Money and Banks in the American Political System

Discover the intricate relationship between finance and politics in "Money and Banks in the American Political System" by Kathryn C. Lavelle. Published by Cambridge University Press in 2013, this insightful hardback spans 330 pages and delves into the political sources of instability in finance. Lavelle expertly argues that the challenges in the financial sector arise from the intersection of market innovation and regulatory arbitrage. This book meticulously examines monetary, fiscal, and regulatory policies within a unique political culture marked by the separation of business and state and a deep-seated mistrust of concentrated power. Ideal for those interested in economic policy, finance, and the dynamics of financial crises, Lavelle's work is a valuable addition to your collection. Gain a deeper understanding of the complexities of financial institutions and monetary policy in the United States with this essential read.