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The International Organization of Credit: States and Global Finance in the World-Economy

The International Organization of Credit: States and Global Finance in the World-Economy

Paperback

Series: Cambridge Studies in International Relations, Book 57

Investing & FinanceInternational Relations

ISBN10: 0521598516
ISBN13: 9780521598514
Publisher: Cambridge University Press
Published: Oct 13 1997
Pages: 224
Weight: 0.74
Height: 0.51 Width: 6.00 Depth: 9.00
Language: English
Randall Germain explores the changing political economy of finance at the global level. He relates changes in global finance to wider changes in the organization of the international economy, and considers how commercial and investment banks have responded institutionally to these changes. Changes in the institutional organization of credit have rendered traditional policy instruments for controlling credit less useful today than in the past. Germain thus argues that the international organization of credit is likely to be relatively unstable into the twenty-first century, and the role of states within the global credit system will be precarious.

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International Relations