International Financial Governance under Stress

List of figures; List of tables; List of contributors; Acknowledgements; Introduction: global market integration, financial crises and policy imperatives Geoffrey R. D. Underhill and Xiaoke Zhang; Part I. Financial Globalisation and Policy Responses: Concepts and Arguments: 1. Reform of the international financial architecture: what has been written? Jonathan Story; 2. Costs and benefits of financial globalisation: concepts, evidence and implications John Williamson; 3. Capital controls: the neglected option Benjamin J. Cohen; 4. Global structures and political imperatives: in search of normative underpinnings for international financial order Geoffrey R. D. Underhill and Xiaoke Zhang; Part II. Globalisation, Financial Crises and National Experiences: 5. Crisis consequences: lessons from Thailand Pasuk Phongpaichit and Chris Baker; 6. The politics of financial reform: recapitalising Indonesia's banks Richard Robison; 7. South Korea and the Asian crisis: the impact of the democratic deficit and OECD accession Stephen L. Harris; 8. Currency crises in Russia and other transition economies Vladimir Popov; 9. Capital account convertibility and the national interest: has India got it right? Vijay Joshi; 10. Learning to live without the Plan: financial reform in China Shaun Breslin; 11. The Asian financial crisis and Japanese policy reactions Masayuki Tadokoro; Part III. Private Interests, Private-Public Interactions and Financial Policy: 12. Private capture, policy failures and financial crisis: evidence and lessons from South Korea and Thailand Xiaoke Zhang and Geoffrey R. D. Underhill; 13. Governance, markets and power: the political economy of accounting reform in Indonesia Andrew Rosser; 14. The private sector, international standards and the architecture of global finance George Vojta and Marc Uzan; Part IV. Building the New Financial Architecture: Norms, Institutions and Governance: 15. The legitimacy of international organisations and the future of global governance Jean-Marc Coicaud and Luiz A. Pereira da Silva; 16. The G-7 and architecture debates: norms, authority and global financial governance Andrew Baker; 17. Bail-outs, bail-ins and bankruptcy: evolution of the new architecture Manmohan S. Kumar and Marcus Miller; Conclusion: towards the good governance of the international financial system Geoffrey R. D. Underhill and Xiaoke Zhang; Index.