Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the...

The Power of Inaction -- Contents -- List of Figures and Tables -- List of Abbreviations -- 1. Bailout Games -- 2. Crisis Management across the World -- 3. The Power of Collective Inaction -- 4. From Theory to Practice -- 5. The United States and the United Kingdom -- 6. France and Germany -- 7....

In order to analyze the impact of the new banking capital regulation (Basel II) on the business cycle in an emerging economy, I develop a duopoly model composed of domestic and foreign banks. The principal results are: by the conduct of new banking capital regulation, the assessment of credit...