The international organization of credit : states and global finance in the world-economy / Randall D. Germain.
"In 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 network...
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| Online Access: |
Full Text (via Cambridge) |
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| Main Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge ; New York :
Cambridge University Press,
1997.
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| Series: | Cambridge studies in international relations ;
57. |
| Subjects: |
| Summary: | "In 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. Germain's analysis thus suggests that we are living through a period of fragile international monetary order."--Jacket |
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| Physical Description: | 1 online resource (xvi, 203 pages) : illustrations |
| Bibliography: | Includes bibliographical references (pages 182-195) and index. |
| ISBN: | 0511001479 9780511001475 9780511585401 0511585403 |
| DOI: | 10.1017/CBO9780511585401 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |