Begin forwarded message:
> From: "Mahinder S. Kingra" <msk55@???>
> Subject: "The Power of Inaction" by Cornelia Woll -- now available from Cornell University Press
> Date: 21 Apr 2014 17:31:19 GMT+2
> To: Cornell University Press Information <cupressinfo@???>
>
> Now available from Cornell University Press--
>
> The Power of Inaction
> Bank Bailouts in Comparison
> by Cornelia Woll
>
>
>
> Cornell University Press is pleased to announce the publication of The Power of Inaction by Cornelia Woll, which details the varying relationships between financial institutions and national governments by comparing the national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts prompted by the 2007-2008 Great Recession in more than twenty countries and then, using extensive interviews conducted with bankers, lawmakers, and other key players, focuses on bailouts in three pairs of countries: the United States and United Kingdom, France and Germany, Ireland and Denmark.
>
> For more information about The Power of Inaction, see below and visit the book’s page on the Cornell University Press web site: http://www.cornellpress.cornell.edu/book/?GCOI=80140100277960.
>
> This book is now available directly from Cornell University Press via our website and our ordering department (tel: 1-800-666-2211). Use the promo code CAU6 at checkout or when calling to receive a 25% discount off the hardcover’s US$32.50 list price. Individuals in Europe may pre-order the book from our UK-based distributor, NBN International. In Australia and New Zealand, please order from Footprint Books. (For best results, use the ISBN 9780801452352 to search for the book.)
>
> The Power of Inaction is now available around the world as an ebook from the Amazon Kindle store, the Barnes & Noble Nook store, Google Play, Kobo, and the Apple iBookstore.
>
> Sincerely,
>
> Mahinder Kingra, Director of Marketing
> Cornell University Press
>
>
> P.S. Your e-mail address was provided by the author at the press's request. It will not be saved, shared, or used for any other purpose. If you would like to receive e-mail notifications about the publication of other Cornell University Press titles, please visit the “Newsletter” page on our website -- http://www.cornellpress.cornell.edu/newsletters/ --and click the subject(s) in which you are interested.
>
>
> # # #
>
> About The Power of Inaction
>
> 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 varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm’s length.
>
> Such differences are often ascribed to one of two conditions: either the state is strong and can impose terms, or the state is weak and corrupted by industry lobbying. Woll presents a third option, where the inaction of the financial sector critically shapes the design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those settings where they could avoid a joint response and force national policymakers to deal with banks on a piecemeal basis. The power to remain collectively inactive, she argues, has had important consequences for bailout arrangements and ultimately affected how the public and private sectors have shared the cost burden of these massive policy decisions.
>
>
> About the Author
>
> Cornelia Woll is Professor of Political Science at Sciences Po Paris and Co-Director of MaxPo and LIEPP. She is the author of Firm Interests: How Governments Shape Business Lobbying on Global Trade, also from Cornell, and coeditor of Economic Patriotism in Open Economies.
>
>
> Praise for The Power of Inaction
>
> “Cornelia Woll’s The Power of Inaction is a brilliant, deeply insightful analysis of the political economy of government responses to banking sector crises. Woll has synthesized myriad arguments across disciplines and narratives among nations to produce a unique approach to one of the central questions of our time.”
> --Rawi Abdelal, Herbert F. Johnson Professor of International Management, Harvard Business School
>
> “Cornelia Woll has produced a richly researched and important analysis of the wave of bank bailouts in advanced democracies prompted by the 2007-2008 Great Recession. In a theoretically sophisticated analysis, Woll asks and addresses the question: What influence did financial industry actors exert on national governments to help them protect their banking and investment institutions? From detailed case studies of the United States, United Kingdom, Denmark, France, Ireland and Germany, Woll develops a persuasive argument about how the degree of collective action achieved by a country’s financial sector matters fundamentally for the level and content of government intervention and support during a crisis. Not only does the theoretical argument help explain the recent crisis but it provides a framework for understanding state-financial sector relations in general. I highly recommend The Power of Inaction.”
> --Desmond King, University of Oxford
>
>
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~
>
> Mr. Mahinder Kingra | Director of Marketing
> Cornell University Press | http://www.cornellpress.cornell.edu
> Sage House, 512 E. State Street | Ithaca, New York 14850
> T: 607-277-2338 x255 | F: 607-277-2397 | E: msk55@???
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