Governing Risk [antikvár]

'Moschella's analysis of the evolution of IMF policy with respect to capital market liberalization is first rate. Her work is both a sophisticated case study and a worthy wider contribution.' — Erik Jones, Resident Professor of European Studies, The Paul H. Nitze School of Advanced International Studies, John Hopkins University, USA and Italy 'During the past two decades the IMF has transitioned from global bully boy to ignored agony aunt to, following the most recent crises, a humbled cooperative player in global financial governance. Moschella's superb volume walks us through the Fund's ideational shift on capital controls from orderly to market-led liberalisation, explaining the whys and howl in the interplay between ideas and policy reform. Her focus on "legitimacy feedbacks" as a mechanism of ideational influence is a particularly noteworthy contribution to construc-tivist scholarship on change in the international political economy.' — Leonard Seabrooke, Professor of International Political Economy and Economic Sociology, Copenhagen Business School, Denmark, and University of Warwick, UK 'In the midst of a world economic crisis, this is a timely and important book that clearly explains the evolution of rules regarding global finance over the past twenty years. Moschella, one of the brightest young scholars in the field, provides a fascinating agent-centered constructivist account of the ever-changing consensus regarding financial liberalization, taking her readers inside the walls of the IMF to illuminate the dynamic – and often contentious –interaction between ideas and policy.' — Catherine Weaver, Associate Professor of Public Affairs, The University of Texas atAustin, USA With the effects of the latest financial crisis still unfolding, this engaging book provides a timely analysis of the politics of international financial reform. By comparing the policies the international community requested the IMF to follow in the aftermath of the Mexican, Asian and subprime crises, the book traces the evolution of the international regulatory framework from an agent-centered constructivist perspective. Moschella's extensive research leads her to draw important connections between changing ideas, fluctuating economic conditions and the outcomes of the Fund's policies. She also investigates the inner workings of the Fund, revealing how IMF staff exert their influence over member states. Manuela Moschella is Assistant Professor in Political Science at the University of Turin and 'Nino Andreatta Fellow' at the University of Bologna, Italy. Her core research interests include the politics of change in international financial organizations and reforms to the international financial regulatory architecture.