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Debating the Global Financial Architecture opens up the contemporary debate surrounding the reform of the “global financial architecture.” Economists and political scientists explore the economic and technical content of alternative global financial regimes as well as the political processes through which such changes are negotiated. The contributors, though diverse, jointly fear that rapid removal of the remaining controls on private international financial transactions risks systematic crisis. By initiating a cross-disciplinary discussion, they hope to see the politics of global financial design examined more honestly, yet without discarding or devaluing a solid economic analysis of global money and investment flows.

Table of Contents

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  1. Cover
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  1. Frontmatter
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  1. Title
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  1. Contents
  2. pp. vii-viii
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  1. Acknowledgments
  2. p. ix
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  1. Tables
  2. p. xi
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  1. Introduction
  2. pp. xiii-xvi
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  1. I. Core Questions and Mental Categories
  2. pp. 1-62
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  1. 1. The Terms of the Debate: What’s Democracy Got to Do with It?
  2. pp. 2-62
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  1. II. Leadership and the Politics of Global Finance
  2. pp. 63-124
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  1. 2. Global Financial Architecture and Hegemonic Leadership in the New Millennium
  2. pp. 64-92
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  1. 3. Capital Controls: Why Do Governments Hesitate?
  2. pp. 93-117
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  1. 4. Reforming the International Financial Institutions: Dueling Experts in the United States
  2. pp. 118-124
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  1. III. Stability, Equity, and the Economics of Global Finance
  2. pp. 125-212
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  1. 5. The Economic Case against Free Capital Mobility
  2. pp. 126-158
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  1. 6. The Redesign of the International Financial Architecture from a Latin American Perspective: Who Pays the Bill?
  2. pp. 159-183
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  1. 7. Reform Proposals from Developing Asia: Finding a Win-Win Strategy
  2. pp. 184-212
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  1. IV. The Conundrum of Multilateral Reform
  1. 8. Japan and the New Financial Order in East Asia: From Competition to Cooperation
  2. pp. 214-235
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  1. 9. Reform without Representation? The International and Transnational Dialogue on the Global Financial Architecture
  2. pp. 236-256
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  1. 10. The European Monetary Union as a Response to Globalization
  2. pp. 257-279
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  1. Afterword: Of Bubbles and Buildings: Financial Architecture in a Liberal Democratic Era
  2. pp. 282-293
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  1. Contributors
  2. pp. 295-297
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  1. List of Titles, SUNY series in Global Politics
  2. pp. 298-300
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  1. Index
  2. pp. 301-304
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