The consequences of the global financial crisis : the rhetoric of reform and regulation / edited by Wyn Grant and Graham K. Wilson.

Format:

Book

Contributor:

Grant, Wyn.

Wilson, Graham K.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Financial institutions--Government policy.

Financial institutions.

International finance--Law and legislation.

International finance.

Physical Description:

xiv, 272 pages : illustrations ; 25 cm

Place of Publication:

Oxford, UK : Oxford University Press, 2012.

Summary:

The Global Financial Crisis is the most serious economic crisis since the Great Depression, and although many have explored its causes, relatively few have focused on its consequences. Unlike earlier crises, no new paradigm seems yet to have come forward to challenge existing ways of thinking, and neo-liberalism has emerged relatively unscathed. This crisis, characterized by remarkable policy stability, has lacked a coherent and innovative intellectual response.

This book, however, systematically explores the consequences of the crisis. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the Global Financial Crisis itself and these responses. It brings together leading academics to consider the divergent ways in which particular countries have reacted to the crisis, including the US, the UK, China, Europe, and Scandinavia. The book also assesses attempts to develop global economic governance and to reform financial regulation, and looks critically at the role of credit rating agencies. Book jacket.

Contents:

1 Introduction / Graham K. Wilson Wilson, Graham K., Wyn Grant Grant, Wyn 1

2 The Theory and Practice of Global Economic Governance in the Early Twenty-First Century: The Limits of Multilateralism / Richard Higgott Higgott, Richard 15

3 The United Kingdom: The Triumph of Fiscal Realism? / Andrew Gamble Gamble, Andrew 34

4 The United States: The Strange Survival of (Neo)Liberalism / Graham K. Wilson Wilson, Graham K. 51

5 Constructing Financial Markets: Reforming Over-the-Counter Derivatives Markets in the Aftermath of the Financial Crisis / Glenn Morgan Morgan, Glenn 67

6 Financial Regionalism after the Global Financial Crisis: Regionalist Impulses and National Strategies / William W. Grimes Grimes, William W. 88

7 Regaining Control? Capital Controls and the Global Financial Crisis / Kevin P. Gallagher Gallagher, Kevin P. 109

8 Institutional Failure and the Global Financial Crisis / Timothy J. Sinclair Sinclair, Timothy J. 139

9 What Happened to the State-Influenced Market Economies (SMEs)? France, Italy, and Spain Confront the Crisis as the Good, the Bad, and the Ugly / Vivien A. Schmidt Schmidt, Vivien A. 156

10 Social Solidarity in Scandinavia after the Fall of Finance Capitalism / Cathie Jo Martin Martin, Cathie Jo 187

11 French Responses to the Global Economic Crisis: The Political Economy of "Post-Dirigisme" and New State Activism / Ben Clift Clift, Ben 206

12 Paradigm(s) Shifting? Responding to China's Response to the Global Financial Crisis / Shaun Breslin Breslin, Shaun 226

13 Conclusion / Graham K. Wilson Wilson, Graham K., Wyn Grant Grant, Wyn 247.

Notes:

Includes bibliographical references.

ISBN:

9780199641987

0199641986

OCLC:

779873041