The banking crisis: Grid, group and the state of the debate

Hindmoor, Andrew (2010) The banking crisis: Grid, group and the state of the debate. Australian Journal of Public Administration, 69 4: 442-456. doi:10.1111/j.1467-8500.2010.00697.x


Author Hindmoor, Andrew
Title The banking crisis: Grid, group and the state of the debate
Journal name Australian Journal of Public Administration   Check publisher's open access policy
ISSN 0313-6647
1467-8500
Publication date 2010-12-01
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1111/j.1467-8500.2010.00697.x
Volume 69
Issue 4
Start page 442
End page 456
Total pages 15
Place of publication Richmond, Vic., Australia
Publisher Wiley-Blackwell Publishing Asia
Collection year 2011
Language eng
Abstract The banking crisis and the recession it induced provide a salient backdrop to domestic and international politics. The estimates that total banking losses between 2008 and 2010 exceeded US$2.3 trillion. This article uses grid-group theory to review the existing literature on the causes of the banking crisis and, in doing so, distinguishes between hierarchical, individualist, egalitarian and fatalist accounts of what went wrong and of what needs to be done to prevent another crisis from occurring. It is argued that the existing reform agenda is underpinned by a hierarchical analysis of the causes of the crisis and that this risks narrowing the support base for the reform process. © 2010 The Author Australian Journal of Public Administration © 2010 National Council of the Institute of Public Administration Australia.
Keyword Global financial crisis
Grid-group theory
Banking
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Critical review of research, literature review, critical commentary
Collections: Official 2011 Collection
School of Political Science and International Studies Publications
 
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Created: Fri, 11 Mar 2011, 20:50:29 EST by Elmari Louise Whyte on behalf of School of Political Science & Internat'l Studies