Governing Financial Globalization
International Political Economy and Multi-Level Governance
Edited by Andrew Baker, David Hudson, Richard Woodward
Routledge – 2008 – 272 pages
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.
1. Introduction: The Multi-Level Governance of Money & Finance Andrew Baker, David Hudson and Richard Woodward Part 1: Conceptual Issues 2. Money and The Spatial Challenge Richard Woodward 3. Locating and Understanding the Market Place in Financial Governance David Hudson 4. The Everyday Life of Global Finance: A neglected 'level' of governance Paul Langley 5. Political Accountability, Socioeconomic Power and Global Markets Philip G. Cerny Part 2: Cases 6. Multilateralism, Macroeconomic Policy and Three-Dimensional Governance in Advanced Capitalist States Andrew Baker 7. European Banking Policy Emiliano Grossman 8. The IMF, Middle Income Countries and the Asian Financial Crisis Ben White 9. Multi-Level Governance in the City of London's Financial Markets Richard Woodward 10. The New International Financial Architecture Susanne Soederberg 11. Conclusions: Money, finance, democracy, authority and multilevel governance Andrew Baker, David Hudson and Richard Woodward