The Globalized Governance Of Finance
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Author |
: David Zaring |
Publisher |
: Cambridge University Press |
Total Pages |
: 181 |
Release |
: 2019-12-12 |
ISBN-10 |
: 9781108475518 |
ISBN-13 |
: 1108475515 |
Rating |
: 4/5 (18 Downloads) |
Synopsis The Globalized Governance of Finance by : David Zaring
Argues that the global, informal process supervising the financial system is an overlooked form of international governance that actually works.
Author |
: Kern Alexander |
Publisher |
: Oxford University Press |
Total Pages |
: 329 |
Release |
: 2006 |
ISBN-10 |
: 9780195166989 |
ISBN-13 |
: 0195166981 |
Rating |
: 4/5 (89 Downloads) |
Synopsis Global Governance of Financial Systems by : Kern Alexander
The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.
Author |
: Ilene Grabel |
Publisher |
: MIT Press |
Total Pages |
: 401 |
Release |
: 2019-08-06 |
ISBN-10 |
: 9780262538527 |
ISBN-13 |
: 0262538520 |
Rating |
: 4/5 (27 Downloads) |
Synopsis When Things Don't Fall Apart by : Ilene Grabel
An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.
Author |
: Emilios Avgouleas |
Publisher |
: Cambridge University Press |
Total Pages |
: 501 |
Release |
: 2012-04-26 |
ISBN-10 |
: 9780521762663 |
ISBN-13 |
: 0521762669 |
Rating |
: 4/5 (63 Downloads) |
Synopsis Governance of Global Financial Markets by : Emilios Avgouleas
Analyses governance structures for international finance, evaluates current regulatory reforms and proposes a new governance system for global financial markets.
Author |
: David Zaring |
Publisher |
: Cambridge University Press |
Total Pages |
: 181 |
Release |
: 2019-12-12 |
ISBN-10 |
: 9781108654791 |
ISBN-13 |
: 1108654797 |
Rating |
: 4/5 (91 Downloads) |
Synopsis The Globalized Governance of Finance by : David Zaring
Big banks are capable of wreaking havoc on the global economy, and governments have often felt powerless to stop them. Regulators have responded by developing coordinated programs to handle banks, insurers, broker dealers, shadow banks and other businesses that can blow up in a crisis. This program began informally and undemocratically, and has developed into something much more organized, formalized and predictable, even though it has never been legally enforceable. David Zaring examines the realities of the current international financial system and concludes that in fact this is a well-ordered and functioning regulatory environment: the international financial system enjoys a substantial degree of compliance, and operates predictably and harmoniously. As a result, perhaps this could serve as a paradigm for future global governance. Zaring explores three aspects of international financial regulation that can inform global governance: harmonization through rules, cooperation on enforcement and agreement on fundamental principles.
Author |
: John J. Kirton |
Publisher |
: Routledge |
Total Pages |
: 515 |
Release |
: 2016-04-15 |
ISBN-10 |
: 9781317131113 |
ISBN-13 |
: 1317131118 |
Rating |
: 4/5 (13 Downloads) |
Synopsis G20 Governance for a Globalized World by : John J. Kirton
This book offers the most thorough, detailed inside story of the preparation, negotiation, performance, and achievements of G20 gatherings from their start at the finance level in 1999 through their rise to become leader-level summits in response to the great global financial crisis in 2008. Follow the moves of America’s George Bush and Barack Obama, Britain’s Gordon Brown and David Cameron, Canada’s Stephen Harper, Germany’s Angela Merkel, and other key leaders as they struggle to contain the worst global recession since the Great Depression of the 1930s. This book provides a full chapter-long account of each of the first four G20 summits from Washington to Toronto with summaries of the ensuing summits. It uses international relations theory to build and apply a model of systemic hub governance to back its central claim to show convincingly that G20 performance has grown to successfully govern an increasingly interconnected, complex, crisis-ridden, globalized twenty-first century world.
Author |
: James P. Hawley |
Publisher |
: University of Pennsylvania Press |
Total Pages |
: 351 |
Release |
: 2011-04-15 |
ISBN-10 |
: 9780812204643 |
ISBN-13 |
: 0812204646 |
Rating |
: 4/5 (43 Downloads) |
Synopsis Corporate Governance Failures by : James P. Hawley
Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly sophisticated institutional investors in this crisis has gone for the most part unexamined. Shareholding organizations, such as pension funds and mutual funds, hold considerable sway over the financial industry from Wall Street to the City of London. Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis exposes the misdeeds and lapses of these institutional investors leading up to the recent economic meltdown. In this collection of original essays, edited by pioneers in the field of fiduciary capitalism, top legal and financial practitioners and researchers discuss detrimental actions and inaction of institutional investors. Corporate Governance Failures reveals how these organizations exposed themselves and their clientele to extremely complex financial instruments, such as credit default swaps, through investments in hedge and private equity funds as well as more traditional equity investments in large financial institutions. The book's contributors critique fund executives for tolerating the "pursuit of alpha" culture that led managers to pursue risky financial strategies in hopes of outperforming the market. The volume also points out how and why institutional investors failed to effectively monitor such volatile investments, ignoring relatively well-established corporate governance principles and best practices. Along with detailed investigations of institutional investor missteps, Corporate Governance Failures offers nuanced and realistic proposals to mitigate future financial pitfalls. This volume provides fresh perspectives on ways institutional investors can best act as gatekeepers and promote responsible investment.
Author |
: Dirk Schoenmaker |
Publisher |
: Oxford University Press |
Total Pages |
: 238 |
Release |
: 2013-03-05 |
ISBN-10 |
: 9780199971619 |
ISBN-13 |
: 0199971617 |
Rating |
: 4/5 (19 Downloads) |
Synopsis Governance of International Banking by : Dirk Schoenmaker
Global governance of international banks is breaking down after the Great Financial Crisis, as national regulators are withdrawing on their home turf. New evidence presented illustrates that the global systemically important banks underpin the global financial system. This book offers solutions for the effective governance of global banks.
Author |
: Heather McKeen-Edwards |
Publisher |
: Routledge |
Total Pages |
: 242 |
Release |
: 2013 |
ISBN-10 |
: 9780415659741 |
ISBN-13 |
: 0415659744 |
Rating |
: 4/5 (41 Downloads) |
Synopsis Transnational Financial Associations and the Governance of Global Finance by : Heather McKeen-Edwards
The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance. This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as merely transmitting power originating elsewhere, this book argues that power must be created by painstakingly assembling actors, networks, and objects that are often quite autonomous and working at cross purposes to one another--a process in which TFAs play a central role. The book explores these themes in chapters examining the roles of TFAs in interacting with public authorities, constructing global financial markets, and creating financial communities. The authors additionally analyse the roles of TFAs in the European Union, in the Global South, and in promoting goals other than profitability, including Islamic finance, microfinancing, savings banks and cooperatives. Making a distinctive contribution to our understanding of global finance and global governance, Transnational Financial Associations and the Governance of Global Finance is an important book for students and scholars of international political economy, finance, global governance and international relations.
Author |
: Jamie Martin |
Publisher |
: Harvard University Press |
Total Pages |
: 353 |
Release |
: 2022-06-14 |
ISBN-10 |
: 9780674275775 |
ISBN-13 |
: 0674275772 |
Rating |
: 4/5 (75 Downloads) |
Synopsis The Meddlers by : Jamie Martin
“The Meddlers is an eye-opening, essential new history that places our international financial institutions in the transition from a world defined by empire to one of nation states enmeshed in the world economy.” —Adam Tooze, Columbia University A pioneering history traces the origins of global economic governance—and the political conflicts it generates—to the aftermath of World War I. International economic institutions like the International Monetary Fund and World Bank exert incredible influence over the domestic policies of many states. These institutions date from the end of World War II and amassed power during the neoliberal era of the late twentieth century. But as Jamie Martin shows, if we want to understand their deeper origins and the ideas and dynamics that shaped their controversial powers, we must turn back to the explosive political struggles that attended the birth of global economic governance in the early twentieth century. The Meddlers tells the story of the first international institutions to govern the world economy, including the League of Nations and Bank for International Settlements, created after World War I. These institutions endowed civil servants, bankers, and colonial authorities from Europe and the United States with extraordinary powers: to enforce austerity, coordinate the policies of independent central banks, oversee development programs, and regulate commodity prices. In a highly unequal world, they faced a new political challenge: was it possible to reach into sovereign states and empires to intervene in domestic economic policies without generating a backlash? Martin follows the intense political conflicts provoked by the earliest international efforts to govern capitalism—from Weimar Germany to the Balkans, Nationalist China to colonial Malaya, and the Chilean desert to Wall Street. The Meddlers shows how the fraught problems of sovereignty and democracy posed by institutions like the IMF are not unique to late twentieth-century globalization, but instead first emerged during an earlier period of imperial competition, world war, and economic crisis.