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Banking: A Political Economic Overview

Year 2014, , 159 - 182, 01.04.2014
https://doi.org/10.33203/mfy.519257

Abstract



Banking
business keeps its importance in an economy since the ancient times. Banking
initially was not a reputable business. However, from the beginning of middle
of the nineteenth century banking turned into a respectful business. This
historical period also indicates the establishment of big invest­ment banks in
the United States (US). These investment banks made important contributions in
development of the US by financing the big projects via securitizations in
financial markets. The aim of this study is to examine the political powers of
these big financial institutions.

References

  • Althusser, L. 1976. Essays on Ideology. London: Verso.
  • Arendt, H. 1970. On Violence. New York: Harcourt Brace Javanovich.
  • Bardhan, P. 1991. “On the Concept of Power in Economics.” Economics and Politics 3 (3): 265-277.
  • Besley, T. and S. Coate. 2001. “Lobbying and Welfare in a Representative Society.” TheReview of Economic Studies 68 (1): 67-82.
  • Bonar, J. (1893) 1967. Philosophy and Political Economy. London: George Allen & Unwin.
  • Braun, M, and Raddatz, C. 2010. “Banking on Politics: When Former Highranking Politicians Become Bank Directors.” The World Bank Economic Review 24 (2): 234-279.
  • Burt, R. S. 2001. “The Social Capital of Structural Holes” In New Directions in Economic Sociology. Edited by: Mauro F. Guillen and Marshall Meyer. Reprint. New York: Russell Sage Foundation.
  • Campos, N. F., and F. Giovannoni. 2007. “Lobbying, Corruption and Political Influence.” Public Choice 131 (1/2): 1-21.
  • Cassis, Y. 1985. “Bankers in English Society in the Late Nineteenth Century.” The Economic History Review 38 (2): 210-229.
  • Dumenil, Gerard, and D. Levy. 1999. “Classical political economy.” In Encyclopedia of Political Economy. Edited by Phillip Anthony O’Hara, 109-111. London: Routledge.
  • Feeney, P. W. 1995. Securization. London: St. Martin’s Press.
  • Friedman, Milton and A. J. Schwartz. 1963. A Monetary History of the United States, 1867-1960. Princeton: Princeton University Press.
  • Financial Stability Board. 2012. Global Shadow Banking Monitoring Report 2012. Washington, DC.
  • Gallin, J. 2013. Shadow Banking and the Funding of the Nonfinancial Sector. Working paper, Federal Reserve Board, Washington, DC.

Banking: A Political Economic Overview

Year 2014, , 159 - 182, 01.04.2014
https://doi.org/10.33203/mfy.519257

Abstract



Banking
business keeps its importance in an economy since the ancient times. Banking
initially was not a reputable business. However, from the beginning of middle
of the nineteenth century banking turned into a respectful business. This
historical period also indicates the establishment of big invest­ment banks in
the United States (US). These investment banks made important contributions in
development of the US by financing the big projects via securitizations in
financial markets. The aim of this study is to examine the political powers of
these big financial institutions.




References

  • Althusser, L. 1976. Essays on Ideology. London: Verso.
  • Arendt, H. 1970. On Violence. New York: Harcourt Brace Javanovich.
  • Bardhan, P. 1991. “On the Concept of Power in Economics.” Economics and Politics 3 (3): 265-277.
  • Besley, T. and S. Coate. 2001. “Lobbying and Welfare in a Representative Society.” TheReview of Economic Studies 68 (1): 67-82.
  • Bonar, J. (1893) 1967. Philosophy and Political Economy. London: George Allen & Unwin.
  • Braun, M, and Raddatz, C. 2010. “Banking on Politics: When Former Highranking Politicians Become Bank Directors.” The World Bank Economic Review 24 (2): 234-279.
  • Burt, R. S. 2001. “The Social Capital of Structural Holes” In New Directions in Economic Sociology. Edited by: Mauro F. Guillen and Marshall Meyer. Reprint. New York: Russell Sage Foundation.
  • Campos, N. F., and F. Giovannoni. 2007. “Lobbying, Corruption and Political Influence.” Public Choice 131 (1/2): 1-21.
  • Cassis, Y. 1985. “Bankers in English Society in the Late Nineteenth Century.” The Economic History Review 38 (2): 210-229.
  • Dumenil, Gerard, and D. Levy. 1999. “Classical political economy.” In Encyclopedia of Political Economy. Edited by Phillip Anthony O’Hara, 109-111. London: Routledge.
  • Feeney, P. W. 1995. Securization. London: St. Martin’s Press.
  • Friedman, Milton and A. J. Schwartz. 1963. A Monetary History of the United States, 1867-1960. Princeton: Princeton University Press.
  • Financial Stability Board. 2012. Global Shadow Banking Monitoring Report 2012. Washington, DC.
  • Gallin, J. 2013. Shadow Banking and the Funding of the Nonfinancial Sector. Working paper, Federal Reserve Board, Washington, DC.
There are 14 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Ali Tarhan This is me

Publication Date April 1, 2014
Submission Date December 31, 1899
Published in Issue Year 2014

Cite

APA Tarhan, A. (2014). Banking: A Political Economic Overview. Maliye Ve Finans Yazıları, 1(101), 159-182. https://doi.org/10.33203/mfy.519257

Dergi özellikle maliye, finans ve bankacılık alanlarında faaliyet göstermektedir.