Financial liberalization and the reconstruction of state-market relations / Robert B. Packer.

Format:

Book

Author/Creator:

Packer, Robert B., 1963-

Contributor:

Class of 1891 Department of Arts Fund.

Series:

Financial sector of the American economy

Language:

English

Subjects (All):

International finance.

Capital movements.

Finance--Government policy.

Finance.

Local Subjects:

Capital movements.

International finance.

Finance--Government policy.

Physical Description:

223 pages ; 23 cm.

Place of Publication:

New York : Garland Pub., 1998.

Summary:

This study examines the causes and political consquences of financial liberalization in the advanced industrial states. Tracing the interaction between domestic political choices and the structure of the financial regime, the author argues that the ability of financial asset-holders to hedge political risk through portfolio diversification systematically constrains state behavior by rewarding some actions and punishing others. "Structural" phenomena are thus the activities of non-state actors who operate transnationally. In addressing the political influence of financial asset-holders, this study challenges traditional state-centric explanations for policy choice.

This work will be of interest to political scientists, economists, and scholars studying international political economy.

Notes:

Includes bibliographical references (pages 211-218) and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Class of 1891 Department of Arts Fund.

ISBN:

0815331614

OCLC:

39627579