Debating the Global Financial Architecture
Published on 1. August 2002
Book
Paperback/Softback
316 pages
978-0-7914-5450-3 (ISBN)
Description
Looks at alternatives to international financial institutions such as the IMF and World Bank.
Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the "global financial architecture." Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.
Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the "global financial architecture." Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.
Reviews / Votes
"In Debating the Global Financial Architecture, a dozen distinguished political scientists and economists assess the state of the contemporary international financial system. They eschew facile policy recommendations in favor of serious analyses of global financial relations, and of the broad implications of the reform proposals policymakers have been wrestling with. The book contains an intelligent and integrated set of essays that will be of interest to all those who want a better understanding of current international financial policy debates." - Jeffry A. Frieden, Harvard University"The debate over the international financial architecture has been contentious, ranging from those who would abolish the International Monetary Fund in the name of free markets to advocates of capital controls. This excellent volume gathers a prestigious and well-balanced group of economists and political scientists to review the issues, including regional perspectives from Latin America, Europe and Asia. Timely and useful." - Stephan Haggard, University of California, San Diego
More details
Series
Language
English
Place of publication
Albany, NY
United States
Target group
College/higher education
US School Grade: College Graduate Student and over
Product notice
Paperback (trade)
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 19 mm
Weight
525 gr
ISBN-13
978-0-7914-5450-3 (9780791454503)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Leslie Elliott Armijo is Visiting Scholar at Reed College and the editor of Financial Globalization and Democracy in Emerging Markets.
Content
Acknowledgments
Tables
Introduction
I. Core Questions and Mental Categories
1. The Terms of the Debate: What's Democracy Got to Do with It?
Leslie Elliott Armijo
II. Leadership and the Politics of Global Finance
2. Global Financial Architecture and Hegemonic Leadership in the New Millennium
Mark R. Brawley
3. Capital Controls: Why Do Governments Hesitate?
Benjamin J. Cohen
4. Reforming the International Financial Institutions: Dueling Experts in the United States
C. Fred Bergsten
III. Stability, Equity, and the Economics of Global Finance
5. The Economic Case against Free Capital Mobility
David Felix
6. The Redesign of the International Financial Architecture from a Latin American Perspective: Who Pays the Bill?
Eduardo Fernandez-Arias and Ricardo Hausmann
7. Reform Proposals from Developing Asia: Finding a Win-Win Strategy
Ashima Goyal
IV. The Conundrum of Multilateral Reform
8. Japan and the New Financial Order in East Asia: From Competition to Cooperation
Henry Laurence
9. Reform without Representation? The International and Transnational Dialogue on the Global Financial Architecture
Tony Porter and Duncan Wood
10. The European Monetary Union as a Response to Globalization
Erik Jones
Afterword: Of Bubbles and Buildings: Financial Architecture in a Liberal Democratic Era
Laurence Whitehead
Contributors
List of Titles, SUNY series in Global Politics
Index
Tables
Introduction
I. Core Questions and Mental Categories
1. The Terms of the Debate: What's Democracy Got to Do with It?
Leslie Elliott Armijo
II. Leadership and the Politics of Global Finance
2. Global Financial Architecture and Hegemonic Leadership in the New Millennium
Mark R. Brawley
3. Capital Controls: Why Do Governments Hesitate?
Benjamin J. Cohen
4. Reforming the International Financial Institutions: Dueling Experts in the United States
C. Fred Bergsten
III. Stability, Equity, and the Economics of Global Finance
5. The Economic Case against Free Capital Mobility
David Felix
6. The Redesign of the International Financial Architecture from a Latin American Perspective: Who Pays the Bill?
Eduardo Fernandez-Arias and Ricardo Hausmann
7. Reform Proposals from Developing Asia: Finding a Win-Win Strategy
Ashima Goyal
IV. The Conundrum of Multilateral Reform
8. Japan and the New Financial Order in East Asia: From Competition to Cooperation
Henry Laurence
9. Reform without Representation? The International and Transnational Dialogue on the Global Financial Architecture
Tony Porter and Duncan Wood
10. The European Monetary Union as a Response to Globalization
Erik Jones
Afterword: Of Bubbles and Buildings: Financial Architecture in a Liberal Democratic Era
Laurence Whitehead
Contributors
List of Titles, SUNY series in Global Politics
Index