Following the Asia crisis of 1997-98, policymakers invested a great deal of energy in designing a new international financial architecture. However many of the policy proposals which have emerged from think tanks and the multilateral agencies have proven unworkable or politically unpalatable....

<title>ABSTRACT</title> A rich literature has emerged on the causes and consequences of international capital mobility (ICM). Yet much of this literature typically depicts ICM as a brute fact - one which possesses an unproblematic logic to which actors respond automatically across time and space. We challenge...

In this timely and provocative book, Rethel and Sinclair examine banking in America, Asia and Europe, and the circumstances that have transformed banks' attitude to risk. They argue that government, rather than restraining banks, plays a major role in shaping their motivation and behaviour, and...

Intro -- Contents -- List of Tables and Figures -- Preface -- 1. Introduction -- 2. Good, Bad, or Indifferent: The Emergence of Rating -- 3. Unconscious Power -- 4. Rating Corporations -- 5. Rating State and Local Governments -- 6. Global Growth of the Rating Business -- 7. Blown Calls: Rating...