Shaping a New International Financial System: Challenges of Governance in a Globalizing World (G8 and Global Governance)

"This title was first published in 2000: An outstanding volume which examines the professional economic merits, practical feasibility, and underlying politics of the hotly contested competing initiatives for strengthening the international financial system. Challenging much of the conventional wisdom, it offers a comprehensive account of the traditional enduring financial issues facing the G7 and the fundamental architectural elements of the new systemic design. This authoritative text contains a rich and balanced array of contributions from distinguished experts from all G7 countries and from emerging markets outside. Essential reading for academics in the areas of economics and management, to political scientists specializing in international political economy and to officials in the government and the private sector."--Provided by publisher A Volume Which Examines The Professional Economic Merits, Practical Feasibility, And Underlying Politics Of The Hotly Contested Competing Initiatives For Strengthening The International Financial System. Challenging Much Of The Conventional Wisdom, It Offers A Comprehensive Account Of The Traditional Enduring Financial Issues Facing The G7 And The Fundamental Architectural Elements Of The New Systemic Design. This Authoritative Text Contains A Rich And Balanced Array Of Contributions From Distinguished Experts From All G7 Countries And From Emerging Markets Outside. Essential Reading For Academics In The Areas Of Economics And Management, To Political Scientists Specialising In International Political Economy, And To Officials In The Government And The Private Sector.--jacket. Shaping A New International Financial System : Contributions And Challenges / Karl Kaiser, John J. Kirton, Joseph P. Daniels -- Part I. The Crisis And Its Legacies. The G7 Summit's Contribution : Past, Present, And Prospective / Nicholas Byrne -- The Asian Crisis. And Its Implications / Takashi Kiuchi -- The G7, International Finance, And Developing Countries / Duncan Wood -- The Dynamics Of G7 Leadership In Crisis Response And System Reconstruction / John J. Kirton -- Part Ii. Constructing The New System. Transparentising The Global Money Business : Glasnost Or Just Another Wild Card In Play? / George M. Von Furstenberg -- Global Capital Flows : Maximising Benefits, Minimising Risks / Joseph P. Daniels -- The New Financial Architecture For The Global Economy / Norbert Walter -- The Role Of The International Monetary Fund As Lender Of Last Resort / Curzio Giannini -- Part Iii. The Broader Issues. Practising Exchange Rate Flexibility / Olivier Davanne And Pierre Jacquet -- Can Small Countries Keep Their Own Money And Floating Exchange Rates? / George M. Von Furstenberg -- From Globalisation To Regionalism : The Foreign Direct Investment Dimension Of International Finance / Alan M. Rugman -- Challenges And Contributions To The Conventional Wisdom / Karl Kaiser, John J. Kirton, And Joseph P. Daniels -- Appendix: Strengthening The International Financial Architecture. Report Of G7 Finance Ministers To The Köln Economic Summit. Edited By Karl Kaiser, John J. Kirton, Joseph P. Daniels. Includes Bibliographical References And Index. This Guide To The G7/g8 System Discusses Its Characteristics, Origins, Role And Agenda As Well As Reviewing Its Evolution And Surveying The Major Debates And Questions. It Additionally Examines Its Complex And Illusive Documentation. 1. Everette And Maybelle -- 2. Louise And Ben -- 3. The Kingdom Of Swing -- 4. Ciribiribin -- 5. You Made Me Love You -- 6. Trees, The Legs, And The Lip -- 7. Hollywood Royalty -- 8. The In-between Years -- 9. Back To Basie -- 10. I Don't Want To Walk Without You. Peter I. Hajnal ; With A Contribution By Sian Meikle. G7/g8 Bibliography: P. 129-186. Includes Bibliographical References And Index. Explores the emergence of the newly revitalized and expanded Group of Eight major market democracies, now including russia, as it confronts the challenges of shaping global order in the new millennium. Leading authorities from North America, Europe and Asia bring the insights of economics, political science, management studies, law and public service to bear on the critical issues at the centre of the G8 leaders' attention as they move from the Birmingham Summit of 1998 toward and beyond the Cologne Summit of 1999. An examination of the professional economic merits, practical feasibility, and underlying politics of the hotly contested competing initiatives for strengthening the international financial system. Challenging much of the conventional wisdom, it offers a comprehensive account of the traditional enduring financial issues facing the G7 and the fundamental architectural elements of the new systemic design. The text contains an array of contributions from experts from all G7 countries and from emerging markets outside This text discusses the origins, characteristics, role and agenda of the G7/G8 system. It reviews the organization's evolution, surveys major debates and questions about the G7/G8 and provides a detailed study of the documentation of and about this institution. This collection of papers from two conferences on the role of the G8 provides a critical, scholarly assessment of the G's prospects in addressing challenges of the post Cold War world of globalization and deepening integration.