The International Organization of Credit: States and Global Finance in the World-Economy: 57 (Cambridge Studies in International Relations)

Book Details

• Author: Randall D. Germain

• Brand: Cambridge University Press

• Binding: Paperback

• Format: Import

• Number of Pages: 224

• Release Date: 13-10-1997

• ISBN: 9780521598514

• Languages: English

About the Book

In The International Organization of Credit, Randall D. Germain delves deep into the evolving landscape of global finance and the international credit system. As the world economy continues to change, understanding the intricate network of financial institutions that govern global monetary relations becomes increasingly essential.

Germain takes a critical historical approach to international political economy (IPE) to analyze the construction of international credit organizations built around key financial centers such as New York, London, and Tokyo. The book explores the rise of private global credit systems that have replaced the Bretton Woods framework and highlights the uneven distribution of financial power across these principal financial centers.

Throughout the book, Germain emphasizes the importance of financial practices and networks in the formation of monetary order. He carefully unpacks the complex relationships between public authorities, private financial institutions, and the fragmented power dynamics that arise between states. These elements have significant implications for how global financial power is exercised today.

The International Organization of Credit offers invaluable insights into the role of credit in shaping the modern world economy. For students and scholars of international political economy, finance, and global governance, this book provides a thorough examination of the forces that drive and structure the world’s financial systems.