'Here is an intellectual feast for anyone interested in the political economy of international monetary and financial systems, served up by an impressive collection of experts. Students and specialists alike can gorge themselves on the many fascinating analyses of core issues and latest debates in the field. Highly recommended for anyone with an appetite to learn more about global money and finance.
- Eric Helleiner, University of Waterloo, Canada
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
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
