Global Monetary Governance

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Global Monetary Governance

Author : Benjamin J. Cohen
Publisher : Routledge
Page : 348 pages
File Size : 50,6 Mb
Release : 2007-12-06
Category : Business & Economics
ISBN : 9781135978624

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Global Monetary Governance by Benjamin J. Cohen Pdf

Benjamin J. Cohen has been one of the most original and influential writers on international political economy. This book provides an overview of his contribution to the field, grouped around the central theme of global monetary governance. The book is divided into three sections: challenges to systemic governance - examines the challenge of governance of the international monetary system looking at such crucial issues as monetary reform, the growth of capital markets and financial globalization dealing with financial crisis – looks at efforts to deal effectively with financial crises, analyzing the relationships between governments and banks in the management of international debt problems and the case for capital controls. There are case studies of the Asian financial crisis and several other key instances of instability in world markets the new geography of money – analyzes the crisis of legitimacy created by a global system where governing authority is exercised now more by market forces than by sovereign states. It explores the geopolitical implications of the competition between the two most widely used currencies in the world today, the US dollar and the Euro and spells out the main implications for policy makers. The concluding chapters evaluate the merits and prospects for the two most widely discussed policy alternatives available to governments responsible for the world’s many less competitive currencies – dollarization or monetary union.

Global Financial Governance Confronts the Rising Powers

Author : C. Randall Henning,Andrew Walter
Publisher : McGill-Queen's Press - MQUP
Page : 352 pages
File Size : 55,5 Mb
Release : 2016
Category : International finance
ISBN : 9781928096177

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Global Financial Governance Confronts the Rising Powers by C. Randall Henning,Andrew Walter Pdf

Rising powers pose challenges for global governance, substantively and institutionally, in the domain of financial and macroeconomic cooperation.

Governance of the International Monetary Fund (IMF)

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 100 pages
File Size : 53,7 Mb
Release : 2002-08-09
Category : Political Science
ISBN : 1589061306

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Governance of the International Monetary Fund (IMF) by International Monetary Fund Pdf

The author-a top decision maker at the IMF for two decades-first focuses on the system of quotas and voting power in the IMF and concludes that it calls for reforms to enhance equity among the membership. He then examines decision making in the Executive Board, with an emphasis on consensus building in a cooperative institution, and the record of political oversight of the international monetary system through the Interim Committee and its successor, the International Monetary and Financial Committee. In that context, the author also comments on the impact on IMF decision making of the activities of groups of members, and of the differing interests of major shareholders. Thereafter, he recalls the distinctive features of the financial crises of the 1990s and examines their evolving implications for IMF governance. The essay concludes with an appraisal of IMF governance.

When Things Don't Fall Apart

Author : Ilene Grabel
Publisher : MIT Press
Page : 401 pages
File Size : 43,8 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780262037259

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When Things Don't Fall Apart by Ilene Grabel Pdf

An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.

Global Governance Reform

Author : Colin I. Bradford,Johannes Linn
Publisher : Rowman & Littlefield
Page : 162 pages
File Size : 42,7 Mb
Release : 2007-08-29
Category : Political Science
ISBN : 9780815713692

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Global Governance Reform by Colin I. Bradford,Johannes Linn Pdf

The current international system of institutions and governance groups is proving inadequate to meet many of today's most important challenges, such as terrorism, poverty, nuclear proliferation, financial integration, and climate change. The International Monetary Fund, World Bank, and UN were founded after World War II, and their structures of voting power and representation have become obsolete, no longer reflecting today's balance of economic and political power. This insightful book examines how to make such institutions more responsive and effective. Institutional reform is critically needed but currently in stalemate. A new push is needed from powerful nations acting together through a reformed and enlarged G-8 that includes emerging economies, such as China and India. Global challenges demand integrated approaches, with greater coordination among international institutions. Global Governance Reform argues that without reconstituting the Group of 8 summit into a larger, more representative group of leaders, with a new mandate to provide strategic guidance to the system of international institutions, the world will fall further behind in addressing global challenges. The path to global reform is defined by the need to act in coordinated ways on summit and institutional reform, and this book lights the way.

The Geography of Money

Author : Benjamin J. Cohen
Publisher : Cornell University Press
Page : 248 pages
File Size : 49,7 Mb
Release : 2018-10-18
Category : Political Science
ISBN : 9781501722592

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The Geography of Money by Benjamin J. Cohen Pdf

The traditional assumption holds that the territory of money coincides precisely with the political frontiers of each nation state: France has the franc, the United Kingdom has the pound, the United States has the dollar. But the disparity between that simple mental landscape and the actual organization of currency spaces has grown in recent years, as territorial boundaries of individual states limit currency circulation less and less. Many currencies are used outside their "home" country for transactions either between nations or within foreign states. In this book, Benjamin J. Cohen asks what this new geography of money reveals about financial and political power. Cohen shows how recent changes in the geography of money challenge state sovereignty. He examines the role of money and the scope of cross-border currency competition in today's world. Drawing on new work in geography and network theory to explain the new spatial organization of monetary relations, Cohen suggests that international relations, political as well as economic, are being dramatically reshaped by the increasing interpenetration of national monetary spaces. This process, he explains, generates tensions and insecurities as well as opportunities for cooperation.

Handbook of Global Economic Governance

Author : Manuela Moschella,Catherine Weaver
Publisher : Routledge
Page : 706 pages
File Size : 42,6 Mb
Release : 2013-12-17
Category : Reference
ISBN : 9781136582875

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Handbook of Global Economic Governance by Manuela Moschella,Catherine Weaver Pdf

Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.

Global Governance at Risk

Author : David Held,Charles Roger
Publisher : John Wiley & Sons
Page : 185 pages
File Size : 52,5 Mb
Release : 2013-09-06
Category : Law
ISBN : 9780745671949

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Global Governance at Risk by David Held,Charles Roger Pdf

Since 2007 the world has lurched from one crisis to the next. The rise of new powers, the collapse of our global financial system, the proliferation of nuclear weapons and crisis in the Eurozone have led to a build up of risks that is likely to provoke a more general crisis in our system of global governance if it cannot be made fairer, more effective and accountable. In this book, nine leading scholars explore the fault lines and mounting challenges that are putting pressure on existing institutions, the ways in which we are currently attempting to manage them – or failing to – and the prospects for global governance in the 21st century. In doing so, the contributors offer a fresh look at one of the most important issues confronting the world today and they suggest strategies for adapting current institutions to better manage our mutual interdependence in the future. Contributors include Ha-Joon Chang, Benjamin Cohen, Michael Cox, David Held, George Magnus, Robert Skidelsky, Robert Wade, Martin Wolf and Kevin Young.

Central Banking as Global Governance

Author : Rodney Bruce Hall
Publisher : Cambridge University Press
Page : 128 pages
File Size : 40,5 Mb
Release : 2008-12-04
Category : Political Science
ISBN : 1107321220

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Central Banking as Global Governance by Rodney Bruce Hall Pdf

Money is a social convention, but with what social consequences? In this innovative study, Rodney Bruce Hall argues that those who govern the parameters of money's creation, its destruction, and its valuation are responsible for the governance of international finance. The volume is an analysis of central banking as global governance, employing the institutional philosophy of John Searle as a theoretical basis for exploring the consequences of money as a social institution, and the social relations of credit and debt. While previous studies in this field have made forays into the political economy of monetary institutions, this book breaks new ground by offering a constructivist social analysis that identifies the mechanisms of governance as social rather than material processes. The volume will therefore be of great interest to a wide range of scholars and students, particularly those with an interest in international relations, international finance and international political economy.

Governance of Global Financial Markets

Author : Emilios Avgouleas
Publisher : Cambridge University Press
Page : 501 pages
File Size : 45,9 Mb
Release : 2012-04-26
Category : Business & Economics
ISBN : 9780521762663

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Governance of Global Financial Markets by Emilios Avgouleas Pdf

Analyses governance structures for international finance, evaluates current regulatory reforms and proposes a new governance system for global financial markets.

Governance of the IMF

Author : International Monetary Fund. Independent Evaluation Office
Publisher : International Monetary Fund
Page : 55 pages
File Size : 46,7 Mb
Release : 2008-09-23
Category : Business & Economics
ISBN : 9781589067493

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Governance of the IMF by International Monetary Fund. Independent Evaluation Office Pdf

This paper assesses the degree to which the IMF governance is effective and efficient, and whether it provides sufficient accountability and channels for stakeholders to have their views heard. The focus is on institutional structures as well as on the formal and informal relationships between the IMF’s main bodies of governance: the Executive Board, Management, and the International Monetary and Financial Committee. The evaluation highlights that for much of the past six decades, gradual reforms in its governance allowed the IMF to remain relevant in a changing world economy.

Emerging Powers and Global Governance

Author : Rakesh Mohan,Muneesh Kapur
Publisher : International Monetary Fund
Page : 55 pages
File Size : 44,5 Mb
Release : 2015-10-02
Category : Business & Economics
ISBN : 9781513557403

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Emerging Powers and Global Governance by Rakesh Mohan,Muneesh Kapur Pdf

The governance structure in global bodies like the IMF continues to be disproportionally dominated by advanced economies. Sustained rapid growth in emerging and developing economies (EDEs) in the past 2-3 decades has led to their growing relative weight in the global economy, but with little increase in their voice in the IMF. The emergence of regional financial arrangements reflects the growing dissatisfaction of the EDEs with the current framework. The global economy is on the cusp of an epochal change moving the fulcrum of economic power from the North Atlantic towards Asia after more than 200 years. This must be recognized and responded to adequately.

Well Spent

Author : Mr.Gerd Schwartz,Ms.Manal Fouad,Mr.Torben S Hansen,Ms.Genevieve Verdier
Publisher : International Monetary Fund
Page : 344 pages
File Size : 48,5 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9781513511818

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Well Spent by Mr.Gerd Schwartz,Ms.Manal Fouad,Mr.Torben S Hansen,Ms.Genevieve Verdier Pdf

Drawing on the Fund’s analytical and capacity development work, including Public Investment Management Assessments (PIMAs) carried out in more than 60 countries, the new book Well Spent: How Strong Infrastructure Governance Can End Waste in Public Investment will address how countries can attain quality infrastructure outcomes through better infrastructure governance—an issue becoming increasingly important in the context of the Great Lockdown and its economic consequences. It covers critical issues such as infrastructure investment and Sustainable Development Goals, controlling corruption, managing fiscal risks, integrating planning and budgeting, and identifying best practices in project appraisal and selection. It also covers emerging areas in infrastructure governance, such as maintaining and managing public infrastructure assets and building resilience against climate change.

Governing Financial Globalization

Author : Andrew Baker,David Hudson,Richard Woodward
Publisher : Routledge
Page : 272 pages
File Size : 45,7 Mb
Release : 2005-02-01
Category : Business & Economics
ISBN : 9781134296132

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Governing Financial Globalization by Andrew Baker,David Hudson,Richard Woodward Pdf

Money, finance and credit are literally the lifeblood of the modern economy. The distribution of money and credit are essential to productive investment in trade and industry, to the maintenance of consumer purchasing power and demand, to individuals' social status and standard of living, and ultimately to public order. This importnat new volume provides a wide-ranging discussion of both the potential and the problems arising from the application of multi-level governance literature to the monetary and financial domain. The contributors achieve this through a range of case studies and conceptual discussions of the issues raised by financial and monetary governance, acknowledging that multi-level governance has to take the form of a framework which recognizes a fluid range of scales, and the significance of non-formal institutional and social nodes of authority.

Resetting the International Monetary (Non)System

Author : José Antonio Ocampo
Publisher : Oxford University Press
Page : 296 pages
File Size : 51,9 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198718116

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Resetting the International Monetary (Non)System by José Antonio Ocampo Pdf

Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.