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Shambaugh

Oracles, Heroes or Villains

Economic Policymakers, National Politicians and the Power to Shape Markets

Medium: Buch
ISBN: 978-1-108-71379-5
Verlag: Cambridge University Press
Erscheinungstermin: 24.10.2019
Lieferfrist: bis zu 10 Tage

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.


Produkteigenschaften


  • Artikelnummer: 9781108713795
  • Medium: Buch
  • ISBN: 978-1-108-71379-5
  • Verlag: Cambridge University Press
  • Erscheinungstermin: 24.10.2019
  • Sprache(n): Englisch
  • Auflage: Erscheinungsjahr 2019
  • Produktform: Kartoniert
  • Gewicht: 408 g
  • Seiten: 274
  • Format (B x H x T): 160 x 226 x 16 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

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).

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.