Shop By

Banking on Markets

Rachel A. Epstein

€ 132.39

FREE Delivery in Ireland

Usually ships in 5 to 9 working days

Description for Banking on Markets Hardback. This volume examines the relationship between banks and states, and how the traditional, political bank-state ties have been transformed. Num Pages: 256 pages. BIC Classification: JPA; KCBM; KCP; KFFK. Dimension: 234 x 153. .
States and banks have traditionally maintained close ties. At various points in time, states have used banks to manage their economies and soak up government debt, while banks enjoyed regulatory forbearance, restricted competition, and implicit or explicit guarantees from their home markets. The political foundations of banks have thus been powerful and enduring, with actors on both sides of the aisle reluctant to sever relations. The central argument of this book, however, is that in the world's largest integrated market, Europe, the traditional political ties between states and banks have been transformed. Specifically, through a combination of post-communist ... Read more

Product Details

Format

Hardback

Publication date

2017

Publisher

Oxford University Press United Kingdom

Number of pages

256

Condition

New

Number of Pages

232

Place of Publication

Oxford, United Kingdom

ISBN

9780198809968

SKU

V9780198809968

Shipping Time

Usually ships in 5 to 9 working days

Ref

99-5

About Rachel A. Epstein

Rachel A. Epstein is Professor of International Relations and European Politics at the Josef Korbel School of International Studies, University of Denver. Her publications include In Pursuit of Liberalism: International Institutions in Postcommunist Europe (Johns Hopkins 2008) and a special issue of the Review of International Political Economy entitled 'Assets or Liabilities? Banks and the Politics of Foreign Ownership ... Read more

Reviews for Banking on Markets

... this is an important book, which offers a novel, rich and multi-faceted account of the transformation of the ties between states and banks in Europe.
Dorothee Bohle, EUSA
Epstein has produced an accessible and comprehensive guide to the structural forces that have directed the evolution of this very important stabilizing transformation.
David L. Cleeton, JCMS
... Read morefascinating study of how the recent economic and financial crisis unfolded in the countries of Central and Eastern Europe. ... It is still too early to tell whether Western European governments will find themselves as estranged from their home-grown financial institutions as are the governments of Central and Eastern Europe. What is clear is that the old relationship between states and banks deserves careful reconsideration. Epstein's book is a critical first step in that direction.
Survival: Global Politics and Strategy
Professor Epstein has written a highly engaging and accessible account of the changing power dynamics between states and markets, in both eastern and western Europe. She convincingly debunks a number of widespread misconceptions about the political and economic implications of foreign bank ownership. Although focused on the political economy of banking in a European context, this is a work that is bound to become a classic and should be read by all students of political economy.
David Howarth, Professor of Political Economy, University of Luxembourg
The globalization of finance around the world has transformed the way money is borrowed, debts managed, and economic risks navigated. Banking on Markets offers a much needed exploration of the foreign penetration of formerly insulated banking sectors in Eastern Europe, with surprising findings about the relative robustness this has produced in dealing with the Eurozone crisis. A very helpful guide to a complex set of issues facing the EU, and beyond.
Kathleen McNamara, Associate Professor and Director, Mortara Center for International Studies , Georgetown University
Banking on Markets brilliantly analyses how the USSR's collapse, European monetary union, and the 2008 global financial crisis have fundamentally transformed bank-state relations in Europe. Through careful argumentation and compelling evidence, Epstein demonstrates that this intensely political process has empowered market actors and made the European banking system more resilient, while at the same time reducing the ability of governments in the poorer European states to use their national banks as development tools to help them catch up with the rest of Europe. Banking on Markets raises challenging questions, provides often unsettling answers, and should be read by everyone concerned with the future of banking and finance in Europe.
Juliet Johnson, Professor of Political Science, McGill University
Show Less

Shop By

Categories

Banking on Markets

Rachel A. Epstein

Product Details

Goodreads reviews for Banking on Markets

Subscribe to our newsletter