Financial Liberalization and the Reconstruction of State-Market Relations

by Robert B. Packer

Overview

This study examines the causes and political consquences of financial liberalization in the advanced industrial states. Tracing the interaction between domestic political choices and the structure of the financial regime, the author argues that the ability of financial asset-holders to hedge political risk through portfolio diversification systematically constrains state behavior by rewarding some actions and punishing others. "Structural" phenomena are thus the activities of non-state actors who operate transnationally. In addressing the political influence of financial asset-holders, this study challenges traditional state-centric explanations for policy choice.

This work will be of interest to political scientists, economists, and scholars studying international political economy.

Product Details

ISBN-13:	9781136784774
Publisher:	Taylor & Francis
Publication date:	03/11/2019
Series:	Financial Sector of the American Economy
Sold by:	Barnes & Noble
Format:	eBook
Pages:	226
File size:	382 KB

About the Author

Robert B Packer

Table of Contents

I. INTRODUCTION, II. IMPLICATIONS OF A NEW FINANCIAL ORDER, III. THE HISTORICAL EVOLUTION OF THE KEY ARRANGEMENTS , IV. NATIONAL ECONOMIC POLICYMAKING IN AN ERA OF GLOBAL FINANCE, V. RENEGOTIATING THE BANKERS’ BARGAIN, VI. LIMITS OF POLICY AUTONOMY, VII. CONCLUSION