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The Power of Inaction
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The Power of Inaction: Bank Bailouts in Comparison

Cornelia Woll

Abstract

Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. This book details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. It starts with a broad overview of bank bailouts in more than twenty countries. It then examines three pairs of countries where similar outcomes might be expected: the United States a ... More

Keywords: bank bailouts, Lehman Brothers, the Great Recession, global financial sector, national politics, bank rescue schemes

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780801452352
Published to Cornell Scholarship Online: August 2016 DOI:10.7591/cornell/9780801452352.001.0001

Authors

Affiliations are at time of print publication.

Cornelia Woll, author
Professor of Political Science, Sciences Po Paris