The International Organization of Credit: States and Global Finance in the World-Economy

ISBN-13: 9780521598514 / Angielski / Miękka / 1997 / 224 str.

Randall D. Germain; Steve Smith; Thomas Biersteker

Opis

Randall Germain explores the changing political economy of finance at the global level. He relates changes in global finance to wider changes in the organization of the international economy, and considers how commercial and investment banks have responded institutionally to these changes. Changes in the institutional organization of credit have rendered traditional policy instruments for controlling credit less useful today than in the past. Germain thus argues that the international organization of credit is likely to be relatively unstable into the twenty-first century, and the role of states within the global credit system will be precarious.

Recenzje

'There is no doubt that The International Organization of Credit merits close attention. Anyone interested in the restructuring of relationships within the world economy, and particularly the power of finance, will find this a wide-ranging, innovative and thought-provoking contribution to, and construction of, both IPE as a discipline and the international political economy as everyday practice.' Adam David Morton, International Affairs

Spis treści

List of figures and tables; Preface; Note on figures and tables; Glossary; 1. Routes to international political economy: accounting for international monetary order; Part I. The International Organization of Credit in Historical Perspective: 2. The power of cities and their limits: principal financial centres and international monetary order; 3. Between change and continuity: reconstructing 'Bretton Woods'; Part II. The Contemporary International Organization of Credit: 4. The era of decentralized globalization; 5. Decentralized globalization and the exercise of public authority; 6. Finance, power and the world-economy approach: towards an historical-institutional international political economy; Appendix: top merchant/investment banks, by city and era; References; Index.