Cookies?
Library Header Image
LSE Research Online LSE Library Services

The crisis in global finance: political economy perspectives on international financial regulatory change

Chwieroth, Jeffrey (2011) The crisis in global finance: political economy perspectives on international financial regulatory change. In: Beyond National Boundaries: Building a World Without Walls. Academy of Korean Studies Press. ISBN 9788971058091

[img]
Preview
PDF
Download (674kB) | Preview

Abstract

This paper provides a political economy overview and analysis of the causes and consequences of the global financial crisis of 2007-2009. It begins with an examination of the reasons for the crisis and the response of governments to it. Close attention is paid to the recent sovereign debt problems in the West, particularly in the Eurozone, as well as the impact of the crisis in East Asia and its role in leading a multi-speed global economic recovery. The paper then explores the political implications of the crisis, focusing largely on the damage done to the pre-crisis balance of power and financial orthodoxy. The paper then explores the flurry of international regulatory initiatives that have emerged since the onset of the crisis and the results of the G-20 summits. The paper concludes by analyzing these results from a political economy perspective focused on the role of power, domestic politics, and ideas. The conclusion ends with a cautionary note about growing tendencies toward unilateral and regional action taken outside the G-20 process.

Item Type: Book Section
Official URL: http://book.aks.ac.kr/index.asp
Additional Information: © 2011 The Academy of Korean Studies Press
Divisions: International Relations
Subjects: H Social Sciences > HG Finance
Date Deposited: 09 Feb 2012 11:22
Last Modified: 15 Sep 2023 09:43
URI: http://eprints.lse.ac.uk/id/eprint/41825

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics