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| Document Type: | Book |
|---|---|
| All Authors / Contributors: |
Rachel A Epstein |
| ISBN: | 9780198809968 0198809964 |
| OCLC Number: | 1023333430 |
| Awards: | Winner of Rachel Epstein's book Banking on Markets: The Transformation of Bank-State Ties in Europe and Beyond is the co-winner of the 2018 Ed A. Hewett Book Prize for an outstanding monograph on the political economy of Eastern Europe, Russia and/or Eurasia. The award is sponsored by the University of Michigan and is awarded by the Association for Slavic, East European, and Eurasian Studies (ASEEES).. |
| Description: | 214 sidor : illustrationer |
| Contents: | 1: Introduction: The Paradox of Financial Control2: High and Low Levels of Foreign Bank Ownership: Sources and Consequences3: Foreign Banks in the Crisis: Retrenchment from the West, Continuing Exposures in the East4: Catching Up in the Global Economy: Good and Bad Banks in East Central Europe5: European Banking Union: The Weakening of Bank-State Ties6: Conclusion: Ceding Autonomy but Limiting Costs: Revisiting the Logic of National Bank Control |
| Responsibility: | Rachel A. Epstein. |
Reviews
Publisher Synopsis
... this is an important book, which offers a novel, rich and multi-faceted account of the transformation of the ties between states and banks in Europe. * Dorothee Bohle, EUSA * Epstein has produced an accessible and comprehensive guide to the structural forces that have directed the evolution of this very important stabilizing transformation. * David L. Cleeton, JCMS * fascinating study of how the recent economic and financial crisis unfolded in the countries of Central and Eastern Europe. ... It is still too early to tell whether Western European governments will find themselves as estranged from their home-grown financial institutions as are the governments of Central and Eastern Europe. What is clear is that the old relationship between states and banks deserves careful reconsideration. Epstein's book is a critical first step inthat direction. * Survival: Global Politics and Strategy * Professor Epstein has written a highly engaging and accessible account of the changing power dynamics between states and markets, in both eastern and western Europe. She convincingly debunks a number of widespread misconceptions about the political and economic implications of foreign bank ownership. Although focused on the political economy of banking in a European context, this is a work that is bound to become a classic and should be read by all students ofpolitical economy. * David Howarth, Professor of Political Economy, University of Luxembourg * The globalization of finance around the world has transformed the way money is borrowed, debts managed, and economic risks navigated. Banking on Markets offers a much needed exploration of the foreign penetration of formerly insulated banking sectors in Eastern Europe, with surprising findings about the relative robustness this has produced in dealing with the Eurozone crisis. A very helpful guide to a complex set of issues facing the EU, and beyond. * Kathleen McNamara, Associate Professor and Director, Mortara Center for International Studies , Georgetown University * Banking on Markets brilliantly analyses how the USSR's collapse, European monetary union, and the 2008 global financial crisis have fundamentally transformed bank-state relations in Europe. Through careful argumentation and compelling evidence, Epstein demonstrates that this intensely political process has empowered market actors and made the European banking system more resilient, while at the same time reducing the ability of governments in the poorer Europeanstates to use their national banks as development tools to help them catch up with the rest of Europe. Banking on Markets raises challenging questions, provides often unsettling answers, and should be read by everyone concerned with the future of banking and finance in Europe. * Juliet Johnson, Professor of Political Science, McGill University * Read more...
