Banks, popular backlash, and the post-crisis politics of financial regulation (Banklash)

By bringing together political economy, behavioural research and policy studies, ‘Banklash’ will study the mutual feedback loops linking post-crisis regulation, public opinion, and the media coverage that mediates between citizens and governments in all democracies.

The name 'Banklash' refers to the public outrage that the bank bailouts provoked during the financial crisis of 2007 and how that anger affects perceptions of fairness and feeds anti-elite populism.

With a focus on USA, UK, Germany, France, Switzerland and Canada, 'Banklash' will:

  1. collect the first cross-nationally comparable database on public attitudes towards finance, inequality, bankers’ pay, etc. It will also assess how different media ‘frames’ generate different responses/preferences in public opinion;
  2. analyse, through supervised machine learning, the dominant media ‘frames’ regarding the coverage of banking sector regulation; and
  3. examine the dynamics of policymaking and policy responsiveness within bank regulation. It will link episodes of policy intervention to the datasets on public opinion and attitudes, and to the analysis of the predominant media ‘frames’.

Expected outputs:

  • Multiple articles published in top tier journals.
  • A monograph in a major university press.
  • Two doctoral dissertations.
  • Cross-nationally comparable database on public attitudes towards finance, inequality, bankers’ pay, etc.

October 2018 - two Banklash doctoral scholarships are available (application deadline January 2019), find out more on the DPhil funding page, and here as a PDF download.

Project Info

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