MARC record from Internet Archive

LEADER: 03569cam a22004217i 4500
001 2014938486
003 DLC
005 20151021110332.0
008 140416s2015 enk b 001 0 eng d
010 $a 2014938486
020 $a9780199683789 (hardback)
020 $a0199683786
035 $a(OCoLC)ocn898227977
040 $aYDXCP$beng$cYDXCP$erda$dBDX$dOCLCF$dUMS$dVVC$dDLC
042 $alccopycat
050 00 $aHB3722$b.L36 2015
082 04 $a330.90511$223
100 1 $aLangley, Paul,$d1972-$eauthor.
245 10 $aLiquidity lost :$bthe governance of the global financial crisis /$cPaul Langley.
250 $aFirst edition.
264 1 $aOxford :$bOxford University Press,$c2015.
300 $axiv, 220 pages ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
505 0 $aFinancial crisis governance -- Liquidity -- Toxicity -- Solvency -- Risk -- Regulation -- Debt.
520 8 $aThe interventions of crisis management during the 2007 to 2011 financial crisis were not simply responses to a set of given developments in markets, banking or neo-liberal capitalism. Nor can those interventions be adequately explained as the actions of sovereign state officials and institutions. Instead, Langley argues, processes of crisis governance are shown to have established six principal technical problems to be acted upon: liquidity, toxicity, solvency, risk, regulation, and debt and that the governance of these technical problems, is shown to have been strategically assembled in order to secure the continuation of a particular, financialized way of life that depends upon global financial circulations. Contributing to interdisciplinary debates in cultural economy and the social studies of finance, and grounded in extensive empirical research, this book offers an innovative analysis of how the contemporary global financial crisis was governed. Through an exploration of the interventions made by central banks, treasuries, and regulatory authorities in the Anglo-American heartland of the crisis between 2007 and 2011, experimental and strategic apparatuses of crisis governance are shown to have emerged. These discrete apparatuses established the six technical problems to be acted upon, but also shared certain proclivities and preferences. Crisis governance assembled discourses and devices of economy in relation with sovereign monetary, fiscal, and regulatory techniques, and elicited an affective atmosphere of confidence. It also sought to secure the financialized way of life which turns on the opportunities ostensibly afforded by uncertain financial circulations, and gave rise to post-crisis technical fixes designed to advance the resilience of banking and the macro-prudential regulation of financial stability.
504 $aIncludes bibliographical references and index.
650 0 $aGlobal Financial Crisis, 2008-2009.
650 0 $aEconomic policy$y21st century.
650 0 $aEconomic history$y21st century.
611 27 $aGlobal Financial Crisis (2008-2009)$2fast$0(OCoLC)fst01755654
650 7 $aEconomic history.$2fast$0(OCoLC)fst00901974
650 7 $aEconomic policy.$2fast$0(OCoLC)fst00902025
648 7 $a2000 - 2099$2fast
856 42 $3Contributor biographical information$uhttp://www.loc.gov/catdir/enhancements/fy1603/2014938486-b.html
856 42 $3Publisher description$uhttp://www.loc.gov/catdir/enhancements/fy1603/2014938486-d.html
856 41 $3Table of contents only$uhttp://www.loc.gov/catdir/enhancements/fy1603/2014938486-t.html