Type
Partie ou chapitre de livre
Titre
State Capacity in Financial Times
Dans
Reconfiguring European States in Crisis
Auteur(s)
WOLL Cornelia - Centre d'études européennes et de politique comparée (Auteur)
KING Desmond - (Directeur de publication ou de collection)
LE GALÈS Patrick - (Directeur de publication ou de collection)
Éditeur
Oxford : Oxford University Press
Pages
201 - 214 p.
ISBN
9780198793373
Mots clés
state management, financial crisis, banking regulation, financial integration, crisis management
Résumé
EN
The financial crisis revealed the vulnerability of states with financialized economies, but also the extraordinary measures they had recourse to in order to reign in market forces. This chapter argues that this paradox is based on another contradiction: the ambiguity of government–finance relations. While financial institutions are considered to be the culprits of the recent crisis, they were also necessary to support government action and enable a quick recovery. Undoing the ties between banks and states is thus not only a response to conflicts of interests. Uncoupling banks from states through European financial integration also contains risks for future crisis management.

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