Global Financial Integration Thirty Years on

Geoffrey R. D. Underhill is Chair in International Governance in the Department of Political Science at the University of Amsterdam. Jasper Blom is a Ph.D. candidate in the Department of Political Science at the University of Amsterdam. Daniel Mugge is Assistant Professor of International Political Economy in the Department of Political Science at the University of Amsterdam.

A policy-relevant overview of the issues and problems involved in devising an effective global financial system for the future.

Introduction: the challenges and prospects of global financial integration Geoffrey R. D. Underhill, Jasper Blom and Daniel Mügge; Part I. History and Context: Input, Output and the Current Architecture (Whence it Came): 1. Financial governance in historical perspective: lessons from the 1920s Randall Germain; 2. Between the storms: patterns in global financial governance 2001¿7 Eric Helleiner and Stefano Pagliari; 3. Deliberative international financial governance and apex policy forums: where we are and where we should be headed Andrew Baker; 4. Finance, globalisation and economic development: the role of institutions Danny Cassimon, Panicos Demetriades and Björn Van Campenhout; Part II. Assessing the Current Financial Architecture (How Well Does it Work?): 5. Adopting international financial standards in Asia: convergence or divergence in the global political economy Andrew Walter; 6. The political economy of Basel II in the international financial architecture Stijn Claessens and Geoffrey R. D. Underhill; 7. The catalytic approach to debt workout in practice: coordination failure between the IMF, the Paris Club and official creditors Eelke de Jong and Koen van der Veer; 8. Empirical evidence on the new international aid architecture Stijn Claessens, Danny Cassimon and Björn van Campenhout; 9. Who governs and why? The making of a global anti-money laundering regime Eleni Tsingou; 10. Brazil and Argentina in the global financial system: contrasting approaches to development and foreign debt Victor Klagsbrunn; 11. Global markets, national alliances and financial transformations in East Asia Xiaoke Zhang; Part III. What Does the Future Hold? Reactions to the Current Regime and Prospects for Progress (Where is it Going?): 12. Changing transatlantic financial regulatory relations at the turn of the millennium Elliot Posner; 13. Monetary and financial co-operation in Asia: improving legitimacy and effectiveness? Heribert Dieter; 14. From microcredit to microfinance to inclusive finance: a response to global financial openness Brigitte Young; 15. Combating pro-cyclicality in the international financial architecture: towards development-friendly financial governance José Ocampo and Stephany Griffith-Jones; 16. Public interest, national diversity and global financial governance Geoffrey R. D. Underhill and Xiaoke Zhang; Conclusion: whither global financial governance after the crisis? Daniel Mügge, Jasper Blom and Geoffrey R. D. Underhill.