“Bank Behaviour and Resilience: the Effect of Structures, Institutions and Agents” challenges conventional thinking about the varieties of capitalism

Why were banking sectors in ‘liberal’ and ‘coordinated’ market economies with similar financial systems, operating under the same set of global rules, more resilient than others during the Global Financial Crisis?
Building on the rich body of knowledge in institutional analysis and comparative political economy fields, this book offers an important insight to bank behaviour. It argues that divergence or convergence in bank behaviour within liberal and coordinated market economies cannot be understood from the type of national financial system, whether bank-based or capital markets-based; the type of policy network that dominates the national financial systems; or whether a state has a strong (proactive) or weak (reactive) capacity in financial services. Instead, argues Caner Bakir (Koc University) in this original work supported by solid empirical evidence from five countries, that whether banks adopt conservative or opportunistic behaviour makes sense by reference to interdependent top-down and bottom-up processes among structures, institutions and agents that condition the nature of bank behaviour and its outcomes.
The theoretical frame of the book as well as its arguments are sharp and contributive– and it skillfully deals with the core topics in economic sociology and political economy.

Advertisements
Image | This entry was posted in Books and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s