| Document Type
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BL
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| Record Number
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1024926
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| Doc. No
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b779296
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| Main Entry
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Mosley, Layna.
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| Title & Author
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Global capital and national governments /\ Layna Mosley.
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| Publication Statement
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New York :: Cambridge University Press,, ©2003.
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| Series Statement
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Cambridge studies in comparative politics
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| Page. NO
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1 online resource (xviii, 379 pages) :: illustrations
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| ISBN
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0511615671
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: 1107317061
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: 1107321492
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: 9780511615672
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: 9781107317062
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: 9781107321496
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0521521629
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0521815215
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9780521521628
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9780521815215
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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1. National Governments and Global Capital: A Recasting -- 2. Financial Market Influence on Government Policy: Theory and Hypotheses -- 3. Financial Market Influence in Developed Nations: An Empirical Assessment -- 4. Financial Market-Government Relations In Emerging Markets -- 5. Politics Meets Markets: Domestic Responses to Financial Market Pressures -- 6. Alternative Domestic Responses: Changes to Financial Market-Government Relations -- 7. History Repeating Itself? Financial Markets and National Government Policies before the First World War -- 8. Financial Market-Government Relations in the Twenty-First Century -- App. 2.1. Financial Market Interviews -- App. 3.1. Data Definitions And Sources -- App. 3.2. Full Results For Macroindicators Model -- App. 4.1. The Components of The SDDS -- App. 4.2. Rating Agency Methodologies -- App. 4.3. Rating Agency Outcomes, 1997 -- App. 6.1. Nations in Capital Controls Data Set.
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| Abstract
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Global Capital and National Governments suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Global Capital and National Governments draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.
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| Subject
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Capital market-- Government policy.
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Finance-- Government policy.
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International finance-- Government policy.
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BUSINESS ECONOMICS-- Finance.
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Capital market-- Government policy.
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Décision politique.
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Finance-- Government policy.
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Finances internationales.
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International finance-- Government policy.
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| Subject
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Marché financier.
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Mouvements de capitaux-- Aspect politique.
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| Subject
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Politique économique.
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| Dewey Classification
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332
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| LC Classification
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HG4523.M67 2003eb
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