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- About this book
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With the effects of the latest financial crisis still unfolding, this is a timely guide to the politics of international financial reform comparing the policies that the international community requested the IMF to follow in the aftermath of the Mexican, Asian, and subprime crisis.
- About the authors
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Manuela Moschella is Assistant Professor in Political Science at the University of Turin and 'Nino Andreatta Fellow' at the University of Bologna, Italy. Her core research interests include the politics of change in international financial organizations and reforms to the international financial regulatory architecture.
- Reviews
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'Moschella's analysis of the evolution of IMF policy with respect to capital market liberalization is first rate. Her work is both a sophisticated case study and a worthy wider contribution.' Erik Jones, Resident Professor of European Studies, The Paul H. Nitze School of Advanced International Studies, John Hopkins University, USA and Italy
'During the past two decades the IMF has transitioned from global bully boy to ignored agony aunt to, following the most recent crises, a humbled cooperative player in global financial governance. Moschella's superb volume walks us through the Fund's ideational shift on capital controls from orderly to market-led liberalisation, explaining the whys and hows in the interplay between ideas and policy reform. Her focus on 'legitimacy feedbacks' as a mechanism of ideational influence is a particularly noteworthy contribution to constructivist scholarship on change in the international political economy.' - Leonard Seabrooke, Professor of International Political Economy and Economic Sociology, Copenhagen Business School, Denmark and University of Warwick, UK
'In the midst of a world economic crisis, this is a timely and important book that clearly explains the evolution of rules regarding global finance over the past twenty years. Moschella, one of the brightest young scholars in the field, provides a fascinating agent-centered constructivist account of the ever-changing consensus regarding financial liberalization, taking her readers inside the walls of the IMF to illuminate the dynamic and often contentious - interaction between ideas and policy. ' - Catherine Weaver, Associate Professor of Public Affairs, The University of Texas at Austin, USA
- Table of contents (7 chapters)
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Introduction: The IMF and Global Financial Governance
Pages 1-16
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Evolutionary Policies: Economic Ideas and Legitimacy Feedback
Pages 17-34
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The 1990s Consensus on International Financial Integration
Pages 35-63
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The Mexican Crisis: Testing the Consensus
Pages 64-92
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The Asian Crisis: Questioning the Consensus
Pages 93-118
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Table of contents (7 chapters)
Bibliographic Information
- Bibliographic Information
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- Book Title
- Governing Risk
- Book Subtitle
- The IMF and Global Financial Crises
- Authors
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- M. Moschella
- Series Title
- International Political Economy Series
- Copyright
- 2010
- Publisher
- Palgrave Macmillan UK
- Copyright Holder
- Palgrave Macmillan, a division of Macmillan Publishers Limited
- eBook ISBN
- 978-0-230-27744-1
- DOI
- 10.1057/9780230277441
- Hardcover ISBN
- 978-0-230-23687-5
- Softcover ISBN
- 978-1-349-31470-6
- Softcover ISBN
- 978-0-230-36795-1
- Edition Number
- 1
- Number of Pages
- XV, 212
- Topics
