Oracles, Heroes or Villains

Economic Policymakers, National Politicians and the Power to Shape Markets

AvGeorge E. Shambaugh

Häftad, Engelska, 2019

372 kr

Beställningsvara. Skickas inom 7-10 vardagar. Fri frakt över 249 kr.

Fler format och utgåvor

Inbunden

1 034 kr

Beskrivning

IMF Managing Director Christine Lagarde declared central bankers and finance ministers to be the heroes of recent economic crises for taking corrective action while national politicians squabbled. What enabled them to do so? In the wake of Brexit, chaotic trade policies in the United States, and resurgent nationalism around the world, national politicians are quarrelling again, meanwhile the markets are roiling. Can we again depend on economic technocrats to save the day for these national politicians and the rest of us? What happens if they fail or, perhaps worse, go too far? In this timely book, Shambaugh answers these questions using recent economic crises in Argentina, the United States and Europe as case studies for analysing the intersections of power, politics and markets. By specifying the interactions between political uncertainty, market intervention, and investor risk, Shambaugh predicts how economic technocrats manage market behaviour by shifting expectations regarding what national politicians will do and whether their policies will be effective.

Produktinformation

Utgivningsdatum:2019-09-19
Mått:152 x 228 x 14 mm
Vikt:460 g
Format:Häftad
Språk:Engelska
Antal sidor:274
Förlag:Cambridge University Press
ISBN:9781108713795

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Finanskriser inom Ekonomi och Ledarskap
Ekonomiska system inom Ekonomi och Ledarskap

Mer om författaren

George E. Shambaugh, IV is Associate Professor of International Affairs and Government in the Edmund A. Walsh School of Foreign Service, Georgetown University. His authored books include States, Firms, and Power: Successful Sanctions in United States Foreign Policy (1999), and, as co-author, The Art of Policymaking: Tools, Techniques, and Processes in the Modern Executive Branch (2nd edition, 2016).

Recensioner i media

'In this fascinating tour de force taking us from Argentina to the United States and to Europe, George Schambaugh describes and analyses with the dexterity of a spy thriller novelist the 'behind the scenes' of the 'dangerous liasions' linking officials and technocrats with senior politicians in the shaping of economic policies in times of domestic and international crises. Those technocrats are actually oracles, heroes, and villains in the domestic and international scene that shapes the international political economy of the last thirty years.' Arie M. Kacowicz, Hebrew University of Jerusalem

Innehållsförteckning

1. Reaching for bazooka; 2. Preferences, power and predictions; 3. The Argentine tango; 4. The Federal Reserve goes political; 5. A Greek tragedy; 6. Managing markets in turbulent times.