{"product_id":"ruling-capital-emerging-markets-and-the-reregulation-of-cross-border-finance-hardback-9780801453113","title":"Ruling Capital; Emerging Markets and the Reregulation of Cross-Border Finance (Hardback) 9780801453113","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRuling Capital\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eEmerging Markets and the Reregulation of Cross-Border Finance\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eKevin P. Gallagher (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780801453113\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 4 December 2014\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e248 pages, 2 line drawings, 19 tables, 5 charts - 2 Line drawings, black and white\u003cbr\u003e23.5 x 15.5 x 1.5 cm, 0.454 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eCross-border portfolio capital flows and their frequent instability have brought new challenges to emerging market countries seeking sustainable economic growth. In this volume, Gallagher (global studies, Boston Univ.) focuses on these dangerous financial flows and what can be done about them. The book is clear, concise, and authoritative, arguing that optimal not minimal intervention in cross-border portfolio capital flows has become an important policy goalhaving even penetrated the International Monetary Fund's toolkit.\u003c\/p\u003e - I. Walter (Choice)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003eIn \u003c\/b\u003e\u003cb\u003e\u003ci\u003eRuling Capital\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003e, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level.\u003c\/b\u003e Gallagher also shows that some EMDs, particularly the BRICS coalition, were able to maintain or expand their sovereignty to regulate cross-border finance under global economic governance institutions. Gallagher combines econometric analysis with in-depth interviews with officials and interest groups in select emerging markets and policymakers at the International Monetary Fund, the World Trade Organization, and the G-20 to explain key characteristics of the global economy. \u003c\/p\u003e \u003cp\u003eGallagher develops a theory of countervailing monetary power that shows how emerging markets can counter domestic and international opposition to the regulation of cross-border finance. Although many countries were able to exert countervailing monetary power in the wake of the crisis, such power was not sufficient to stem the magnitude of unstable financial flows that continue to plague the world economy. Drawing on this theory, Gallagher outlines the significant opportunities and obstacles to regulating cross-border finance in the twenty-first century.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e1. Countervailing Monetary Power2. Defending Cooperative Decentralization3. From Managing the Trilemma to Stability-Supported Growth4. Let's Not Get Carried Away: Financial Turbulence and Emerging-Market Innovations in the Wake of the Crisis5. The Politics of Reregulating Cross-Border Finance6. Ruling Capital: The New International Monetary Fund View of the Capital Account7. Good Talk, Little Action: The Limits of the G208. Trading Away Financial Stability: Reconstructing Capital Account Liberalization as Trade and Investment Policy9. The Future of Countervailing Monetary Power\u003ci\u003eReferences\u003cbr\u003e Index\u003c\/i\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cornell University Press","offers":[{"title":"Brand New","offer_id":52744852209944,"sku":"9780801453113","price":19.99,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/ruling-capital-emerging-markets-and-the-reregulation-of-cross-border-finance-hardback-9780801453113","provider":"Freshly Printed Books","version":"1.0","type":"link"}