The international organization of credit : states and global finance in the world-economy
Author(s)
Bibliographic Information
The international organization of credit : states and global finance in the world-economy
（Cambridge studies in international relations, 57）
Cambridge University Press, 1997
- : hbk
- : pbk
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Note
Includes bibliographical references (p. 182-195) and index
Description and Table of Contents
Description
In this book, Randall Germain explores the international organization of credit in a changing world economy. At the centre of his analysis is the construction of successive international organisations of credit, built around principal financial centres (PFCs) and constituted by overlapping networks of credit institutions, mainly investment, commercial, and central banks. A critical historical approach to international political economy (IPE) 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 replaced Bretton Woods is anchored unevenly across the world's three principal financial centres: New York, London, and Tokyo. This balance of power is irrevocably fragmented with respect to relations between states, and highly ambiguous in terms of how power is exercised between public authorities and private financial institutions.
Table of Contents
- List of figures and tables
- Preface
- Note on figures and tables
- Glossary
- 1. Routes to international political economy: accounting for international monetary order
- Part I. The International Organization of Credit in Historical Perspective: 2. The power of cities and their limits: principal financial centres and international monetary order
- 3. Between change and continuity: reconstructing 'Bretton Woods'
- Part II. The Contemporary International Organization of Credit: 4. The era of decentralized globalization
- 5. Decentralized globalization and the exercise of public authority
- 6. Finance, power and the world-economy approach: towards an historical-institutional international political economy
- Appendix: top merchant/investment banks, by city and era
- References
- Index.
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