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Chapter 10: The Global Financial Crisis: Governments, Banks, and Markets
Before You Begin
- What are the long-term and short-term causes of the financial crisis?
- Whose actions and decisions contributed to the crisis?
- Why did governments intervene in the economy and bail out banks?
- What are some potential negative consequences of such actions?
- What foreign policy choices are involved in efforts to solve problems created by the crisis?
- How do the efforts to create a new regulatory regime affect power relations and foreign policies?
- Does the concept of state capitalism expand our understanding of financial statecraft?
The interactions among powerful states during the time of the global financial crisis, from August 2007 to March 2009, and the continuing aftermath, were marked by great drama. The collapsing values of ...