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RESEARCH PRODUCT

The Politicisation of Banking

Rodney Atkinson

subject

International currencymedia_common.quotation_subjectGeography Planning and DevelopmentAerospace EngineeringDevelopmentPoliticsIncentiveWork (electrical)State (polity)EconomyEconomic interventionismPolitical economyEconomicsmedia_common

description

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.

https://doi.org/10.1111/j.1468-0270.1985.tb01085.x