000 02654cam a2200313 a 4500
001 1750321
003 BD-DhUL
005 20160516150902.0
008 970218s1997 enka b 001 0 eng
010 _a97001195
015 _aGB98-35013
020 _a0521591422
_qhardback
020 _a0521598516
_qpaperback
035 _a1750321
040 _aDLC
_beng
_cDLC
_dDLC
_dTOC
_dBD-DhUL
082 _a332.042
_bGEI
100 1 _aGermain, Randall D.,
_d1961-
245 1 4 _aThe international organization of credit :
_bstates and global finance in the world-economy /
_cRandall D. Germain.
260 _aNew York :
_bCambridge University Press,
_c1997.
300 _axvi, 203 p. :
_bill.;
_c24 cm.
490 _aCambridge studies in international relations ;
504 _aIncludes bibliographical references (p. 182-195) and index.
505 0 _a1. Routes to international political economy: accounting for international monetary order -- 2. The power of cities and their limits: principal financial centres and international monetary order -- 3. Between change and continuity: reconstructing "Bretton Woods" -- 4. The era of decentralized globalization -- 5. Decentralized globalization and the exercise of public authority -- 6. Finance, power, and the world-economy approach: towards an historical-institutional international political economy -- Appendix. Top merchant/investment banks, by city and era.
520 _aIn this book, Randall D. Germain explores the international organization of credit in a changing world-economy. At the center of his analysis is the construction of successive international organizations of credit, built around principal financial centers and constituted by overlapping networks of credit institutions, mainly investment, commercial, and central banks. A critical historical approach to international political economy allows Germain to stress both the multiple roles of finance within the world-economy and the centrality of financial practices and networks for the construction of monetary order. He argues that the private global credit system which has replaced Bretton Woods is anchored unevenly across the world's three principal financial centers: New York, London, and Tokyo. This new balance of power is fragmented with respect to relations between states and ambiguous in terms of how power is exercised between public authorities and private financial institutions.
520 8 _aGermain's analysis thus suggests that we are living through a period of fragile international monetary order.
650 0 _aInternational economic relations.
650 0 _aInternational finance.
942 _2ddc
_cBK
999 _c65673
_d65673