Regular price €31.99
A01=Howard Rosenthal
A01=Keith T. Poole
A01=Nolan McCarty
Activism
Age Group_Uncategorized
Age Group_Uncategorized
American Recovery and Reinvestment Act of 2009
Asset
Author_Howard Rosenthal
Author_Keith T. Poole
Author_Nolan McCarty
automatic-update
Bankruptcy
Barack Obama
Bear Stearns
Ben Bernanke
Category1=Non-Fiction
Category=JPA
Category=JPHV
Category=KCP
Category=KCX
Chapter 9
Citigroup
Cloture
Commercial bank
Commodity Futures Trading Commission
COP=United States
Credit default swap
Crony capitalism
Delivery_Delivery within 10-20 working days
Dodd–Frank Wall Street Reform and Consumer Protection Act
Economic interventionism
Economist
Employment
Enron
eq_business-finance-law
eq_isMigrated=2
eq_non-fiction
eq_society-politics
Fannie Mae
Finance
Financial crisis
Financial crisis of 2007–08
Financial innovation
Financial institution
Financial regulation
Financial services
Fiscal conservatism
Foreclosure
Fraud
Freddie Mac
George W. Bush
Glass–Steagall Legislation
Goldman Sachs
Great Recession
Henry Paulson
Ideology
Income
Interest rate
Investor
JPMorgan Chase
Language_English
Legislation
Legislator
Lehman Brothers
Lobbying
Long-Term Capital Management
Merrill Lynch
MF Global
Mortgage loan
Occupy Wall Street
PA=Available
Patient Protection and Affordable Care Act
Paul Volcker
Policy
Political economy
Political science
Politician
Politics
Populism
Predatory lending
Price_€20 to €50
Private sector
Provision (accounting)
PS=Active
Real estate bubble
Recession
softlaunch
Tax
The Public Interest
Too big to fail
Troubled Asset Relief Program
Unemployment
Voting
Wells Fargo

Product details

  • ISBN 9780691165721
  • Weight: 454g
  • Dimensions: 146 x 229mm
  • Publication Date: 22 Mar 2015
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Product Form: Paperback
  • Language: English
Delivery/Collection within 10-20 working days

Our Delivery Time Frames Explained
2-4 Working Days: Available in-stock

10-20 Working Days
: On Backorder

Will Deliver When Available
: On Pre-Order or Reprinting

We ship your order once all items have arrived at our warehouse and are processed. Need those 2-4 day shipping items sooner? Just place a separate order for them!

Behind every financial crisis lurks a "political bubble"--policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.
Nolan McCarty is the Susan Dod Brown Professor of Politics and Public Affairs and chair of the Department of Politics at Princeton University. Keith T. Poole is the Philip H. Alston Jr. Distinguished Professor in the Department of Political Science at the University of Georgia. Howard Rosenthal is professor of politics at New York University and the Roger Williams Straus Professor of Social Sciences, Emeritus, at Princeton University.