Governing Financial Globalisation: The Political Economy of Multi-Level Governance (Routledge/Ripe Studies in Global Political Economy)

Money, finance and credit are literally the lifeblood of the modern economy. The distribution of money and credit are essential to productive investment in trade and industry, to the maintenance of consumer purchasing power and demand, to individuals' social status and standard of living, and ultimately to public order. This importnat new volume provides a wide-ranging discussion of both the potential and the problems arising from the application of multi-level governance literature to the monetary and financial domain. The contributors achieve this through a range of case studies and conceptual discussions of the issues raised by financial and monetary governance, acknowledging that multi-level governance has to take the form of a framework which recognizes a fluid range of scales, and the significance of non-formal institutional and social nodes of authority. Introduction : financial globalization and multi-level governance / Andrew Baker, David Hudson, Richard Woodward Power, markets and accountability : the development of multi-level governance in international finance / Philip G. Cerny Money and the spatial challenge : multi-level governance and the 'territorial trap' / Richard Woodward Locating and understanding the marketplace in financial governance : IPE, interdisciplinarity and multi-level governance / David Hudson The everyday life of global finance : a neglected 'level' of governance / Paul Langley The three-dimensional governance of macroeconomic policy in the advanced capitalist world / Andrew Baker European banking policy : between multilevel governance and Europeanization / Emiliano Grossman The IMF, middle income countries and the Asian financial crisis : multi-level governance as adaptation / Ben White Globalization and the City of London's financial markets : the emergence of multi-level governance in principal financial centers / Richard Woodward The new international financial architecture : an emerging multi-level structure of neo-liberal discipline / Susanne Soederberg Conclusions : financial globalization, multi-level governance, and IPE / Andrew Baker, David Hudson and Richard Woodward.

Money, finance and credit are literally the lifeblood of the modern economy. The distribution of money and credit are essential to productive investment in trade and industry, to the maintenance of consumer purchasing power and demand, to individuals' social status and standard of living, and ultimately to public order.

This importnat new volume provides a wide-ranging discussion of both the potential and the problems arising from the application of multi-level governance literature to the monetary and financial domain. The contributors achieve this through a range of case studies and conceptual discussions of the issues raised by financial and monetary governance, acknowledging that multi-level governance has to take the form of a framework which recognizes a fluid range of scales, and the significance of non-formal institutional and social nodes of authority.

Book Cover......Page 1 Half-Title......Page 2 Title......Page 7 Copyright......Page 8 Contents......Page 9 Illustrations......Page 11 Foreword......Page 15 Acknowledgements......Page 17 Part I......Page 18 1: Introduction......Page 19 2: Power, markets and accountability......Page 38 3: Money and the spatial challenge......Page 61 4: Locating and understanding the......Page 73 Part II......Page 92 5: The everyday life of global finance......Page 93 6: The three-dimensional governance of......Page 109 7: European banking policy......Page 134 8: The IMF, middle-income countries and the......Page 149 9: Globalization and the City of London’s......Page 171 10: The New International Financial......Page 188 Part III......Page 208 11: Conclusions......Page 209 Bibliography......Page 219 Index......Page 246 "This volume unpacks the increasingly complex patterns of governance and authority associated with financial globalization by discussing a range of complementary case studies."--Jacket