The Group of Seven: Finance Ministries, Central Banks and Global Financial Governance (Routledge Warwick Studies in Globalisation)

✍ Scribed by Andrew Baker

• Year: 2006
• Tongue: English
• Leaves: 313
• Edition: 1
• Category: Library

✦ Synopsis

We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the G7 play in global financial governance? How much authority do they possess and how is that authority exercised? This is the first major monograph on the political economy of G7 finance ministry and central bank co-operation. It argues that to understand the contribution of the G7 to global financial governance it is necessary to locate the process in the context of a wider world financial order comprised of decentralized globalization. It also provides original case study material on the G7’s contribution to macroeconomic governance and to debates on the global financial architecture over the last decade. It assesses the G7’s role in producing a system of global financial governance based on market supremacy and technocratic transgovernmental consensus and articulates normative criticisms of the G7’s exclusivity. For researchers in the fields of IR/IPE generally, postgraduate students in the field of international organization and global governance, policy makers and financial journalists this is the most extensive analysis of the G7 and the political economy of global financial governance to date.

✦ Table of Contents

Book Cover......Page 1
Half-Title......Page 2
Series Title......Page 3
Title......Page 6
Copyright......Page 7
Dedication......Page 8
Contents......Page 10
List of Illustrations......Page 11
Foreword......Page 12
Acknowledgements......Page 15
1. Introduction: The group of seven and global financial governance......Page 18
2. The evolution of the group of seven and the re-emergence of global finance......Page 35
3. Situating the group of seven in a context of decentralized financial globalization: A Four-dimensional frame work......Page 55
The group of seven and the politics of financial ideas: The durability of the economic cons
ensus of the 1990s......Page 83
5. The group of seven a s a multi-spatial transgovernmental actor in world politics: Four-dimensional diplomacy in practice......Page 117
6. The group of seven and macroeconomic governance: Discourse, declaratory policy and market supremacy......Page 160
7. The group of seven and the global financial architecture: The institutional and ideational foundations of market supremacy......Page 200
8. Conclusion: Global financial governance and the Group of seven as a senior transgovernmental coalition......Page 245
Notes......Page 264
Bibliography......Page 290
Index......Page 307