TY - BOOK AU - Lavelle,Kathryn C. TI - Money and Banks in the American Political System SN - 9781139235624 (ebook) AV - HG181 .L28 2013 U1 - 332.10973 23 PY - 2013/// CY - Cambridge PB - Cambridge University Press N1 - Title from publisher's bibliographic system (viewed on 04 Apr 2016) N2 - In Money and Banks in the American Political System, debates over financial politics are woven into the political fabric of the state and contemporary conceptions of the American dream. The author argues that the political sources of instability in finance derive from the nexus between market innovation and regulatory arbitrage. This book explores monetary, fiscal and regulatory policies within a political culture characterized by the separation of business and state, and mistrust of the concentration of power in any one political or economic institution. The bureaucratic arrangements among the branches of government, the Federal Reserve, executive agencies, and government sponsored enterprises incentivize agencies to compete for budgets, resources, governing authority and personnel UR - http://dx.doi.org/10.1017/CBO9781139235624 ER -