résumé
[en] How much leeway did governments have in designing bank bailouts and deciding on the height of intervention during the 2007-2009 financial crisis? By analyzing the variety of bailouts in Europe and North America, we will show that the strategies governments use to cope with the instability of financial markets does not depend on economic conditions alone. Rather, they take root in the institutional and political setting of each country and vary in particular according to the different types of business-government relations banks were able to entertain with public decision makers. Still, crony capitalism accounts overstate the role of bank lobbying. With four case studies of the Irish, Danish, British, and French bank bailout, we show that countries with close one-on-one relationships between policy makers and bank management tended to develop unbalanced bailout packages, while countries where banks negotiated collectively developed solutions with a greater burden-sharing from private institutions.
Nom de la revue
Comparative Political Studies
Collection
Source
HAL
Type de ressource
Texte intégral
Est une version de
Licence
Attribution - NonCommercial - NoDerivatives
Citation bibliographique
Emiliano Grossman, Cornelia Woll. Saving the Banks : The Political Economy of Bailouts. Comparative Political Studies, 2014, 47 (4), pp.574-600. [10.1177/0010414013488540]. [hal-02186491]
Citer cette ressource
[en] Saving the Banks : The Political Economy of Bailouts,
dans Études nordiques,
consulté le 15 Mars 2025, https://etudes-nordiques.cnrs.fr/s/numenord/item/18199