Artikel Jurnal

The president, congress, and the financial crisis: ideology and moral hazard in economic governance (e-journal)

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This article examines how the democratic political institutions of the president and the Congress interacted with private firms and regulatory agencies to contribute to the financial meltdown in 2008-09. This economic governance system failed to counteract the excessive optimism in the financial markets but rather contributed to and reinforced this development. Political moral hazard weakened institutional checks and balances in economic regulation and contributed to a convergence of political ideology and policy preferences of the president, Congress, political parties, and professional experts. These developments occurred during significant financial innovation, making it difficult to foresee the risk building in the system.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

332 KNO t

Penerbit

Hoboken : John Wiley & Sons, Inc.., 2012

Deskripsi Fisik

81-100 hlm ; 20 lembar

Bahasa

English

ISBN/ISSN

0360-4918

Klasifikasi

332

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Vol. 42, Issue 1)

Subjek

ECONOMY

Info Detail Spesifik

Document Type: Report

Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

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