Culpepper Lab

University of Oxford

- · United Kingdom

ERC-funded
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ERC Advanced Grant · 2017

Banks, Popular Backlash, and the Post-Crisis Politics of Financial Regulation

Driven by public outrage at bank bailouts during the financial crisis, many governments have since then tried to rewrite the rules governing finance. Yet the anger provoked by the bailouts has not subsided. In Europe and in North America, citizen fury against bankers continues to structure battles over financial regulation. It also affects broader perceptions of fairness in the political system and feeds anti-elite populism. Scholars of political economy have chronicled the clashes between states and large banks, and scholars of political behaviour have noted the failings of governments to respond to the will of democratic majorities. No one has explored the feedback loops between policies…

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