Financial Crises and the Limits of Bank Reform. A Comparative Study on the Great Recession
Eileen will present major insights from her book Financial Crises and the Limits of Bank Reform, which will appear with Oxford University Press next spring. The book is based on an in-depth study of French and German participation in international banking reforms and the responses implemented to the global financial crisis (2008-2010). Analysing the reasons for differing priorities, she shows that the main lessons drawn from the crisis were the consequence of differing patterns of social learning, which led to changes in widely shared beliefs of specific aspects of banking. The study reveals patterns on the nature and the limits of crisis-induced policy change that can be found, as will be shown, in other contexts as well.