Capital Ungoverned

Capital Ungoverned PDF Author: Michael Maurice Loriaux
Publisher:
ISBN: 9780801431760
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
'A first-rate book. It represents the cutting edge of research in political economy and groups together in a single volume some of the most original research to date on the politics of financial liberalization.' -- Harvey B. Feigenbaum, George Washington University.

Capital Ungoverned

Capital Ungoverned PDF Author: Michael Maurice Loriaux
Publisher:
ISBN: 9780801431760
Category : Business & Economics
Languages : en
Pages : 0

Get Book Here

Book Description
'A first-rate book. It represents the cutting edge of research in political economy and groups together in a single volume some of the most original research to date on the politics of financial liberalization.' -- Harvey B. Feigenbaum, George Washington University.

Capital Ungoverned

Capital Ungoverned PDF Author: Michael Maurice Loriaux
Publisher: Cornell University Press
ISBN: 9780801482816
Category : Business & Economics
Languages : en
Pages : 254

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Book Description
Japan, South Korea, Mexico, France, and Spain once exercised significant control over the allocation of credit, and used that control to facilitate economic adjustment and industrial development. In the 1980s all that changed. Why and how these states dismantled their activist credit policies is the subject of Capital Ungoverned. The volume brings together five specialists in the economics and politics of these various states to assess the internal and global changes that prompted them to adopt financial liberalization.Comparison reveals the distinctive political and institutional logic that guided liberalization in each country--from the role of a newly dominant capitalist class in Korea to the replacement of state financing by private financing and self-financing in Japan, from the maneuvers of the banking establishment in Spain to attempts to attract foreign capital in Mexico. At the same time, these cases clarify the importance of international factors, in particular the shifts that occurred in U.S. policy as it sought to respond to the effects of uneven growth in the world economy.

Ungoverned Spaces

Ungoverned Spaces PDF Author: Anne Clunan
Publisher: Stanford University Press
ISBN: 0804770123
Category : Political Science
Languages : en
Pages : 326

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Book Description
This book provides a comprehensive critique of the prevailing view of ungoverned spaces and the threat they pose to human, national and international security.

Global Monetary Governance

Global Monetary Governance PDF Author: Benjamin J. Cohen
Publisher: Routledge
ISBN: 113597862X
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
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.

The Regulation of International Financial Markets

The Regulation of International Financial Markets PDF Author: Rainer Grote
Publisher: Cambridge University Press
ISBN: 1139450344
Category : Law
Languages : en
Pages : 358

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Book Description
International financial relations have become increasingly important for the development of global and national economies. At present these relations are primarily governed by market forces, with little regulatory interference at the international level. In the light of numerous financial crises, this abstinence must be seriously questioned. Starting with an analysis of the regulatory problems at the international level, with only minimal powers entrusted to international organisations, this book develops various possibilities for reform. On the basis of an historical analysis, the book first adopts a comparative approach to national attempts to regulate international financial markets, then outlines the potential of relevant institutions and finally develops a policy perspective. It seeks to provide a framework for analysing options for the regulation of international financial markets from a public international law and comparative law perspective.

Race for the Exits

Race for the Exits PDF Author: Leonard J. Schoppa
Publisher: Cornell University Press
ISBN: 0801461804
Category : Political Science
Languages : en
Pages : 272

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Book Description
Contrary to all expectations, Japan's long-term recession has provoked no sustained political movement to replace the nation's malfunctioning economic structure. The country's basic social contract has so far proved resistant to reform, even in the face of persistently adverse conditions. In Race for the Exits, Leonard J. Schoppa explains why it has endured and how long it can last. The postwar Japanese system of "convoy capitalism" traded lifetime employment for male workers against government support for industry and the private (female) provision of care for children and the elderly. Two social groups bore a particularly heavy burden in providing for the social protection of the weak and dependent: large firms, which committed to keeping their core workforce on the payroll even in slow times, and women, who stayed home to care for their homes and families. Using the exit-voice framework made famous by Albert Hirschman, Schoppa argues that both groups have chosen "exit" rather than "voice," depriving the political process of the energy needed to propel necessary reforms in the system. Instead of fighting for reform, firms slowly shift jobs overseas, and many women abandon hopes of accommodating both family and career. Over time, however, these trends have placed growing economic and demographic pressures on the social contract. As industries reduce their domestic operations, the Japanese economy is further diminished. Japan has also experienced a "baby bust" as women opt out of motherhood. Schoppa suggests that a radical break with the Japanese social contract of the past is becoming inevitable as the system slowly and quietly unravels.

The Sociology of Economic Life

The Sociology of Economic Life PDF Author: Mark Granovetter
Publisher: Routledge
ISBN: 0429962886
Category : Social Science
Languages : en
Pages : 594

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Book Description
This book incorporates classic and contemporary readings in economic sociology and related disciplines to provide students with a broad understanding of the many dimensions of economic life. It discusses Max Weber's key concepts in economics and sociology.

The Oxford Handbook of Banking and Financial History

The Oxford Handbook of Banking and Financial History PDF Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 0191633216
Category : Business & Economics
Languages : en
Pages : 561

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Book Description
The financial crisis of 2008 aroused widespread interest in banking and financial history among policy makers, academics, journalists, and even bankers, in addition to the wider public. References in the press to the term 'Great Depression' spiked after the failure of Lehman Brothers in November 2008, with similar surges in references to 'economic history' at various times during the financial turbulence. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. How severe was the financial crash? Was it, in fact, the most severe financial crisis since the Great Depression? Were its causes unique or part of a well-known historical pattern? And have financial crises always led to severe depressions? Historical reflection on the recent financial crises and the long-term development of the financial system go hand in hand. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Nineteen highly regarded experts present chapters on the economic and financial side of banking and financial activities, primarily though not solely in advanced economies, in a long-term comparative perspective. In addition to paying attention to general issues, not least those related to theoretical and methodological aspects of the discipline, the volume approaches the banking and financial world from four distinct but interrelated angles: financial institutions, financial markets, financial regulation, and financial crises.

Spending Without Taxation

Spending Without Taxation PDF Author: Gene Park
Publisher: Stanford University Press
ISBN: 0804773300
Category : Political Science
Languages : en
Pages : 338

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Book Description
Annotation This work demonstrates how the Fiscal Investment Loan Program (FILP) enabled the Japanese government to run a neo-classical fiscal policy based on low budget spending from the end of the 1940s to 1970.

Banking Systems in the Crisis

Banking Systems in the Crisis PDF Author: Suzanne J. Konzelmann
Publisher: Routledge
ISBN: 0415517893
Category : Business & Economics
Languages : en
Pages : 314

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Book Description
Based on detailed comparative case studies, this new volume from a leading international group of authors reveals fundamental differences in the economic and political ideology underlying the the six Anglo-Saxon 'liberal market economies' (LMEs), and how this determined their relative resilience in the face of the global financial crisis.