Policy Responses to the Globalization of American Banking - Tapa blanda

"Students and even specialists will find this narrative a handy one-stop guide to the nexus of U.S. banking and foreign policy over a crucial quarter-century of recent history. . . . The approach is novel, even ingenious, and produces some interesting insights concerning information asymmetries, incentive design, and the problems caused by a multiplicity of either agents or principals." --American Political Science Review

Since the late 1950s the world's banks have expanded their global operations, with US institutions leading the way. As the recent global economic crisis shows, actions of private bankers can threaten capital markets, weaken national regulatory systems, and strain international cooperation-seriously endangering the world economy and the interests of nation states.