Carola Westermeier – författare

Financial infrastructures are the lifeblood of political economies and are consistently considered critical by governments. They encapsulate socio-technical processes; not merely cables and computer servers, but the relationship of those in finance to these and other physical objects. The Cambridge Global Handbook of Financial Infrastructure consolidates the study of financial infrastructures by bridging political economy, humanities, sociology and science and technology studies. It delves into the core questions of modern finance, from the effect of digitalization on financial functions to the intricate web of global power dynamics. Drawing together interdisciplinary research, it explores the nuances of inclusivity and exclusivity within financial systems, shedding light on historical inequalities and colonial legacies. Including fresh insights, compelling case studies, and conceptual advances, this essential volume offers invaluable perspectives for informing analysis of the past, present, future of finance, and shaping policy debates. This title is also available as Open Access on Cambridge Core.

Governance and the Hegemony of Financial Stability: From Financial Crisis to Climate Emergency explains how the handling of the global financial crisis has redefined the relations of politics and financial markets and how the then established hegemony of financial stability still dominates responses to current challenges, particularly climate change.The book argues that within the years of crisis management a hegemony of financial governance evolved that accepts the financial system as being intrinsically crisis-laden and potentially disastrous for broader notions of welfare and social security. The book traces how this framework redefined state–market relations, expanded technocratic authority, and extended into new domains, including climate policy, where climate risks are reframed as threats to financial stability. By analysing the work of a transnational epistemic community of central bankers, regulators, and financial stability experts, it analyses how post-crisis governance operates through risk management, surveillance, and resilience-building. It captures how political and financial rationalities co-evolved towards a hegemony that seeks to contain crises without addressing their root causes and thus prevents more transformative changesThe book will appeal to scholars of political science, economic sociology, international relations, international political economy, as well as security, finance, and economics.

Governance and the Hegemony of Financial Stability: From Financial Crisis to Climate Emergency explains how the handling of the global financial crisis has redefined the relations of politics and financial markets and how the then established hegemony of financial stability still dominates responses to current challenges, particularly climate change.The book argues that within the years of crisis management a hegemony of financial governance evolved that accepts the financial system as being intrinsically crisis-laden and potentially disastrous for broader notions of welfare and social security. The book traces how this framework redefined state-market relations, expanded technocratic authority, and extended into new domains, including climate policy, where climate risks are reframed as threats to financial stability. By analysing the work of a transnational epistemic community of central bankers, regulators, and financial stability experts, it analyses how post-crisis governance operates through risk management, surveillance, and resilience-building. It captures how political and financial rationalities co-evolved towards a hegemony that seeks to contain crises without addressing their root causes and thus prevents more transformative changesThe book will appeal to scholars of political science, economic sociology, international relations, international political economy, as well as security, finance, and economics.

Governance and the Hegemony of Financial Stability: From Financial Crisis to Climate Emergency explains how the handling of the global financial crisis has redefined the relations of politics and financial markets and how the then established hegemony of financial stability still dominates responses to current challenges, particularly climate change.The book argues that within the years of crisis management a hegemony of financial governance evolved that accepts the financial system as being intrinsically crisis-laden and potentially disastrous for broader notions of welfare and social security. The book traces how this framework redefined state-market relations, expanded technocratic authority, and extended into new domains, including climate policy, where climate risks are reframed as threats to financial stability. By analysing the work of a transnational epistemic community of central bankers, regulators, and financial stability experts, it analyses how post-crisis governance operates through risk management, surveillance, and resilience-building. It captures how political and financial rationalities co-evolved towards a hegemony that seeks to contain crises without addressing their root causes and thus prevents more transformative changesThe book will appeal to scholars of political science, economic sociology, international relations, international political economy, as well as security, finance, and economics.