Description - The International Organization of Credit by Randall D. Germain
In this book, Randall 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 (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 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 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. Germain's analysis thus suggests that we are living in a period of fragile international monetary order.
Buy The International Organization of Credit by Randall D. Germain from Australia's Online Independent Bookstore, Boomerang Books.
(229mm x 152mm x 16mm)
Cambridge University Press
Publisher: Cambridge University Press
Country of Publication:
Other Editions - The International Organization of Credit by Randall D. Germain
Book Reviews - The International Organization of Credit by Randall D. Germain
» Have you read this book? We'd like to know what you think about it - write a review about International Organization of Credit book by Randall D. Germain and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)
A Preview for this title is currently not available.