International Financial Governance Under Stress: Global Structures Versus National Imperatives

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 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: re-capitalising Indonesia's banks Richard Robison 7. Korea and the Asian crisis: the impact of the democratic deficit and OECD accession Stephen Harris 8. Currency crises in Russia and other transition economies Vladimir Popov 9. Capital account convertability and the national advantage: has India got it right? Vijay Joshi 10. Learning to live without the plan: financial reform in the PRC 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 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