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International Monetary Relations in the New Global Economy
The studies included in these two volumes have been selected to highlight key recent contributions to scholarship on the political economy of international monetary relations. Over the last decade, the central theme of research in this area has been the growth and increasingly pervasive influence of capital mobility. The papers collected here have significantly advanced theoretical and analytical understanding of the causes and, even more importantly, the political and economic consequences of financial liberalization. Among the issues addressed are the impact of growing capital mobility on domestic policy, the choice of exchange-rate regimes and monetary institutions, governance of international capital, policy cooperation and monetary integration. These volumes will be of particular interest to specialists in international political economy.
More Information
Critical Acclaim
Contributors
Contents
More Information
The studies included in these two volumes have been selected to highlight key recent contributions to scholarship on the political economy of international monetary relations. Over the last decade, the central theme of research in this area has been the growth and increasingly pervasive influence of capital mobility. The papers collected here have significantly advanced theoretical and analytical understanding of the causes and, even more importantly, the political and economic consequences of financial liberalization. Among the issues addressed are the impact of growing capital mobility on domestic policy, the choice of exchange-rate regimes and monetary institutions, governance of international capital, policy cooperation and monetary integration. These volumes will be of particular interest to specialists in international political economy.
Critical Acclaim
‘These volumes contain the best articles political scientists have published in recent years on international monetary relations. They cover every conceivable topic of interest, including the domestic politics of capital mobility, monetary institutions, and policy cooperation. It is no surprise that both the collection and the introduction to it are of such high quality – Benjamin J. Cohen is the editor of these volumes and the author of the introduction, and his expertise in this area is unparalleled in the field.’
– Joanne Gowa, Princeton University, US
– Joanne Gowa, Princeton University, US
Contributors
34 articles, dating from 1993 to 2002
Contributors include: P.G. Cerny, W.R. Clark, J.A. Frieden, E. Helleiner, D.A. Leblang, L.W. Pauly, B.A. Simmons, T.J. Sinclair, A. Sobel, S. Strange
Contributors include: P.G. Cerny, W.R. Clark, J.A. Frieden, E. Helleiner, D.A. Leblang, L.W. Pauly, B.A. Simmons, T.J. Sinclair, A. Sobel, S. Strange
Contents
Contents:
Volume I
Acknowledgements
Introduction Benjamin J. Cohen
PART I THE GLOBALIZATION OF FINANCE
1. Benjamin J. Cohen (1996), ‘Phoenix Risen: The Resurrection of Global Finance’
2. Philip G. Cerny (1994), ‘The Dynamics of Financial Globalization: Technology, Market Structure, and Policy Response’
3. Eric Helleiner (1995), ‘Explaining the Globalization of Financial Markets: Bringing States Back In’
4. Andrew Sobel (1998), ‘Domestic Policy Choices, Political Institutional Change, and Financial Globalization’
5. David M. Andrews (1994), ‘Capital Mobility and State Autonomy: Toward a Structural Theory of International Monetary Relations’
6. Louis W. Pauly (1995), ‘Capital Mobility, State Autonomy and Political Legitimacy’
PART II CAPITAL MOBILITY AND DOMESTIC POLICY
7. William Roberts Clark and Usha Nair Reichert with Sandra Lynn Lomas and Kevin L. Parker (1998), ‘International and Domestic Constraints on Political Business Cycles in OECD Economies’
8. William Roberts Clark and Mark Hallerberg (2000), ‘Mobile Capital, Domestic Institutions, and Electorally Induced Monetary and Fiscal Policy’
9. Thomas Oatley (1999), ‘How Constraining Is Capital Mobility? The Partisan Hypothesis in an Open Economy’
10. Geoffrey Garrett (1995), ‘Capital Mobility, Trade, and the Domestic Politics of Economic Policy’
11. Layna Mosley (2000), ‘Room to Move: International Financial Markets and National Welfare States’
PART III EXCHANGE RATES AND MONETARY INSTITUTIONS
12. Jeffry A. Frieden (1994), ‘Exchange Rate Politics: Contemporary Lessons from American History’
13. Carsten Hefeker (1996), ‘The Political Choice and Collapse of Fixed Exchange Rates’
14. William Bernhard and David Leblang (1999), ‘Democratic Institutions and Exchange-rate Commitments’
15. David A. Leblang (1999), ‘Domestic Political Institutions and Exchange Rate Commitments in the Developing World’
16. William Roberts Clark (2002), ‘Partisan and Electoral Motivations and the Choice of Monetary Institutions Under Fully Mobile Capital’
17. J. Lawrence Broz (2002), ‘Political System Transparency and Monetary Commitment Regimes’
Name Index
Volume II
Acknowledgements
An introduction by the editor to both volumes appears in Volume I
PART I GOVERNING GLOBAL CAPITAL
1. John B. Goodman and Louis W. Pauly (1993), ‘The Obsolescence of Capital Controls? Economic Management in an Age of Global Markets’
2. David A. Leblang (1997), ‘Domestic and Systemic Determinants of Capital Controls in the Developed and Developing World’
3. Beth A. Simmons (2001), ‘The International Politics of Harmonization: The Case of Capital Market Regulation’
4. Geoffrey R.D. Underhill (1995), ‘Keeping Governments Out of Politics: Transnational Securities Markets, Regulatory Cooperation, and Political Legitimacy’
5. Timothy J. Sinclair (2001), ‘The Infrastructure of Global Governance: Quasi-Regulatory Mechanisms and the New Global Finance’
PART II POLICY COOPERATION AND COMMITMENT
6. Benjamin J. Cohen (1993), ‘The Triad and the Unholy Trinity: Lessons for the Pacific Region’
7. Michael C. Webb (1994), ‘Capital Mobility and the Possibilities for International Policy Coordination’
8. Thomas D. Willett (1999), ‘Developments in the Political Economy of Policy Coordination’
9. Beth A. Simmons (2000), ‘The Legalization of International Monetary Affairs’
10. Beth A. Simmons (2000), ‘International Law and State Behavior: Commitment and Compliance in International Monetary Affairs’
PART III REGIONAL MONETARY INTEGRATION
11. C. Randall Henning (1998), ‘Systemic Conflict and Regional Monetary Integration: The Case of Europe’
12. Wayne Sandholtz (1993), ‘Choosing Union: Monetary Politics and Maastricht’
13. Kathleen R. McNamara (1999), ‘Consensus and Constraint: Ideas and Capital Mobility in European Monetary Integration’
14. Benjamin J. Cohen (2001), ‘Beyond EMU: The Problem of Sustainability’
PART IV THE FUTURE OF MONEY
15. Jonathan Kirshner (2000), ‘The Study of Money’
16. Susan Strange (2002), ‘Finance in Politics: An Epilogue to Mad Money, 1998’
17. Benjamin Cohen (1999), ‘The New Geography of Money’
Name Index
Volume I
Acknowledgements
Introduction Benjamin J. Cohen
PART I THE GLOBALIZATION OF FINANCE
1. Benjamin J. Cohen (1996), ‘Phoenix Risen: The Resurrection of Global Finance’
2. Philip G. Cerny (1994), ‘The Dynamics of Financial Globalization: Technology, Market Structure, and Policy Response’
3. Eric Helleiner (1995), ‘Explaining the Globalization of Financial Markets: Bringing States Back In’
4. Andrew Sobel (1998), ‘Domestic Policy Choices, Political Institutional Change, and Financial Globalization’
5. David M. Andrews (1994), ‘Capital Mobility and State Autonomy: Toward a Structural Theory of International Monetary Relations’
6. Louis W. Pauly (1995), ‘Capital Mobility, State Autonomy and Political Legitimacy’
PART II CAPITAL MOBILITY AND DOMESTIC POLICY
7. William Roberts Clark and Usha Nair Reichert with Sandra Lynn Lomas and Kevin L. Parker (1998), ‘International and Domestic Constraints on Political Business Cycles in OECD Economies’
8. William Roberts Clark and Mark Hallerberg (2000), ‘Mobile Capital, Domestic Institutions, and Electorally Induced Monetary and Fiscal Policy’
9. Thomas Oatley (1999), ‘How Constraining Is Capital Mobility? The Partisan Hypothesis in an Open Economy’
10. Geoffrey Garrett (1995), ‘Capital Mobility, Trade, and the Domestic Politics of Economic Policy’
11. Layna Mosley (2000), ‘Room to Move: International Financial Markets and National Welfare States’
PART III EXCHANGE RATES AND MONETARY INSTITUTIONS
12. Jeffry A. Frieden (1994), ‘Exchange Rate Politics: Contemporary Lessons from American History’
13. Carsten Hefeker (1996), ‘The Political Choice and Collapse of Fixed Exchange Rates’
14. William Bernhard and David Leblang (1999), ‘Democratic Institutions and Exchange-rate Commitments’
15. David A. Leblang (1999), ‘Domestic Political Institutions and Exchange Rate Commitments in the Developing World’
16. William Roberts Clark (2002), ‘Partisan and Electoral Motivations and the Choice of Monetary Institutions Under Fully Mobile Capital’
17. J. Lawrence Broz (2002), ‘Political System Transparency and Monetary Commitment Regimes’
Name Index
Volume II
Acknowledgements
An introduction by the editor to both volumes appears in Volume I
PART I GOVERNING GLOBAL CAPITAL
1. John B. Goodman and Louis W. Pauly (1993), ‘The Obsolescence of Capital Controls? Economic Management in an Age of Global Markets’
2. David A. Leblang (1997), ‘Domestic and Systemic Determinants of Capital Controls in the Developed and Developing World’
3. Beth A. Simmons (2001), ‘The International Politics of Harmonization: The Case of Capital Market Regulation’
4. Geoffrey R.D. Underhill (1995), ‘Keeping Governments Out of Politics: Transnational Securities Markets, Regulatory Cooperation, and Political Legitimacy’
5. Timothy J. Sinclair (2001), ‘The Infrastructure of Global Governance: Quasi-Regulatory Mechanisms and the New Global Finance’
PART II POLICY COOPERATION AND COMMITMENT
6. Benjamin J. Cohen (1993), ‘The Triad and the Unholy Trinity: Lessons for the Pacific Region’
7. Michael C. Webb (1994), ‘Capital Mobility and the Possibilities for International Policy Coordination’
8. Thomas D. Willett (1999), ‘Developments in the Political Economy of Policy Coordination’
9. Beth A. Simmons (2000), ‘The Legalization of International Monetary Affairs’
10. Beth A. Simmons (2000), ‘International Law and State Behavior: Commitment and Compliance in International Monetary Affairs’
PART III REGIONAL MONETARY INTEGRATION
11. C. Randall Henning (1998), ‘Systemic Conflict and Regional Monetary Integration: The Case of Europe’
12. Wayne Sandholtz (1993), ‘Choosing Union: Monetary Politics and Maastricht’
13. Kathleen R. McNamara (1999), ‘Consensus and Constraint: Ideas and Capital Mobility in European Monetary Integration’
14. Benjamin J. Cohen (2001), ‘Beyond EMU: The Problem of Sustainability’
PART IV THE FUTURE OF MONEY
15. Jonathan Kirshner (2000), ‘The Study of Money’
16. Susan Strange (2002), ‘Finance in Politics: An Epilogue to Mad Money, 1998’
17. Benjamin Cohen (1999), ‘The New Geography of Money’
Name Index
