Banking on burden reduction: how the global financial crisis shaped the political economy of banking regulation

2019 ◽  
Vol 21 (4) ◽  
pp. 315-342
Author(s):  
Mercy B. DeMenno
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Banking Regulation ◽  
The Political ◽  
The Global Financial Crisis

scholarly journals Capitalism and Socialism: A Review of Kornai's Dynamism, Rivalry, and the Surplus Economy

2017 ◽  
Vol 55 (1) ◽  
pp. 191-208 ◽  
Author(s):  
Chenggang Xu
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Mirror Image ◽  
Eastern Bloc ◽  
The Political ◽  
Central Theme ◽  
Dynamic Nature ◽  
New Frontier ◽  
The Global Financial Crisis

Understanding the nature of capitalism has been a central theme of economics. The collapse of the Eastern Bloc and the global financial crisis spurred the reemergence of the political economy as a new frontier and the revival of interest in the nature of capitalism. János Kornai's book Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism fills an important intellectual gap in understanding the dynamic nature of capitalism by comparing it with its mirror image, socialism. To further develop the themes contained in the book, serious challenges are posed theoretically and empirically, as well as in subjects, such as hybrid capitalism. (JEL L32, P12, P14, P16, P26, P31)

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 503-504
Author(s):  
Dara Z. Strolovitch
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 511-512
Author(s):  
Daniel W. Drezner
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

scholarly journals The Political Economy of Crisis Recovery

2020 ◽  
Author(s):  
Mohammad Ferdosi
Keyword(s):  
Political Economy ◽  
Economic Performance ◽  
Global Financial Crisis ◽  
Production Systems ◽  
Stress Test ◽  
Welfare States ◽  
Economic Effects ◽  
The Political ◽  
Crisis Recovery ◽  
The Global Financial Crisis

The aftermath of the global financial crisis marked another stress test for welfare states and varieties of capitalism. More than ever before, governments were forced to consider substantial reforms to welfare provision and enact flexibility-enhancing measures in order to improve financial solvency and economic performance. The crash, however, was not only a regionally uneven process in its origins but also led to makeshift or uneven policy responses. As a result, the socio-economic effects of the downturn and political reactions to it varied considerably among countries. Nevertheless, there have been some common trends in outcome measures. These have served to blur the dividing lines between different welfare states and production systems, so vividly captured in the mainstream political economy literature.

scholarly journals Deposit flows and structure in Serbia

Bankarstvo ◽  
2020 ◽  
Vol 49 (4) ◽  
pp. 68-87
Author(s):  
Milena Lazić ◽  
Ksenija Zorčić
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Banking System ◽  
Financial System ◽  
Banking Regulation ◽  
The Stability ◽  
The Global Financial Crisis ◽  
Deposit Guarantee Schemes

Having drawn attention to the existing banking regulation issues, the Global Financial Crisis also raised awareness of the importance of depositors' confidence for the stability of the financial system, and brought the role and significance of the deposit guarantee schemes to the fore. Serbian economy started experiencing its effects in Q4 2008, in parallel with the global spreading of the crisis. This paper focuses on the fluctuations in deposit levels and structure in the Serbian banking system, between 2008 and 2019. It also aims to underscore the importance and development perspectives of the Serbian deposit guarantee scheme.

Financial Reform Efforts since the Global Financial Crisis—An Overview

2016 ◽  
Author(s):  
Michael Schillig
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Banking Regulation ◽  
Shadow Banking ◽  
Reform Agenda ◽  
Current State ◽  
The Us ◽  
The Global Financial Crisis ◽  
Institutional Architecture ◽  
Market Infrastructure

The chapter provides an overview of the current state of the reform efforts in the jurisdictions under consideration with a focus on the institutional architecture, banking regulation, shadow banking, and financial market infrastructure. It briefly reviews the generally accepted causes of the global financial crisis and the eurozone crisis, as well as the reform agenda at global/international level. It summarizes the reform efforts in the EU and the US that are of particular relevance for the recovery and resolution of credit institutions and investment firms. These reform efforts form the context in which the new recovery and resolution regime must be viewed.

Editorial Introduction to the Symposium on the Global Financial Crisis

2009 ◽  
Vol 17 (2) ◽  
pp. 103-108 ◽  
Author(s):  
Sam Ashman
Keyword(s):  
United States ◽  
Political Economy ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Banking System ◽  
Financial System ◽  
The United States ◽  
Editorial Introduction ◽  
The Global Financial Crisis

AbstractThe current global economic crisis is historically unprecedented in that it began when poor groups in the United States defaulted on their mortgage-payments and spread fear of 'toxic debt' through an internationalised financial system, bringing the banking system close to collapse and highlighting the very individualised nature of contemporary financial relations. The symposium explores contemporary finance and banking practices in the context of Marxist political economy seeking to develop the notion of financialisation and arguing that banks' increasing reliance on individual households as a source of profits amounts to a form of financial expropriation or additional profit generated in the sphere of circulation.

Monism vs. pluralism, the global financial crisis, and the methodological struggle in the field of International Political Economy

2018 ◽  
Vol 23 (3) ◽  
pp. 287-311 ◽  
Author(s):  
Joscha Wullweber
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
International Political Economy ◽  
Research Strategy ◽  
Multiple Perspectives ◽  
Research Strategies ◽  
The Core ◽  
Theoretical Approaches ◽  
The Global Financial Crisis

In recent years, a comprehensive debate has been taking place over the ontological, epistemological and methodological roots underlying the discipline of International Political Economy. A fundamental and sometimes fierce discussion arose over the questions of which research strategies should prevail, which methods should be applied and what kind of knowledge counts as scientific. The debate has tended to reduce the different positions and International Political Economy approaches to American International Political Economy on the one side and British International Political Economy on the other. Framing the perspectives in this way, however, is misleading. This article argues that the issue at the core of the methodological debate is not the American versus the British school, but rather theoretical monism versus theoretical pluralism. Hence, the core of the debate addresses the question whether scientific work in International Political Economy should ultimately subscribe to one methodology or one fundamental principle or whether the field should make use of a wide variety of theories and methods so as to enable scholars to adapt their research strategy depending on the case under study. A short analysis of existing approaches to the global financial crisis shows the importance of the existence of multiple perspectives, concepts and theoretical approaches. The paper concludes that the 2008 financial crisis in particular has shown how dangerous it is to reduce intellectual endeavour to a narrow mindset. Only pluralism conveys the ability to respond in an adequate manner to the old and new challenges of our times.

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