Kids Library Home

Welcome to the Kids' Library!

Search for books, movies, music, magazines, and more.

Available items only
Print Material
Author Chwieroth, Jeffrey M., 1975- author.

Title The wealth effect : how the great expectations of the middle class have changed the politics of banking crises / Jeffrey M. Chwieroth, London School of Economics and Political Science, Andrew Walter, University of Melbourne.

Publication Info. Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2019.


Location Call No. OPAC Message Status
 Axe 3rd Floor Stacks  338.542 C478w 2019    ---  Available
1 copy being processed for Axe Acquisitions Order.
Description xxiv, 572 pages : illustrations ; 23 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Bibliography Includes bibliographical references and index.
Summary The politics of major banking crises has been transformed since the nineteenth century. Analyzing extensive historical and contemporary evidence, Chwieroth and Walter demonstrate that the rising wealth of the middle class has generated 'great expectations' among voters that the government is responsible for the protection of this wealth. Crisis policy interventions have become more extensive and costly - and their political aftermaths far more fraught - because of democratic governance, not in spite of it. Using data from numerous democracies over two centuries, and detailed studies of Brazil, the United Kingdom and the United States, this book breaks new ground in exploring the consequences of the emerging mass political demand for financial stabilization. It shows why great expectations have induced rising financial fragility, more financial sector bailouts and rising political instability and discontent in contemporary democracies, providing new insight to anyone concerned with contemporary policy and politics.
Contents Part I. Banking Crises and the Rise of Great Expectations -- 1. Great expectations, banking crises, and democratic politics -- 2. Great expectations: banking crises, policy responses and politics -- 3. Household wealth and financialization in the United Kingdom, the United States and Brazil since the nineteenth century -- 4. The emergence of great expectations in the United Kingdom, the United States and Brazil -- Part II. Evolving Policy Responses to and Political Consequences of Banking Crises since the Nineteenth Century -- 5. Changing expectations and policy responses to banking crises -- 6. Banking crises and voters over the long run; -- Part III. Banking Crises, Policy and Politics in the United Kingdom, the United States and Brazil since the Nineteenth Century -- 7. Banking crises in the United Kingdom in an era of low expectations -- 8. A banking crisis in the United Kingdom in an era of great expectations -- 9. Banking crises and politics in the United States before 1945 -- 10. The 2007-2009 crisis and its aftermath in the United States -- 11. Banking crises in Brazil in an era of low expectations -- 12. Banking crises in Brazil in an era of rising expectations -- 13. Conclusion
Subject Financial crises -- History.
Middle class.
Monetary policy.
Economic policy.
Economic policy. (OCoLC)fst00902025
Financial crises. (OCoLC)fst00924607
Middle class. (OCoLC)fst01020437
Monetary policy. (OCoLC)fst01025230
Wealth. (OCoLC)fst01172973
Genre/Form History. (OCoLC)fst01411628
Added Author Walter, Andrew, 1961- author.
ISBN 9781107153745 hardcover alkaline paper
1107153743 hardcover alkaline paper
9781316607787 paperback alkaline paper
131660778X paperback alkaline paper
9781108580380 (PDF ebook)

Available items only