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    Varieties of liberalism: Anglo-Saxon capitalism in crisis?

    Konzelmann, Suzanne J. and Fovargue-Davies, M. and Schnyder, G. (2010) Varieties of liberalism: Anglo-Saxon capitalism in crisis? Working Paper. Centre for Business Research, Cambridge, UK.

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    Abstract

    ‘Global financial crisis’ is an inaccurate description of the current upheaval in the world’s financial markets. The initial banking crisis did not affect all countries to the same degree. Notably, while the US and UK banking systems were badly hit, those of the other two major Anglo-Saxon economies, Canada and Australia, remain largely unscathed and have even gained in terms of global market share. The national business systems and comparative corporate governance literatures underscore the similarities among these four ‘liberal market economies’ (LMEs) and would predict similar trajectories. This paper investigates the reasons behind the differing performance of the Anglo-Saxon banking systems, which defy a verdict of failure of the LME variety of capitalism as such.

    Metadata

    Item Type: Monograph (Working Paper)
    Keyword(s) / Subject(s): corporate governance, regulation, financial market instability, varieties of capitalism
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Corporate Governance and Ethics, London Centre for
    Depositing User: Suzanne Konzelmann
    Date Deposited: 18 Jan 2013 14:34
    Last Modified: 09 Dec 2016 11:07
    URI: http://eprints.bbk.ac.uk/id/eprint/5865

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