International financial governance under stress : global structures versus national imperatives / [edited by] Geoffrey R.D. Underhill, Xiaoke Zhang.

Format:

Book

Contributor:

Underhill, Geoffrey R. D., editor.

Zhang, Xiaoke, editor.

Series:

Global economic institutions ; 4.

Global economic institutions ; 4

Language:

English

Subjects (All):

International finance--Congresses.

International finance.

Financial crises--Congresses.

Financial crises.

Monetary policy--Congresses.

Monetary policy.

Financial crises--Asia--Congresses.

Monetary policy--Asia--Congresses.

Physical Description:

1 online resource (xiv, 395 pages) : digital, PDF file(s).

Edition:

1st ed.

Place of Publication:

Cambridge : Cambridge University Press, 2003.

Language Note:

English

Summary:

Persistent episodes of global financial crises have placed the existing system of international monetary and financial governance under stress. The resulting economic turmoil provides a focal point for rethinking the norms and institutions of global financial architecture and the policy options of public and private authorities at national, regional and transnational levels. This volume moves beyond analysis of the causes and consequences of recent financial crises and concentrates on issues of policy. Written by distinguished scholars, it focuses on the tension between global market structures and national policy imperatives. Accessible to both specialists and general readers, the analysis is coherent across a broad range of theoretical and empirical cases. Offering a series of reasoned policy responses to financial integration and crises, the volume grapples directly with the institutional and often-neglected normative dimensions of international financial architecture. The volume thus constitutes required reading for scholars and policy-makers.

Contents:

Introduction : global market integration, financial crises and policy imperatives / Geoffrey R.D. Underhill and Xiaoke Zhang

Reform of the international financial architecture : what has been written? / Jonathan Story

Costs and benefits of financial globalisation : concepts, evidence and implications / John Williamson

Capital controls : the neglected option / Benjamin J. Cohen

Global structures and political imperatives : in search of normative underpinnings for international financial order / Geoffrey R.D. Underhill and Xiaoke Zhang

Crisis consequences : lessons from Thailand / Pasuk Phongpaichit and Chris Baker

The politics of financial reform : recapitalising Indonesia's banks / Richard Robison

South Korea and the Asian crisis : the impact of the democratic deficit and OECD accession / Stephen L. Harris

Currency crisis in Russia and other transition economies / Vladimir Popov

Capital account convertibility and the national interest : has India got it right? / Vijay Joshi.

Learning to live without the Plan : financial reform in China / Shaun Breslin

The Asian financial crisis and Japanese policy reactions / Masayuki Tadokoro

Private capture, policy failures and financial crisis : evidence and lessons from South Korea and Thailand / Xiaoke Zhang and Geoffrey R.D. Underhill

Governance, markets and power : the political economy of accounting reform in Indonesia / Andrew Rosser

The private sector, international standards and the architecture of global finance / George Vojta and Marc Uzan

The legitimacy of international organisations and the future of global governance / Jean-Marc Coicaud and Luiz A. Pereira Da Silka

The G-7 and architecture debates : norms, authority and global financial governance / Andrew Baker

Bail-outs, bail-ins, and bankruptcy : evolution of the new architecture / Manmohan S. Kumar and Marcus Miller

Conclusion : towards the good governance of the international financial system / Geoffrey R.D. Underhill and Xiaoke Zhang.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

1-107-12604-5

1-280-15977-4

0-511-12091-5

0-511-04271-X

0-511-15792-4

0-511-32987-3

0-511-49252-9

0-511-05446-7

OCLC:

70729206