Policy Responses to the Globalization of American Banking

by Peter Dombrowski

Dombrowski (political science, U. of Iowa) explains the impact US banks' increasing globalization efforts have had on foreign policy and how the nation's goals conflict with those of private business. He specifically studies the voluntary credit restraint of the 1960s, the rise of international banking in the 1970s, and strategies for coping with global debt crisis in the 1980s. US regulators and policy makers have modified laws and economic policies to ensure stability domestically and internationally; however, the stakes are high and private bankers' actions can undermine international cooperation and threaten markets. The author offers cautionary advice regarding this interplay of investment and foreign policy. Annotation c. by Book News, Inc., Portland, Or.

248 pages, Hardcover

First published February 15, 1996