Systemic Risk: The Myth of Rational Finance and the Crisis of Democracy

Willke, Helmut; Becker, Eva; Rostásy, Carla

ISBN 10: 3593399881 / ISBN 13: 9783593399881

Published by Campus Verlag, 2014

About this Item

CAMPUS VERLAG - 2013 H4.

Seller Inventory # QD-04WI-TN31

Bibliographic Details

• Title: Systemic Risk: The Myth of Rational Finance and the Crisis of Democracy
• Publisher: Campus Verlag
• Publication Date: 2014
• Language: English
• ISBN 10: 3593399881
• ISBN 13: 9783593399881
• Binding: Soft cover
• Condition: Gebraucht - Wie neu

About this title

Synopsis

Five years have passed since the outbreak of one of the worst financial crises the world has ever witnessed. Yet, despite the exceedingly diverse range of publications that have sought to explain the causes and the logic of the crisis, central questions have remained unanswered. Indeed, not only has systemic risk become a buzzword, but it has also developed into an acute threat. But what exactly constitutes the very essence of this concept, and ought it to be considered an economic or a political phenomenon?

In addressing these questions, this volume draws upon political economy as an approach to analyze the concept of systemic risk as well as corresponding dilemmas of political order, legitimacy, and expertise. The resulting discussion posits major consequences for the political governance of financial systems in the increasingly interconnected world of the twenty-first century.

About the Authors

Helmut Willke is professor of global governance at Zeppelin University, Friedrichshafen, Germany. He is the author of twenty books and has published widely in journals.

Eva Becker is a research associate and PhD candidate working on Helmut Willke’s research project on policy responses to systemic risk.

Carla Rostásy is a research associate and PhD candidate working on Helmut Willke’s research project on policy responses to systemic risk.