Transatlantic Politics and the Transformation of the International Monetary System

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Publisher : Routledge
ISBN 13 : 1135627398
Total Pages : 305 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Transatlantic Politics and the Transformation of the International Monetary System by : Michelle Frasher

Download or read book Transatlantic Politics and the Transformation of the International Monetary System written by Michelle Frasher and published by Routledge. This book was released on 2013-09-05 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: With original archival documents and interviews from the US and Europe, Michelle Frasher brings the reader into the negotiating room with American, German, and French officials as they confronted the collapse of the Bretton Woods monetary system and made decisions that affected the course of European integration and the contemporary neoliberal order. She identifies crisis as the catalyst for change in international monetary policies, but argues that the causes of crisis originated from a multitude of factors such as market speculation, American hegemony, institutional flaws, and ideational conflicts among the leaders themselves. Far from a planned and consensual process, this book shows that the transformation to neoliberalism was riddled with discord and fret with trial and error. She argues that the resulting currency regime allowed governments to entrench themselves in national interests and facilitated the "marketization" of the state, where states have became both clients and participants in the financialized global economy—to the detriment of international stability. Frasher’s is the first work to connect the 1960s and 1970s to the difficulties of inter-state and inter-market cooperation that have plagued the system in the last decades, and it puts the 2008 debacle into historical perspective.

Orderly Change

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Publisher : Cornell University Press
ISBN 13 : 0801457076
Total Pages : 260 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Orderly Change by : David M. Andrews

Download or read book Orderly Change written by David M. Andrews and published by Cornell University Press. This book was released on 2011-03-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bretton Woods Conference of 1944 resulted in the formation of the International Monetary Fund and World Bank and helped lay the foundation for an unprecedented expansion of international commerce. Yet six decades later, at the beginning of the twenty-first century, the central characteristics of the Bretton Woods system remain disputed—and the subject of continuing public policy debate. Relying on extensive access to IMF, World Bank, and other archives, the authors show that the history of international monetary relations since Bretton Woods is one of "orderly change"—that is, change within a sturdy but supple framework. Even during the years of fixed exchange rates, very different practices characterized international monetary relations immediately after World War II, during the 1950s, and during the 1960s. Later, when the fixed exchange-rate system collapsed, underlying commitments to trade liberalization in the context of continuing national economic policy autonomy survived and even flourished. However, the resulting international economic order is now in grave danger: the tension between states' autonomy and their mutual openness has become acute, as international monetary structures no longer appear capable of mediating between these objectives. David M. Andrews and the contributors to Orderly Change examine past transitions as a means of suggesting possible avenues for current and future policymaking.

Transatlantic Politics and the Transformation of the International Monetary System

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Author :
Publisher : Routledge
ISBN 13 : 1135627320
Total Pages : 269 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Transatlantic Politics and the Transformation of the International Monetary System by : Michelle Frasher

Download or read book Transatlantic Politics and the Transformation of the International Monetary System written by Michelle Frasher and published by Routledge. This book was released on 2013-09-05 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: With original archival documents and interviews from the US and Europe, Michelle Frasher brings the reader into the negotiating room with American, German, and French officials as they confronted the collapse of the Bretton Woods monetary system and made decisions that affected the course of European integration and the contemporary neoliberal order. She identifies crisis as the catalyst for change in international monetary policies, but argues that the causes of crisis originated from a multitude of factors such as market speculation, American hegemony, institutional flaws, and ideational conflicts among the leaders themselves. Far from a planned and consensual process, this book shows that the transformation to neoliberalism was riddled with discord and fret with trial and error. She argues that the resulting currency regime allowed governments to entrench themselves in national interests and facilitated the "marketization" of the state, where states have became both clients and participants in the financialized global economy—to the detriment of international stability. Frasher’s is the first work to connect the 1960s and 1970s to the difficulties of inter-state and inter-market cooperation that have plagued the system in the last decades, and it puts the 2008 debacle into historical perspective.

U.S. International Monetary Policy

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Publisher : Princeton University Press
ISBN 13 : 1400856299
Total Pages : 407 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis U.S. International Monetary Policy by : John S. Odell

Download or read book U.S. International Monetary Policy written by John S. Odell and published by Princeton University Press. This book was released on 2014-07-14 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a new framework for explaining and anticipating foreign economic policy changes, at the same time providing a fascinating account of three American policy shifts that transformed the postwar international monetary system. Originally published in 1982. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Cooperating with Europe's Monetary Union

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Cooperating with Europe's Monetary Union by : C. Randall Henning

Download or read book Cooperating with Europe's Monetary Union written by C. Randall Henning and published by Peterson Institute for International Economics. This book was released on 1997 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe's monetary union will represent the most profound transformation of the international monetary system since the transition from fixed to flexible exchange rates in the early 1970s. It will compete with the erosion of American dominance and the dramatic increase in capital mobility for the distinction of being the most far-reaching change in the global monetary system since the Bretton Woods conference of 1944. Economic and Monetary Union (EMU) will create in Europe a new monetary actor with an economic size roughly comparable to the United States, ushering in a new era in international monetary relations. Nonetheless, while broad interests coincide, the creation of the monetary union will pose challenges to American, Japanese, and other non-European policymakers. Europe's monetary union could prove to be a difficult partner in international monetary cooperation. Henning recommends that European institutions and policy processes be strengthened, representation of the monetary union in the G-7 be consolidated, and that European, American, and Japanese authorities cooperate to reduce instability during the transition to monetary union.

The Political Economy of International Money

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Author :
Publisher : London : Royal Institute of International Affairs ; Beverly Hills : Sage Publications
ISBN 13 : 9780803997110
Total Pages : 313 pages
Book Rating : 4.9/5 (971 download)

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Book Synopsis The Political Economy of International Money by : Loukas Tsoukalis

Download or read book The Political Economy of International Money written by Loukas Tsoukalis and published by London : Royal Institute of International Affairs ; Beverly Hills : Sage Publications. This book was released on 1985 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: The international monetary system has undergone a major transformation since the early 1970s. The suspension, in 1971, of the convertibility of the US dollar into gold was followed by the abandonment of fixed exchange rates and the consequent growth in the importance of commercial banks in the creation of international liquidity. This book, which arose from a research project conducted at the Royal Institute of International Affairs in London, comprises ten chapters written by leading European experts from the academic world, and from banking and international institutions, on different aspects of the world monetary system as it has developed in recent years. They offer both a critical analysis of recent experience and a detailed discussion of possible reforms and likely trends for the future. The various chapters cover the economic recession of the 1970s and 1980s, the influence of monetary theory on policy decisions, the effects of floating exchange rates and balance-of-payments adjustments, the emergence of a multiple currency standard, the changing character of international liquidity and deficit financing, and the relationship between the IMF and the Third World. In conclusion, Loukas Tsoukalis highlights recent developments in the international monetary system and draws general conclusions about the nature and feasibility of world monetary reform. The book is intended as a contribution to the growing debate on the international monetary system and its likely evolution. It will be of interest to students and practitioners of economics, finance, and international relations.

A History of International Monetary Diplomacy, 1867 to the Present

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Author :
Publisher : Routledge
ISBN 13 : 1317554965
Total Pages : 203 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis A History of International Monetary Diplomacy, 1867 to the Present by : Giulio M. Gallarotti

Download or read book A History of International Monetary Diplomacy, 1867 to the Present written by Giulio M. Gallarotti and published by Routledge. This book was released on 2021-07-28 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about how the rise of democracy has transformed economics over the past 150 years. As voting was expanded to the masses in the late 19th century, political leaders faced emergent pressures to deliver prosperity to their newly enfranchised populations. This led to the rise of the guardian state: a state whose prime directive was to protect economic growth and employment. Domestic economic goals now became sacrosanct, and if that meant a failure on the international stage to construct solutions to problems in monetary relations, so be it. The book traces the history of international monetary diplomacy during this long period to show how the guardian state has manifested itself, and how it has shaped the course of international monetary relations. Each of the most important international monetary conferences in history is scrutinized with respect to how nations sought to protect the prosperity within their national economies. The historical narratives give a bird’s-eye view into how domestic political priorities have intruded on and shaped economic relations among nations. The book clearly demonstrates the advantages of an interdisciplinary understanding of how politics shapes economics. It will be invaluable reading for scholars and students of international economics, politics and economic history.

Currency Statecraft

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Publisher : University of Chicago Press
ISBN 13 : 022658786X
Total Pages : 215 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis Currency Statecraft by : Benjamin J. Cohen

Download or read book Currency Statecraft written by Benjamin J. Cohen and published by University of Chicago Press. This book was released on 2018-11-15 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: At any given time, a limited number of national currencies are used as instruments of international commerce, to settle foreign trade transactions or store value for investors and central banks. How countries whose currencies gain international appeal choose to use this status forms their strategy of currency statecraft. In different circumstances, issuing governments may welcome and promote the internationalization of their currency, tolerate it, or actively oppose it. Benjamin J. Cohen offers a provocative explanation of the strategic policy choices at play. In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country’s geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.

Handbook of the International Political Economy of Monetary Relations

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 0857938371
Total Pages : 507 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Handbook of the International Political Economy of Monetary Relations by : Thomas Oatley

Download or read book Handbook of the International Political Economy of Monetary Relations written by Thomas Oatley and published by Edward Elgar Publishing. This book was released on 2014-06-27 with total page 507 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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, t

The Cold War [5 volumes]

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Publisher : Bloomsbury Publishing USA
ISBN 13 :
Total Pages : 4179 pages
Book Rating : 4.2/5 (16 download)

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Book Synopsis The Cold War [5 volumes] by : Spencer C. Tucker

Download or read book The Cold War [5 volumes] written by Spencer C. Tucker and published by Bloomsbury Publishing USA. This book was released on 2020-10-27 with total page 4179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This sweeping reference work covers every aspect of the Cold War, from its ignition in the ashes of World War II, through the Berlin Wall and the Cuban Missile Crisis, to the collapse of the Soviet Union in 1991. The Cold War superpower face-off between the Soviet Union and the United States dominated international affairs in the second half of the 20th century and still reverberates around the world today. This comprehensive and insightful multivolume set provides authoritative entries on all aspects of this world-changing event, including wars, new military technologies, diplomatic initiatives, espionage activities, important individuals and organizations, economic developments, societal and cultural events, and more. This expansive coverage provides readers with the necessary context to understand the many facets of this complex conflict. The work begins with a preface and introduction and then offers illuminating introductory essays on the origins and course of the Cold War, which are followed by some 1,500 entries on key individuals, wars, battles, weapons systems, diplomacy, politics, economics, and art and culture. Each entry has cross-references and a list of books for further reading. The text includes more than 100 key primary source documents, a detailed chronology, a glossary, and a selective bibliography. Numerous illustrations and maps are inset throughout to provide additional context to the material.

Democracy, Federalism, the European Revolution, and Global Governance

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Publisher : Cambridge Scholars Publishing
ISBN 13 : 1527554457
Total Pages : 436 pages
Book Rating : 4.5/5 (275 download)

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Book Synopsis Democracy, Federalism, the European Revolution, and Global Governance by : Andrea Bosco

Download or read book Democracy, Federalism, the European Revolution, and Global Governance written by Andrea Bosco and published by Cambridge Scholars Publishing. This book was released on 2020-06-10 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Union is facing today the greatest crisis since its creation. Brexit could mean not only the reversal of its steady enlargement—from 6 to 28 member states—but also the beginning of an inexorable decline leading to its disintegration. However, few today seem to recollect that it was precisely the British who were the first to promulgate the political culture which inspired the European Union’s construction—democracy and federalism—and the first who tried to realise, in June 1940, a European federation on the basis of an Anglo-French union. This volume traces the fundamental stages of the European unification process, placing it in relation to the wider process of world economic and political integration. In particular, it analyses the historical significance of the European Revolution, which is identified in the overcoming of the nation state—namely the modern political formula which institutionalised the political division of mankind—and the birth of the first truly international state. The universal historical significance of the European Revolution lies in its exportability—as for the other great European revolutions—and, therefore, its potential as progressively extensible to all the states of the planet. Europe was indeed the first region of the world where the barriers between national states fell, and a post-national political identity emerged, complementary to national political identities. It is, in fact, in the context of the European Union that democracy beyond the borders of the nation state has first been realized, constituting a guiding principle for global governance.

International Mobility, Global Capitalism, and Changing Structures of Accumulation

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Author :
Publisher : Routledge
ISBN 13 : 1317357264
Total Pages : 263 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis International Mobility, Global Capitalism, and Changing Structures of Accumulation by : Anthony P. D'Costa

Download or read book International Mobility, Global Capitalism, and Changing Structures of Accumulation written by Anthony P. D'Costa and published by Routledge. This book was released on 2015-11-19 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: International mobility is not a new concept as people have moved throughout history, voluntarily and forcibly, for personal, familial, economic, political, and professional reasons. Yet, the mobility of technical talent in the global economy is relatively new, largely voluntary, structurally determined by market forces, and influenced by immigration policies. With over a decade’s worth of extensive research in India, Japan, Finland, and Singapore, this book provides an alternative understanding of how capitalism functions at the global level by specifically analyzing the international movement of technical professionals between India and Japan. There are three factors that inform this study: the services transition away from manufacturing, the movement of technical professionals in the world economy, and the demographic crisis facing Japan. The dynamics of changing capitalism are examined by theorizing the emergence of the services sector in the USA and Japan, analyzing the pronounced social inequality in India that is the basis for the global supply of highly skilled technical professionals, and providing considerable empirical data on the flows of professionals to these two countries to indicate Japan’s institutional inflexibility in accommodating foreign talent. The author anticipates that Japanese industry will shed some of its institutional rigidity due to the pressures of competition and the scarcity of technical professionals. Providing a wealth of information on the topic of international mobility, this book is an essential addition for scholars and students in the field of International Development, Business Studies, Asian Studies, Migration Studies, and Political Economy.

Globalization and Labour in the Twenty-First Century

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Publisher : Routledge
ISBN 13 : 1317227824
Total Pages : 184 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Globalization and Labour in the Twenty-First Century by : Verity Burgmann

Download or read book Globalization and Labour in the Twenty-First Century written by Verity Burgmann and published by Routledge. This book was released on 2016-04-14 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Open Access version of this book, available at http://www.tandfebooks.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license.Globalization has adversely affected working-class organization and mobilization, increasing inequality by redistribution upwards from labour to capital. However, workers around the world are challenging their increased exploitation by globalizing corporations. In developed countries, many unions are transforming themselves to confront employer power in ways more appropriate to contemporary circumstances; in developing countries, militant new labour movements are emerging. Drawing upon insights in anti-determinist Marxian perspectives, Verity Burgmann shows how working-class resistance is not futile, as protagonists of globalization often claim. She identifies eight characteristics of globalization harmful to workers and describes and analyses how they have responded collectively to these problems since 1990 and especially this century. With case studies from around the world, including Greece since 2008, she pays particular attention to new types of labour movement organization and mobilization that are not simply defensive reactions but are offensive and innovative responses that compel corporations or political institutions to change. Aging and less agile manifestations of the labour movement decline while new expressions of working-class organization and mobilization arise to better battle with corporate globalization. This book will be of interest to students and scholars of labour studies, globalization, political economy, Marxism and sociology of work.

The Crisis and Renewal of U.S. Capitalism

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Author :
Publisher : Routledge
ISBN 13 : 1317439112
Total Pages : 335 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Crisis and Renewal of U.S. Capitalism by : Laurence Cossu-Beaumont

Download or read book The Crisis and Renewal of U.S. Capitalism written by Laurence Cossu-Beaumont and published by Routledge. This book was released on 2015-12-22 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the reversal of America’s fortune from the triumphalism of the Roaring Nineties to the gloom of the lost decade and the Great Depression, theoretical conceptions of US capitalism have remained surprisingly unchanged. In fact, if the crisis questioned the sustainability of the US capitalist paradigm, it did not fundamentally challenge academic theorization of American political economy. This book departs from the American political economy literature to identify three common myths that have shaped our conceptualization of US capitalism: its reduction to a state-market dyad dis-embedded from societal factors; the illusion of a weak state and the synchronic conception of the US variety of capitalism. To remedy these pitfalls, the authors propose a civilizational approach to American political economy at the crossroads between cultural studies, history, sociology and political science. Drawing together contributions from a rich variety of fields (from geography to cultural studies, political science and sociology) this work sheds a new light on America’s "cultural political economy" combining theoretical reflection with empirical data and offering innovative perspectives on the crisis and renewal of American capitalism.

The Crisis and Renewal of U.S. Capitalism

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Author :
Publisher : Routledge
ISBN 13 : 1317439120
Total Pages : 327 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Crisis and Renewal of U.S. Capitalism by : Laurence Cossu-Beaumont

Download or read book The Crisis and Renewal of U.S. Capitalism written by Laurence Cossu-Beaumont and published by Routledge. This book was released on 2015-12-22 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the reversal of America’s fortune from the triumphalism of the Roaring Nineties to the gloom of the lost decade and the Great Depression, theoretical conceptions of US capitalism have remained surprisingly unchanged. In fact, if the crisis questioned the sustainability of the US capitalist paradigm, it did not fundamentally challenge academic theorization of American political economy. This book departs from the American political economy literature to identify three common myths that have shaped our conceptualization of US capitalism: its reduction to a state-market dyad dis-embedded from societal factors; the illusion of a weak state and the synchronic conception of the US variety of capitalism. To remedy these pitfalls, the authors propose a civilizational approach to American political economy at the crossroads between cultural studies, history, sociology and political science. Drawing together contributions from a rich variety of fields (from geography to cultural studies, political science and sociology) this work sheds a new light on America’s "cultural political economy" combining theoretical reflection with empirical data and offering innovative perspectives on the crisis and renewal of American capitalism.

The Dialectics of Liquidity Crisis

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Author :
Publisher : Taylor & Francis
ISBN 13 : 131753610X
Total Pages : 149 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis The Dialectics of Liquidity Crisis by : Chris Jefferis

Download or read book The Dialectics of Liquidity Crisis written by Chris Jefferis and published by Taylor & Francis. This book was released on 2017-02-17 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky’s Financial Instability Hypothesis (FIH) to the financial crisis of 2007–08. Arguing that most theories of financial crisis, including Minsky’s own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context. The book argues that explanation of the financial crisis of 2007–08 should involve interpretation of the concept of 'risk', which guides the construction and pricing of contemporary financial products such as derivatives and asset backed securities, as a form of 'liquidity', the concept that Minsky sought to explain the financial crises of the 1970s and 1980s with. The book highlights the continuing relevance of Minsky’s theory of liquidity crisis as "immanent", in a historical sense, to the products and trading practices of modern finance, because these products were developed to obviate the crisis dynamics that Minsky described. Minsky's FIH can therefore inform historical understanding of the crisis of 2007–08 but is not directly explanatory itself. The book explores explanation of the financial crisis of 2007–08 interpreting 'liquidity', in practical historical terms, as involving a process of development out of prior crisis dynamics. Seeking to contribute to debates over the causes of the financial crisis of 2007–08 by blending a discussion of historicizing philosophy, economic theory and contemporary financial banking and trading practices this work will be of great interest to scholars of international political economy, heterodox economics and critical theory.

Capitalist Alternatives

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Author :
Publisher : Routledge
ISBN 13 : 1317654730
Total Pages : 229 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis Capitalist Alternatives by : Paul Dragos Aligica

Download or read book Capitalist Alternatives written by Paul Dragos Aligica and published by Routledge. This book was released on 2014-11-20 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book's objective is to explore the challenge of thinking methodically - in a theoretically and empirically informed way - about alternative forms of capitalism. What are the most effective ways to conceptualize the existing models of capitalism that have captured the public imagination and are currently floating around in the public debate? How can one mobilize empirical analysis and theory in thinking about the realm of possibilities and about the future of economic order, but avoid the twin perils of scientism and historicism? This book is an attempt to respond to these and related challenges. First, it delves into the substantive aspect of the debate, taking a closer look at a set of particular forms and models of capitalism that are currently discussed both in mass media and in academic circles as plausible, or at least possible, alternatives to the status quo: Crony, State, Regulatory, and Entrepreneurial Capitalisms. By elaborating and clarifying those models, it engages in a heuristic exercise that leads to a better understanding of the task of conceptualizing and assessing, in a theoretically informed way, the diversity of forms of capitalism. Second, the book takes a step further, looking at the epistemic, theoretical and methodological dimensions of the discussion: What is involved, more precisely, in our classifying and theorizing of capitalist systems and their historical evolution? What is the epistemic basis for building plausible conjectures about the future evolution of an economic system? What are the logical and methodological parameters of our endeavors that deal with economic systems, or with the problem of continuity and change in comparative economic systems? Offering an original approach to the problem of alternative forms of capitalism, this book will be of great interest to scholars working in the field of comparative political economy.