Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the ‘global financial architecture.’ Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.
Cuprins
Acknowledgments
Tables
Introduction
I. Core Questions and Mental Categories
1. The Terms of the Debate: What’s Democracy Got to Do with It?
Leslie Elliott Armijo
II. Leadership and the Politics of Global Finance
2. Global Financial Architecture and Hegemonic Leadership in the New Millennium
Mark R. Brawley
3. Capital Controls: Why Do Governments Hesitate?
Benjamin J. Cohen
4. Reforming the International Financial Institutions: Dueling Experts in the United States
C. Fred Bergsten
III. Stability, Equity, and the Economics of Global Finance
5. The Economic Case against Free Capital Mobility
David Felix
6. The Redesign of the International Financial Architecture from a Latin American Perspective: Who Pays the Bill?
Eduardo Fernández-Arias and Ricardo Hausmann
7. Reform Proposals from Developing Asia: Finding a Win-Win Strategy
Ashima Goyal
IV. The Conundrum of Multilateral Reform
8. Japan and the New Financial Order in East Asia: From Competition to Cooperation
Henry Laurence
9. Reform without Representation? The International and Transnational Dialogue on the Global Financial Architecture
Tony Porter and Duncan Wood
10. The European Monetary Union as a Response to Globalization
Erik Jones
Afterword: Of Bubbles and Buildings: Financial Architecture in a Liberal Democratic Era
Laurence Whitehead
Contributors
List of Titles, SUNY series in Global Politics
Index
Despre autor
Leslie Elliott Armijo is Visiting Scholar at Reed College and the editor of
Financial Globalization and Democracy in Emerging Markets.