Lavelle argues that the political sources of instability in finance derive from the intersection of market innovation and regulatory arbitrage.The Institutional Foundations of Financial Politics in the United States As the financial crisis of 2008 wound down, economist ... However, a bank can double, triple, or even quadruple its operations with incredible speed under the right circumstances of optimism, trust, and confidence. ... be left to police its own activities.2 Policing the activities of banks poses a unique set of problems in the United States.
|Title||:||Money and Banks in the American Political System|
|Author||:||Kathryn C. Lavelle|
|Publisher||:||Cambridge University Press - 2013-01-14|