Transnational financial associations and the governance of global finance : assembling wealth and power

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Title:

Author:

McKeen-Edwards, Heather.

ISBN:

9780415659727

9780415659741

9780203586082

Personal Author:

McKeen-Edwards, Heather.

Publication Information:

Abingdon, Oxon ; New York, NY : Routledge, 2013.

Physical Description:

xix, 217 p. : ill. ; 24 cm.

Series:

RIPE series in global political economy

General Note:

Formerly CIP.

Contents:

Machine generated contents note: 1.Introduction: Private authority and private associations in global finance and global governance -- TFAs and power in global finance -- What are TFAs? -- How do TFAs vary? -- TFAs and theory -- Ontology -- Functionality -- Power -- The plan of the book -- 2.Conceptualizing transnational financial associations and global financial power -- Important current theories that underestimate the role of TFAs -- The structural power of capital -- Global markets, efficiency, and transnational financial associations -- The power of the state and transnational financial associations -- The literature on private authority and governance -- An alternative metatheoretical and theoretical approach -- An assemblage ontology -- Theorizing functionality and discursive elements in TFAs -- Power -- Conclusion -- 3.Transnational financial associations and the global public sphere: Reshaping the public/private frontier -- Institute of International Finance (IIF) --

Contents note continued: Global Financial Market Association (GFMA) -- International Swaps and Derivatives Association (ISDA) -- International Accounting Standards Board (IASB) -- Other top TFAs -- Analysis and conclusion: what lessons can be drawn from this survey of the top TFAs? -- 4.Constructing markets, industries and technologies -- Inexorable financializalion? -- Assemblages, functionality, power, and the role of TFAs in the transnational expansion of finance -- TFAs and market making -- Comprehensiveness and failure -- Analysis and conclusion -- 5.TFAs and the production of financial communities -- Association roles as a response to member interests -- Association roles as constraining and constructing their members -- Examining TFA roles and their relationship with members -- Caveats -- Analysis and conclusion -- 6.Financial associations and regional integration: The case of the European Union -- Evolution of European financial regulation --

Contents note continued: European TFAs as sources of market contouring and community building -- Association cooperation and the extensiveness of the assemblage -- A return to assemblages, functions and power -- Potential insights for beyond Europe -- 7.TFAs in the global South: Capacity building, regionalism and globalization -- TFAs in the global South -- Assemblages, functionality and power -- 8.Inclusion and differentiation: TFAs and the pursuit of social and cultural ends through finance -- Islamic banking and finance (IBF) -- Social investing -- Financial inclusion -- Microfinance -- Overlap between these sectors -- Assemblages, functions and power -- Conclusion -- 9.Assembling wealth and power: Understanding the impact of transnational financial associations -- Global finance as a complex set of overlapping assemblages -- The functionality and roles of TFAs -- The power of enrollment -- Implications for transnational governance more generally.

Subject Term:

Financial institutions, International -- Law and legislation.

Financial institutions.

International finance.

Financial institutions, International -- Government policy.

Added Author:

Porter, Anthony R. D.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025594280	332.042 M154T 2013	1	Searching... Unknown

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Summary

The role of business in global governance is now widely recognized, but exploration of its role in global financial governance has been more haphazard than systematic. This book provides the first comprehensive analysis of the role of transnational financial associations (TFAs) in the organization of global finance.

This book develops three theoretical themes of assemblage, functionality, and power as enrolment. These themes challenge approaches that treat financial power as emanating from a single location or force. Whilst existing approaches tend to treat TFAs as irrelevant or as merely transmitting power originating elsewhere, this book argues that power must be created by painstakingly assembling actors, networks, and objects that are often quite autonomous and working at cross purposes to one another--a process in which TFAs play a central role. The book explores these themes in chapters examining the roles of TFAs in interacting with public authorities, constructing global financial markets, and creating financial communities. The authors additionally analyse the roles of TFAs in the European Union, in the Global South, and in promoting goals other than profitability, including Islamic finance, microfinancing, savings banks and cooperatives.

Making a distinctive contribution to our understanding of global finance and global governance, Transnational Financial Associations and the Governance of Global Finance is an important book for students and scholars of international political economy, finance, global governance and international relations.