American Empire and the Political Economy of Global Finance (International Political Economy Series)

In A Lively Critique Of How International And Comparative Political Economy Misjudge The Relationship Between Global Markets And States, This Book Demonstrates The Central Place Of The American State In Today's World Of Globalized Finance. The Contributors Set Aside Traditional Emphases On Military Intervention, Looking Instead To Economics. Demystifying Imperial Finance / Leo Panitch And Martijn Konings -- Finance And American Empire / Leo Panitch And Sam Gindin -- American Finance And Empire In Historical Perspective / Martijn Konings -- Us Structural Power And The Internationalization Of The Us Treasury / David Sarai -- Neoliberalism And The Federal Reserve / Eric Newstadt -- Us Power And The International Bond Market: Financial Flows And The Construction Of Risk Value / Scott Aquanno -- Towards The Americanization Of European Finance? The Case Of Finance-led Accumulation In Germany / Thomas Sablowski -- Accounting For Financial Capital: American Hegemony And The Conflict Over International Accounting Standards / Thomas Sablowski -- From Bretton Woods To Neoliberal Reforms: The International Financial Institutions And American Power / Ruth Felder -- The Role Of The Financial Discipline In Imperial Strategy / Christopher Rude -- The Politics Of Imperial Finance / Martijn Konings And Leo Panitch. Edited By Leo Panitch And Martijn Konings. Originally Published: 2008. The Relationship Between States And Globalization Is One Of The Burning Questions Of Our Time. Providing A Lively Critique Of How International And Comparative Political Economy Misjudge The Relationship Between Markets And States, This Book Demonstrates The American State's Central Place In Today's World Of Globalized Finance. While Us Military Interventions Draw Most Attention To The Imperial Nature Of The American State, The Highly Original Contributions Here Show How Us Power Is Embedded In The Structures Of Global Finance. This Book Reveals The Role The American State Plays In The Expansion Of International Financial Markets And In Managing The Economic Crises That Emanate From Them.--book Jacket. Demystifying Imperial Finance / Leo Panitch And Martijn Konings -- Finance And American Empire / Leo Panitch And Sam Gindin -- American Finance And Empire In Historical Perspective / Martijn Konings -- Us Structural Power And The Internationalization Of The Us Treasury / David Sarai -- Neoliberalism And The Federal Reserve / Eric Newstadt -- Us Power And The International Bond Market: Financial Flows And The Construction Of Risk Value / Scott Aquanno -- Towards The Americanization Of European Finance? The Case Of Finance-led Accumulation In Germany / Thomas Sablowski -- Accounting For Financial Capital: American Hegemony And The Conflict Over International Accounting Standards / Thomas Sablowski -- From Bretton Woods To Neoliberal Reforms: The International Financial Institutions And American Power / Ruth Felder -- The Role Of The Financial Discipline In Imperial Strategy / Christopher Rude -- The Politics Of Imperial Finance / Martijn Konings And Leo Panitch. Edited By Leo Panitch, Martijn Konings. Includes Bibliographical References (p. 253-274) And Index. Front Matter....Pages i-xi Demystifying Imperial Finance....Pages 1-13 Front Matter....Pages 15-15 Finance and American Empire....Pages 17-47 American Finance and Empire in Historical Perspective....Pages 48-68 Front Matter....Pages 69-69 US Structural Power and the Internationalization of the US Treasury....Pages 71-89 Neoliberalism and the Federal Reserve....Pages 90-118 US Power and the International Bond Market: Financial Flows and the Construction of Risk Value....Pages 119-134 Towards the Americanization of European Finance? The Case of Finance-Led Accumulation in Germany....Pages 135-158 Accounting for Financial Capital: American Hegemony and the Conflict Over International Accounting Standards....Pages 159-174 From Bretton Woods to Neoliberal Reforms: the International Financial Institutions and American Power....Pages 175-197 The Role of Financial Discipline in Imperial Strategy....Pages 198-222 Front Matter....Pages 223-223 The Politics of Imperial Finance....Pages 225-252 The Political Economy of the Subprime Crisis....Pages 253-292 Back Matter....Pages 293-334 This book analyzes America's unique role in the making and managing of global finance, setting it in the context of the historical, social and institutional interface between politics and finance. It is highly topical amidst the challenges of crises in globalized financial markets. It provides a distinctive and original theoretical approach which enlightens new imperialism debates and the developments in international and political economy. It offers a wide-ranging coverage of the key American and international institutions in global finance. In a lively critique of how international and comparative political economies misjudge the relationship between global markets and states, this book demonstrates the central place of the American state in today's world of globalized finance. The contributors set aside traditional emphasis on military intervention, looking instead to economics Presents a critique of how international and comparative political economy misjudge the relationship between global markets and states. This book demonstrates the central place of the American state in the world of globalized finance.