Mine Aysen Doyran, Ph.D., Assistant Professor (full-time faculty member), Department of Economics & Business, The City University of New York (CUNY)/Lehman College, USA

'...a major contribution to our understanding of how states regulate financial markets. Doyran has clearly done her homework, digging through extensive primary source materials on financial crises in post-war US history; the results of her research are impressive. The book's historical discussion holds important lessons for understanding the recent financial collapses, which led the current Great Recession.' David N. Gibbs, University of Arizona,USA 'Based on sound argumentation, this book offers no comfort to those looking for easy answers, and its command of the detail means that readers will have to work hard to absorb the nuances. But its ultimately pessimistic tone is in fact highly realistic, well-informed and based on a wealth of in-depth research.' Clinton Fernandes, University of New South Wales, Australia 'Mine Doyran's book is political economy at its best. Not only does it show a mastery of technical matters, but unlike orthodox neoclassical economics and mainstream political science, it puts power and the many contradictions surrounding the exercise of power by the American State at the center of the analysis of financial crises. Clear in its exposition and insightful in its conclusions, it will be a major resource document for both scholars and activists worldwide.' Michael D. Yates, University of Pittsburgh at Johnstown, USA and Associate Editor of Monthly Review magazine

• Contents: Introduction; State power and crisis management: a political-economic approach; Domestic and international origins of the bubble economy: institutions, ideology, regulation; Russia-LCTM and Enron defaults: a new type of financial instability 1998-2002; Domestic politics of financial regulation in the post-Enron period; US financial crisis of 2007-2010: the collapse of the shadow banking system; Post-crisis financial regulatory reform; International regulatory responses; Conclusion: hegemonic instability; Bibliography; Index.

Mine Aysen Doyran, Ph.D., Assistant Professor (full-time faculty member), Department of Economics & Business, The City University of New York (CUNY)/Lehman College, USA

'...a major contribution to our understanding of how states regulate financial markets. Doyran has clearly done her homework, digging through extensive primary source materials on financial crises in post-war US history; the results of her research are impressive. The book's historical discussion holds important lessons for understanding the recent financial collapses, which led the current Great Recession.' David N. Gibbs, University of Arizona,USA 'Based on sound argumentation, this book offers no comfort to those looking for easy answers, and its command of the detail means that readers will have to work hard to absorb the nuances. But its ultimately pessimistic tone is in fact highly realistic, well-informed and based on a wealth of in-depth research.' Clinton Fernandes, University of New South Wales, Australia 'Mine Doyran's book is political economy at its best. Not only does it show a mastery of technical matters, but unlike orthodox neoclassical economics and mainstream political science, it puts power and the many contradictions surrounding the exercise of power by the American State at the center of the analysis of financial crises. Clear in its exposition and insightful in its conclusions, it will be a major resource document for both scholars and activists worldwide.' Michael D. Yates, University of Pittsburgh at Johnstown, USA and Associate Editor of Monthly Review magazine

• Contents: Introduction; State power and crisis management: a political-economic approach; Domestic and international origins of the bubble economy: institutions, ideology, regulation; Russia-LCTM and Enron defaults: a new type of financial instability 1998-2002; Domestic politics of financial regulation in the post-Enron period; US financial crisis of 2007-2010: the collapse of the shadow banking system; Post-crisis financial regulatory reform; International regulatory responses; Conclusion: hegemonic instability; Bibliography; Index.

Mine Aysen Doyran, Ph.D., Assistant Professor (full-time faculty member), Department of Economics & Business, The City University of New York (CUNY)/Lehman College, USA

'...a major contribution to our understanding of how states regulate financial markets. Doyran has clearly done her homework, digging through extensive primary source materials on financial crises in post-war US history; the results of her research are impressive. The book's historical discussion holds important lessons for understanding the recent financial collapses, which led the current Great Recession.' David N. Gibbs, University of Arizona,USA 'Based on sound argumentation, this book offers no comfort to those looking for easy answers, and its command of the detail means that readers will have to work hard to absorb the nuances. But its ultimately pessimistic tone is in fact highly realistic, well-informed and based on a wealth of in-depth research.' Clinton Fernandes, University of New South Wales, Australia 'Mine Doyran's book is political economy at its best. Not only does it show a mastery of technical matters, but unlike orthodox neoclassical economics and mainstream political science, it puts power and the many contradictions surrounding the exercise of power by the American State at the center of the analysis of financial crises. Clear in its exposition and insightful in its conclusions, it will be a major resource document for both scholars and activists worldwide.' Michael D. Yates, University of Pittsburgh at Johnstown, USA and Associate Editor of Monthly Review magazine

• Contents: Introduction; State power and crisis management: a political-economic approach; Domestic and international origins of the bubble economy: institutions, ideology, regulation; Russia-LCTM and Enron defaults: a new type of financial instability 1998-2002; Domestic politics of financial regulation in the post-Enron period; US financial crisis of 2007-2010: the collapse of the shadow banking system; Post-crisis financial regulatory reform; International regulatory responses; Conclusion: hegemonic instability; Bibliography; Index.