Governance After The Crisis

Graham Wilson

in The Oxford Handbook of Governance

Published in print March 2012 | ISBN: 9780199560530
Published online September 2012 | | DOI:

Series: Oxford Handbooks in Politics & International Relations

Governance After The Crisis


This article analyses governance in relation to the causes of the global financial crisis (GFC) of 2008–2010. It shows that many explanations of the GFC have linked its origins to trends in governance preceding it, including beliefs and practices such as faith in the superiority of markets, central bank independence, and increased reliance on regulation, or preferably, civil regulation. The article discusses the elements in the governance package and evaluates the impact of the GFC on them, and also considers the depoliticisation of governance, central bank independence, and short-term responses in governance to the GFC.

Keywords: global financial crisis; governance; markets; central bank independence; civil regulation

Article.  7175 words. 

Subjects: Politics ; Public Policy

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