The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance.
This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as merely transmitting power originating elsewhere, this book argues that power must be created by painstakingly assembling actors, networks, and objects that are often quite autonomous and working at cross purposes to one another—a process in which TFAs play a central role. The book explores these themes in chapters examining the roles of TFAs in interacting with public authorities, constructing global financial markets, and creating financial communities. The authors additionally analyse the roles of TFAs in the European Union, in the Global South, and in promoting goals other than profitability, including Islamic finance, microfinancing, savings banks and cooperatives.
Making a distinctive contribution to our understanding of global finance and global governance, Transnational Financial Associations and the Governance of Global Finance is an important book for students and scholars of international political economy, finance, global governance and international relations.
1. Introduction: Private Authority and Private Associations in Global Finance and Global Governance 2. Conceptualizing Transnational Financial Associations and Global Financial Power Section I 3. Transnational financial associations and the global public sphere: reshaping the public/private frontier 4. Constructing markets, industries and technologies: the effects of transnational financial associations on global financial markets 5. Transnational financial associations and their role in constructing and servicing financial communities Section II 6. Transnational financial associations and regional integration: the special case of the European Union 7. Transnational financial associations in the global south: globalization, regionalism and development 8. Inclusion and differentiation: transnational financial associations and the pursuit of social and cultural ends through finance 9. Conclusion
For almost two decades now, the RIPE Series published by Routledge has been an essential forum for cutting-edge scholarship in International Political Economy. The series brings together new and established scholars working in critical, cultural and constructivist political economy. Books in the RIPE Series typically combine an innovative contribution to theoretical debates with rigorous empirical analysis.
The RIPE Series seeks to cultivate:
James Brassett – Warwick
Eleni Tsingou – Copenhagen Business School
Susanne Soederberg – Queen’s
Jacqueline Best – Ottawa