ISBN-10:
1783474785
ISBN-13:
9781783474783
Pub. Date:
02/16/2015
Publisher:
Edward Elgar Publishing
Handbook of the International Political Economy of Monetary Relations

Handbook of the International Political Economy of Monetary Relations

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Overview

This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, the self-interest of private firms, the political institutions within which governments make policy, and the ideas that influence beliefs about appropriate policy responses. Crucially they also assess how these factors have shaped the political economy of various facets of monetary and financial systems.


Organized into four comprehensive sections, the Handbook begins with a focus on the international system and explores how the distribution of power in the system shapes its structure and dynamics. The next section then considers the politics of exchange rate regime choice before analyzing current research on financial crises and financial regulation. Key questions are asked, such as: what drives financial crises and why do some economies suffer banking and currency crises while others do not? How does politics shape the central characteristics of the IMF’s approach to crisis management? And how does change in the distribution of power in the international system change the structure of the global monetary and financial systems? The Handbook addresses these concerns and concludes with an examination of international governance, including the IMF and institutional reform in the post-crisis eurozone.


This detailed Handbook brings together original contributions from some of the leading authorities in the field, making it an invaluable resource to academics and students of international relations, governance, and political economy.

Product Details

ISBN-13: 9781783474783
Publisher: Edward Elgar Publishing
Publication date: 02/16/2015
Edition description: Reprint
Pages: 512
Sales rank: 1,177,750
Product dimensions: 6.62(w) x 9.62(h) x (d)

About the Author

Edited by Thomas Oatley, Associate Professor, University of North Carolina at Chapel Hill and W. Kindred Winecoff, Assistant Professor, Indiana University, US

Table of Contents

Contents:


1. The Political Economy of the International Monetary and Financial Systems

Thomas Oatley and W. Kindred Winecoff


PART I: STRUCTURE, POWER, AND THE GLOBAL FINANCIAL SYSTEM

2. Financial Roots of Hegemony, Cooperation, and Globalization

Andrew C. Sobel


3. Political Economy of Currency Internationalization

Hyoung-kyu Chey


4. The Political Economy of the Contemporary Dollar Standard

Thomas Oatley


5. Global Imbalances and the International Monetary System

Herman Schwartz


6. The Triffin Dilemma, the Lucas Paradox, and Monetary Politics in the 21st Century

W. Kindred Winecoff


7. The Renminbi-Dollar Relationship: Politics and Economics of a Diminishing Issue

Yale H. Ferguson


8. Absolute or Relative Gains? How Status Quo and Emerging Powers Conceptualize Global Finance

Leslie Elliott Armijo and John Echeverri-Gent


PART II: THE POLITICAL ECONOMY OF EXCHANGE RATES

Core Theoretical Perspectives

9. Private Actor Exchange Rate Policy Preferences

Stephanie Walter


10. Domestic Institutions and Exchange Rates

David H. Bearce


Regional Exchange Rate Systems

11. Exchange Rates In Transition Economies

Jana Grittersová


12. Currency Unions in the Developing World

Scott Cooper


13. The Political Economy of Exchange Rates in East Asia

Hongying Wang


PART III: GLOBAL FINANCE: CRISES AND REGULATION

14. Financial Crises and the Politics of Adjustment and Reform

Thomas B. Pepinsky


15. Fixed Exchange Rate Regimes and Financial Markets as Sources of Macroeconomic Discipline

Thomas D. Willett, Eric M.P. Chiu and Stefanie Walter


16. The Politics of Global Financial Regulation

Kevin Young


17. Why Club Goods Proliferated in Investment Finance

W. Travis Selmier II


18. Rethinking Financial Regulation: Risk, Club Goods, and Regulatory Fatigue

Philip G. Cerny


19. The Gnomes of Zurich Meet the Dogs of War: Financial Leadership and Regulation, 1850–2013

Michael Lee


PART IV: INTERNATIONAL MONETARY INSTITUTIONS

20. Financial Governance in a Globalizing World

Richard W. Mansbach


21. IMF Programs: Participation, Implementation, and Effects

Graham Bird and Dane Rowlands


22. In Lieu of an Anchor: The Fund and its Surveillance Function

Bessma Momani and Kevin A. English


23. The EU and the Euro

Michele Chang


24. Our (Gracious?) Benefactors: US, Japan, China and East Asian Monetary Relations

Emmanuel Yujuico


Index

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