In this Book

summary

A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global economy and the increasingly integrated capital markets at its heart. In nations as diverse as France, Canada, Russia, and Mexico, the lives of citizens are disrupted when national policy falls out of line with the expectations of international financiers. Such dilemmas, ever more conspicuous around the world, arise from the disjuncture between a rapidly changing international economic system and a political order still constituted by sovereign states. The evolution of global capital markets inspires an understandable fear among people that the governing authorities accountable to them are losing the power to make substantive decisions affecting their own material prospects and those of their children. Pauly points out that today's capital markets resulted from decisions taken over many years by sovereign states, and particularly by the leading industrial democracies, who simultaneously crafted the instrument of multilateral economic surveillance. The effort to build adequate political foundations for global capital markets spans the twentieth century and links the histories of such institutions as the League of Nations, the International Monetary Fund, the European Union, and the Group of Seven.

A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global economy and the increasingly integrated capital markets at its heart. In nations as diverse as France, Canada, Russia, and Mexico, the lives of citizens are disrupted when national policy falls out of line with the expectations of international financiers. Such dilemmas, ever more conspicuous around the world, arise from the disjuncture between a rapidly changing international economic system and a political order still constituted by sovereign states.

The evolution of global capital markets inspires an understandable fear among people that the governing authorities accountable to them are losing the power to make substantive decisions affecting their own material prospects and those of their children. Pauly points out that today's capital markets resulted from decisions taken over many years by sovereign states, and particularly by the leading industrial democracies, who simultaneously crafted the instrument of multilateral economic surveillance. The effort to build adequate political foundations for global capital markets spans the twentieth century and links the histories of such institutions as the League of Nations, the International Monetary Fund, the European Union, and the Group of Seven.

Table of Contents

  1. Cover
  2. restricted access
    • Download PDF Download
    contents
  1. Half Title, Series Info, Title Page, Copyright, Dedication
  2. restricted access
    • Download PDF Download
    contents
  1. Contents
  2. pp. vii-viii
  3. restricted access
    • Download PDF Download
    contents
  1. Preface
  2. pp. ix-xiv
  3. restricted access
    • Download PDF Download
    contents
  1. 1. Global Markets and National Politics
  2. pp. 1-19
  3. restricted access
    • Download PDF Download
    contents
  1. 2. The Political Economy of International Capital Mobility
  2. pp. 20-43
  3. restricted access
    • Download PDF Download
    contents
  1. 3. The League of Nations and the Roots of Multilateral Oversight
  2. pp. 44-61
  3. restricted access
    • Download PDF Download
    contents
  1. 4. The Transformation of Economic Oversight in the League
  2. pp. 62-78
  3. restricted access
    • Download PDF Download
    contents
  1. 5. Global Aspirations and the Early International Monetary Fund
  2. pp. 79-97
  3. restricted access
    • Download PDF Download
    contents
  1. 6. The Reinvention of Multilateral Economic Surveillance
  2. pp. 98-130
  3. restricted access
    • Download PDF Download
    contents
  1. 7. The Political Foundations of Global Markets
  2. pp. 131-144
  3. restricted access
    • Download PDF Download
    contents
  1. Notes
  2. pp. 145-172
  3. restricted access
    • Download PDF Download
    contents
  1. Selected Bibliography
  2. pp. 173-178
  3. restricted access
    • Download PDF Download
    contents
  1. Index
  2. pp. 179-184
  3. restricted access
    • Download PDF Download
    contents

Additional Information

ISBN
9781501732294
Related ISBN
9780801483752
MARC Record
OCLC
1132226939
Pages
200
Launched on MUSE
2020-01-01
Language
English
Open Access
No
Back To Top

This website uses cookies to ensure you get the best experience on our website. Without cookies your experience may not be seamless.