Power of Inaction - Bank Bailouts in Comparison (Cornelia Woll, Science Po)
The Power of Inaction - Bank Bailouts in Comparison
Professor, Sciences Po, Paris
Date: October 17. 2014 – 10 am-11.30 am,
Venue: CEU, Nádor u. 9, Monument Building, Gellner Room.
Abstract: Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm’s length
Cornelia Woll is a professor of political science and researcher at CERI, Sciences Po, Paris. She co-directs the Max Planck Sciences Po Center (MaxPo) with Olivier Godechot and the Interdisciplinary Research Center for the Evaluation of Public Policies (LIEPP) with Etienne Wasmer. From 2008-2012, she was Vice-Dean for Research at Sciences Po. During 2011/2012, she was on leave at the Center for European Studies at Harvard University. Cornelia Woll has published in several renowned journals such as Comparative Political Studies, Socio-Economic Review, Review of International Political Economy, Journal of European Public Policy, Comparative European Politics.
Read more about
Professor Cornelia Woll here http://www.sciencespo.fr/ceri/en/users/corneliawoll
The Power of Inaction - Bank Bailouts in Comparison http://www.cornellpress.cornell.edu/book/?GCOI=80140100277960