Edited by Thomas Oatley, Associate Professor, University of North Carolina at Chapel Hill and W. Kindred Winecoff, Assistant Professor, Indiana University, US

‘In this book, outstanding political economists provide wide-ranging and accessible essays on the global monetary system and its interaction with dynamic and crisis-prone financial markets. The essays are filled with fresh and well-articulated insights. This timely survey of an increasingly important field deserves a prominent place on the syllabi of graduate and advanced undergraduate courses in international political economy, global governance, and international finance.’

• Contents:1. The Political Economy of the International Monetary and Financial SystemsThomas Oatley and W. Kindred WinecoffPART I: STRUCTURE, POWER, AND THE GLOBAL FINANCIAL SYSTEM2. Financial Roots of Hegemony, Cooperation, and GlobalizationAndrew C. Sobel3. Political Economy of Currency InternationalizationHyoung-kyu Chey4. The Political Economy of the Contemporary Dollar StandardThomas Oatley5. Global Imbalances and the International Monetary SystemHerman Schwartz6. The Triffin Dilemma, the Lucas Paradox, and Monetary Politics in the 21st Century W. Kindred Winecoff7. The Renminbi-Dollar Relationship: Politics and Economics of a Diminishing IssueYale H. Ferguson8. Absolute or Relative Gains? How Status Quo and Emerging Powers Conceptualize Global FinanceLeslie Elliott Armijo and John Echeverri-GentPART II: THE POLITICAL ECONOMY OF EXCHANGE RATESCore Theoretical Perspectives9. Private Actor Exchange Rate Policy PreferencesStephanie Walter10. Domestic Institutions and Exchange RatesDavid H. BearceRegional Exchange Rate Systems11. Exchange Rates In Transition EconomiesJana Grittersová12. Currency Unions in the Developing WorldScott Cooper13. The Political Economy of Exchange Rates in East AsiaHongying WangPART III: GLOBAL FINANCE: CRISES AND REGULATION14. Financial Crises and the Politics of Adjustment and ReformThomas B. Pepinsky15. Fixed Exchange Rate Regimes and Financial Markets as Sources of Macroeconomic DisciplineThomas D. Willett, Eric M.P. Chiu and Stefanie Walter16. The Politics of Global Financial RegulationKevin Young17. Why Club Goods Proliferated in Investment Finance W. Travis Selmier II18. Rethinking Financial Regulation: Risk, Club Goods, and Regulatory FatiguePhilip G. Cerny19. The Gnomes of Zurich Meet the Dogs of War: Financial Leadership and Regulation, 1850–2013Michael LeePART IV: INTERNATIONAL MONETARY INSTITUTIONS20. Financial Governance in a Globalizing WorldRichard W. Mansbach21. IMF Programs: Participation, Implementation, and Effects Graham Bird and Dane Rowlands22. In Lieu of an Anchor: The Fund and its Surveillance FunctionBessma Momani and Kevin A. English23. The EU and the EuroMichele Chang24. Our (Gracious?) Benefactors: US, Japan, China and East Asian Monetary RelationsEmmanuel YujuicoIndex

Edited by Thomas Oatley, Associate Professor, University of North Carolina at Chapel Hill and W. Kindred Winecoff, Assistant Professor, Indiana University, US

‘In this book, outstanding political economists provide wide-ranging and accessible essays on the global monetary system and its interaction with dynamic and crisis-prone financial markets. The essays are filled with fresh and well-articulated insights. This timely survey of an increasingly important field deserves a prominent place on the syllabi of graduate and advanced undergraduate courses in international political economy, global governance, and international finance.’

• Contents:1. The Political Economy of the International Monetary and Financial SystemsThomas Oatley and W. Kindred WinecoffPART I: STRUCTURE, POWER, AND THE GLOBAL FINANCIAL SYSTEM2. Financial Roots of Hegemony, Cooperation, and GlobalizationAndrew C. Sobel3. Political Economy of Currency InternationalizationHyoung-kyu Chey4. The Political Economy of the Contemporary Dollar StandardThomas Oatley5. Global Imbalances and the International Monetary SystemHerman Schwartz6. The Triffin Dilemma, the Lucas Paradox, and Monetary Politics in the 21st Century W. Kindred Winecoff7. The Renminbi-Dollar Relationship: Politics and Economics of a Diminishing IssueYale H. Ferguson8. Absolute or Relative Gains? How Status Quo and Emerging Powers Conceptualize Global FinanceLeslie Elliott Armijo and John Echeverri-GentPART II: THE POLITICAL ECONOMY OF EXCHANGE RATESCore Theoretical Perspectives9. Private Actor Exchange Rate Policy PreferencesStephanie Walter10. Domestic Institutions and Exchange RatesDavid H. BearceRegional Exchange Rate Systems11. Exchange Rates In Transition EconomiesJana Grittersová12. Currency Unions in the Developing WorldScott Cooper13. The Political Economy of Exchange Rates in East AsiaHongying WangPART III: GLOBAL FINANCE: CRISES AND REGULATION14. Financial Crises and the Politics of Adjustment and ReformThomas B. Pepinsky15. Fixed Exchange Rate Regimes and Financial Markets as Sources of Macroeconomic DisciplineThomas D. Willett, Eric M.P. Chiu and Stefanie Walter16. The Politics of Global Financial RegulationKevin Young17. Why Club Goods Proliferated in Investment Finance W. Travis Selmier II18. Rethinking Financial Regulation: Risk, Club Goods, and Regulatory FatiguePhilip G. Cerny19. The Gnomes of Zurich Meet the Dogs of War: Financial Leadership and Regulation, 1850–2013Michael LeePART IV: INTERNATIONAL MONETARY INSTITUTIONS20. Financial Governance in a Globalizing WorldRichard W. Mansbach21. IMF Programs: Participation, Implementation, and Effects Graham Bird and Dane Rowlands22. In Lieu of an Anchor: The Fund and its Surveillance FunctionBessma Momani and Kevin A. English23. The EU and the EuroMichele Chang24. Our (Gracious?) Benefactors: US, Japan, China and East Asian Monetary RelationsEmmanuel YujuicoIndex

Edited by Thomas Oatley, Associate Professor, University of North Carolina at Chapel Hill and W. Kindred Winecoff, Assistant Professor, Indiana University, US

‘In this book, outstanding political economists provide wide-ranging and accessible essays on the global monetary system and its interaction with dynamic and crisis-prone financial markets. The essays are filled with fresh and well-articulated insights. This timely survey of an increasingly important field deserves a prominent place on the syllabi of graduate and advanced undergraduate courses in international political economy, global governance, and international finance.’

• Contents:1. The Political Economy of the International Monetary and Financial SystemsThomas Oatley and W. Kindred WinecoffPART I: STRUCTURE, POWER, AND THE GLOBAL FINANCIAL SYSTEM2. Financial Roots of Hegemony, Cooperation, and GlobalizationAndrew C. Sobel3. Political Economy of Currency InternationalizationHyoung-kyu Chey4. The Political Economy of the Contemporary Dollar StandardThomas Oatley5. Global Imbalances and the International Monetary SystemHerman Schwartz6. The Triffin Dilemma, the Lucas Paradox, and Monetary Politics in the 21st Century W. Kindred Winecoff7. The Renminbi-Dollar Relationship: Politics and Economics of a Diminishing IssueYale H. Ferguson8. Absolute or Relative Gains? How Status Quo and Emerging Powers Conceptualize Global FinanceLeslie Elliott Armijo and John Echeverri-GentPART II: THE POLITICAL ECONOMY OF EXCHANGE RATESCore Theoretical Perspectives9. Private Actor Exchange Rate Policy PreferencesStephanie Walter10. Domestic Institutions and Exchange RatesDavid H. BearceRegional Exchange Rate Systems11. Exchange Rates In Transition EconomiesJana Grittersová12. Currency Unions in the Developing WorldScott Cooper13. The Political Economy of Exchange Rates in East AsiaHongying WangPART III: GLOBAL FINANCE: CRISES AND REGULATION14. Financial Crises and the Politics of Adjustment and ReformThomas B. Pepinsky15. Fixed Exchange Rate Regimes and Financial Markets as Sources of Macroeconomic DisciplineThomas D. Willett, Eric M.P. Chiu and Stefanie Walter16. The Politics of Global Financial RegulationKevin Young17. Why Club Goods Proliferated in Investment Finance W. Travis Selmier II18. Rethinking Financial Regulation: Risk, Club Goods, and Regulatory FatiguePhilip G. Cerny19. The Gnomes of Zurich Meet the Dogs of War: Financial Leadership and Regulation, 1850–2013Michael LeePART IV: INTERNATIONAL MONETARY INSTITUTIONS20. Financial Governance in a Globalizing WorldRichard W. Mansbach21. IMF Programs: Participation, Implementation, and Effects Graham Bird and Dane Rowlands22. In Lieu of an Anchor: The Fund and its Surveillance FunctionBessma Momani and Kevin A. English23. The EU and the EuroMichele Chang24. Our (Gracious?) Benefactors: US, Japan, China and East Asian Monetary RelationsEmmanuel YujuicoIndex