A Symposium on Financial Power
Accounting, economics, and law
DE : Berlin : Verlag Walter de Gruyter
1 - 3 p.
1st lines: It is a privilege to be read and discussed by such insightful scholars, several of which have made important contributions to our understanding of industrygovernment relations and financial regulation in recent history. Their reading of my own analysis has given me a much sharper sense of my argument. Indeed, I agree with many of their comments, including some of the critical ones, and believe our discussion contributes positively to the still on-going political analysis of the recent global crisis. The reviews all thoroughly engage with the political analysis and the empirical discussion of the bank bailout schemes presented in the book. Their main thrust differs, however, and it is helpful to organize my response by grouping them according to the focus of their criticism. This allows me to clarify three subjects in my rejoinder to the following discussion: the nature of power, the use of the chicken-game metaphor and the role of healthy banks in different countries.