Money and Banks in the American Political System

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Money and Banks in the American Political System

By Kathryn C. Lavelle

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In Money and Banks in the American Political System, debates over financial politics are woven into the political fabric of the state and contemporary conceptions of the American dream. The author argues that the political sources of instability in finance derive from the nexus between market innovation and regulatory arbitrage. This book explores monetary, fiscal and regulatory policies within a political culture characterized by the separation of business and state, and mistrust of the concentration of power in any one political or economic institution. The bureaucratic arrangements among the branches of government, the Federal Reserve, executive agencies, and government sponsored enterprises incentivize agencies to compete for budgets, resources, governing authority and personnel.

Money and Banks in the American Political System
1st edition
Publisher: Cambridge University Press 1/14/13
Imprint: Cambridge University Press
Language: English

ISBN 10: 1139854224
ISBN 13: 9781139854221
Print ISBN: 9781107028043

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