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The Politicisation of Banking
Author(s) -
Atkinson Rodney
Publication year - 1985
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1985.tb01085.x
Subject(s) - incentive , economic interventionism , currency , politics , work (physics) , state (computer science) , government (linguistics) , intervention (counseling) , economics , financial system , business , political economy , market economy , political science , monetary economics , law , engineering , mechanical engineering , psychology , linguistics , philosophy , algorithm , psychiatry , computer science
Growing government intervention in the international currency markets has distorted incentives and disguised risks. Rodney Atkinson, formerly an economist with Grindlay's Bank, argues that increasing state interference has led bankers to respond to political, not commercial, signals. Many bankers are now rewarded according to their ability to ‘work the system’ rather than for economic expertise.