Who Elected the Bankers?

Pauly, Louis W.

ISBN 10: 0801483751 / ISBN 13: 9780801483752

Published by Cornell University Press, 1998

Pages are clean and are not marred by notes or folds of any kind. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0801483751I2N00

Synopsis:

A former banker and staff member of the International Monetary Fund, Louis W. Pauly explains why people are deeply concerned about the emergence of a global economy and the increasingly integrated capital markets at its heart. In nations as diverse as France, Canada, Russia, and Mexico, the lives of citizens are disrupted when national policy falls out of line with the expectations of international financiers. Such dilemmas, ever more conspicuous around the world, arise from the disjuncture between a rapidly changing international economic system and a political order still constituted by sovereign states. The evolution of global capital markets inspires an understandable fear among people that the governing authorities accountable to them are losing the power to make substantive decisions affecting their own material prospects and those of their children. Pauly points out that today's capital markets resulted from decisions taken over many years by sovereign states, and particularly by the leading industrial democracies, who simultaneously crafted the instrument of multilateral economic surveillance. The effort to build adequate political foundations for global capital markets spans the twentieth century and links the histories of such institutions as the League of Nations, the International Monetary Fund, the European Union, and the Group of Seven.

About the Author:

Louis W. Pauly is Professor of Political Science and Director of the Centre for International Studies at the University of Toronto. He is the coeditor of Governing the World's Money and the author of Opening Financial Markets: Banking Politics on the Pacific Rim, both from Cornell, and coauthor or coeditor of several other books, including Complex Sovereignty.

Bibliographic Details

Title: Who Elected the Bankers?
Publisher: Cornell University Press
Publication Date: 1998
Binding: Paperback
Condition: As New
Dust Jacket Condition: No Jacket