Handbook of Global Economic Governance

Manuela Moschella is Lecturer in Political Science at the University of Turin, Italy. Previously, she was ‘Nino Andreatta Fellow’ at the University of Bologna, Italy and Visiting Fellow at Johns Hopkins University, USA and at Copenhagen Business School, Denmark. She is the author of Governing Risk: The IMF and Global Financial Crises (Palgrave Macmillan, 2010) and one of the editors of Great Expectations, Slow Transformations: Incremental Change in Post-crisis Regulation (ECPR Press, 2013). Her core research interests include the politics of financial regulatory reforms and processes of change in global economic governance. She has published on these issues in a number of journals, including the Review of International Political Economy, New Political Economy, the Journal of Public Policy, and Comparative European Politics.Catherine Weaver is Associate Professor at the LBJ School of Public Affairs at the University of Texas at Austin, USA, where she directs the MA programme in Global Policy Studies and co-directs the research programme on Innovations for Peace and Development. She conducts extensive research on the organizational behaviour and reform of international financial institutions, the political economy of global development aid and the use of GIS (geographic information system) technology to track and map international development and climate adaptation aid world-wide. In addition to numerous journal articles and book chapters, she is the author of Hypocrisy Trap: The World Bank and the Poverty of Reform (Princeton University Press, 2008) and co-editor (with Nicola Phillips) of International Political Economy: Debating the Past, Present and Future (Routledge Press, 2010).

• INTRODUCTION1. Global Economic Governance: An IntroductionSECTION I Governing the global economy2. The Evolution of Global Economic System and its Governance3. Studying Global Economic Governance: Interests, Social Purpose, and Ambiguity4. Varieties of Governance: Caught between Public and Private GovernanceSECTION II Promoting economic growth and policy coordination5. The World Bank: financing development and poverty reduction6. Setting the foundations of economic growth: the IMF’s rules on current account convertibility7. Apex policy forums: What do they do?8. The G20 and the Mutual Assessment Program9. Stability and Growth Pact: How much effective is coordination?SECTION III Crisis prevention10. IMF Surveillance: Exchange Rates and beyond11. Setting the agenda and Peer-reviewing: The Financial Stability Board and its contribution to globalfinancial stability12. Basel I, II, and III: Any more in the making?13. Where are we in the international financial standard initiative?14. Experimenting with macroprudential regulation: the European Systemic Risk Board and the US Financial Stability Oversight CouncilSECTION IV Crisis Management15. Lending to Emerging Market Countries: Old and New Issues16. Are capital controls a now acceptable governance tool?17. The WTO’s Dispute Settlement Mechanism18. Regional bail-out funds: The case of EuropeSECTION V Knowledge production and Expectations’ stabilization19. The Knowledge Bank: why is it important?20. The Power of Numbers in the International Financial Institutions21. Transnational policy communities and the creation of global standards22. The Bond Rating AgenciesSECTION VI Criticizing global governance: problems and reforms22. The problem of legitimacy in global economic governance23. Do we need to change it? The debate24. Global governance in crisis: what’s ahead?25. Conclusions