financial disorder and the system that caused crisis /
First Statement of Responsibility
Francisco Louc̦ã and Michael Ash.
EDITION STATEMENT
Edition Statement
First edition.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York, NY :
Name of Publisher, Distributor, etc.
Oxford University Press,
Date of Publication, Distribution, etc.
2018.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource (401 pages)
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and index.
CONTENTS NOTE
Text of Note
Introduction -- Part I : The world of shadow finance -- Part II : Who decides? Deregulation and deregulators -- Part III : Plutocracy and oligarchy -- Part IV : The web of power -- Part V : The world we live in.
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SUMMARY OR ABSTRACT
Text of Note
The networks and institutions that support a finance-focused, market-centered model of economy and society from their intellectual roots through their ascendancy to their surprising resilience in the face of manifest failures are traced. The focus is on the quarter century, 1980-2006, leading to the global economic crisis and on the now decade-long crisis itself (2007-17). The approach uses political economy, with a focus on actors and their motives, the structures and resources that shaped them and that they in turn shaped, and the key events and turning points. The actors vary but come overwhelmingly from different branches of the power elite: investment bankers; finance ministers; bearers of dynastic wealth; college professors; government regulators; and central bankers. Their resources take many forms, from academic articles and white papers to cultural production, palace intrigue, and elections. A particular interest is taken in how the actors have mobilized institutions and networks to maintain the key tenets of the model despite the serious flaws indicated by the rise of inequality and the financial crises of both emerging and advanced economies at the dawn of the twenty-first century.
OTHER EDITION IN ANOTHER MEDIUM
Title
Shadow networks.
International Standard Book Number
9780198828211
TOPICAL NAME USED AS SUBJECT
Business cycles.
Financial crises.
BUSINESS & ECONOMICS-- Finance-- General.
BUSINESS & ECONOMICS-- Industries-- Financial Services.