Global Financial Integration Thirty Years On
From Reform to Crisis
Published on 30. August 2012
Book
Paperback/Softback
376 pages
978-1-107-40690-2 (ISBN)
Description
Early in the new millennium it appeared that a long period of financial crisis had come to an end, but the world now faces renewed and greater turmoil. This 2010 volume analyses the past three decades of global financial integration and governance and the recent collapse into crisis, offering a coherent and policy-relevant overview. State-of-the-art research from an interdisciplinary group of scholars illuminates the economic, political and social issues at the heart of devising an effective and legitimate financial system for the future. The chapters offer debate around a series of core themes which probe the ties between public and private actors and their consequences for outcomes for both developed markets and developing countries alike. The contributors argue that developing effective, legitimate financial governance requires enhancing public versus private authority through broader stakeholder representation, ensuring more acceptable policy outcomes.
Reviews / Votes
Review of the hardback: 'Amidst the flurry of commentary provoked by the global financial crisis, this impressive collection of essays stands out for both the breadth of its coverage and the depth of its analysis. The editors have brought together an outstanding group of scholars to address the challenge of financial governance today, with the linked issues of effectiveness and legitimacy taking center stage. The book is a must read.' Benjamin J. Cohen, Louis G. Lancaster Professor of International Political Economy, University of California, Santa Barbara Review of the hardback: 'Written in the midst of an emergency that nearly brought down the global economy, the chapters in this timely and cohesive book range widely over a vital arena where the legitimacy and effectiveness of key policies are now highly debatable. The editors gathered many of the world's best analysts to set out and critically examine the post-crisis reform agenda. The result will reward the careful attention of scholars, students, and practitioners alike.' Louis W. Pauly, Canada Research Chair in Globalization and Governance and Director of the Centre for International Studies, University of Toronto; Editor, International Organization Review of the hardback: 'The global financial crisis has demonstrated the weaknesses of international financial governance. The emergence of the G20 is one response, but just a promising beginning. This book offers a wide range of timely lessons from history, political economy and finance to guide us in exploring new paths to a safer international financial system. It is a fine example of how research can inform policy.' Richard Portes, Professor of Economics, London Business SchoolMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 22 mm
Weight
609 gr
ISBN-13
978-1-107-40690-2 (9781107406902)
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
Other editions
Additional editions
Geoffrey R. D. Underhill | Jasper Blom | Daniel Muegge
Global Financial Integration Thirty Years On
From Reform to Crisis
E-Book
09/2010
1st Edition
Cambridge University Press
€32.49
Available for download
Geoffrey R. D. Underhill | Jasper Blom | Daniel Muegge
Global Financial Integration Thirty Years On
From Reform to Crisis
Book
09/2010
Cambridge University Press
€111.20
Shipment within 15-20 days
Persons
Content
Introduction: the challenges and prospects of global financial integration Geoffrey R. D. Underhill, Jasper Blom and Daniel Muegge; Part I. History and Context: Input, Output and the Current Architecture (Whence it Came): 1. Financial governance in historical perspective: lessons from the 1920s Randall Germain; 2. Between the storms: patterns in global financial governance 2001-7 Eric Helleiner and Stefano Pagliari; 3. Deliberative international financial governance and apex policy forums: where we are and where we should be headed Andrew Baker; 4. Finance, globalisation and economic development: the role of institutions Danny Cassimon, Panicos Demetriades and Bjoern Van Campenhout; Part II. Assessing the Current Financial Architecture (How Well Does it Work?): 5. Adopting international financial standards in Asia: convergence or divergence in the global political economy Andrew Walter; 6. The political economy of Basel II in the international financial architecture Stijn Claessens and Geoffrey R. D. Underhill; 7. The catalytic approach to debt workout in practice: coordination failure between the IMF, the Paris Club and official creditors Eelke de Jong and Koen van der Veer; 8. Empirical evidence on the new international aid architecture Stijn Claessens, Danny Cassimon and Bjoern van Campenhout; 9. Who governs and why? The making of a global anti-money laundering regime Eleni Tsingou; 10. Brazil and Argentina in the global financial system: contrasting approaches to development and foreign debt Victor Klagsbrunn; 11. Global markets, national alliances and financial transformations in East Asia Xiaoke Zhang; Part III. What Does the Future Hold? Reactions to the Current Regime and Prospects for Progress (Where is it Going?): 12. Changing transatlantic financial regulatory relations at the turn of the millennium Elliot Posner; 13. Monetary and financial co-operation in Asia: improving legitimacy and effectiveness? Heribert Dieter; 14. From microcredit to microfinance to inclusive finance: a response to global financial openness Brigitte Young; 15. Combating pro-cyclicality in the international financial architecture: towards development-friendly financial governance Jose Ocampo and Stephany Griffith-Jones; 16. Public interest, national diversity and global financial governance Geoffrey R. D. Underhill and Xiaoke Zhang; Conclusion: whither global financial governance after the crisis? Daniel Muegge, Jasper Blom and Geoffrey R. D. Underhill.