TY - BOOK ID - 78140689 TI - States and the reemergence of global finance : from Bretton Woods to the 1990s PY - 1994 SN - 1501701975 1501701983 9781501701986 0801428599 0801483336 9780801483332 9780801428593 PB - Ithaca, NY : Cornell University Press, DB - UniCat KW - International finance. KW - Monetary policy. KW - State, The. KW - Administration KW - Commonwealth, The KW - Sovereignty KW - Political science KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - International monetary system KW - International money KW - Finance KW - International economic relations KW - International finance KW - Monetary policy KW - State, The KW - bretton woods KW - etat KW - histoire economique KW - marche international financier KW - politique monetaire KW - 321.2 KW - 333.432.8 KW - 333.600 KW - 333.605 KW - 336.61 KW - AA / International- internationaal KW - staat KW - economische geschiedenis KW - internationale financiele markt KW - monetair beleid KW - Economisch beleid van de overheid KW - Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten KW - Financiële markten. Kapitaalmarkten (algemeenheden) KW - Nieuwe financiële instrumenten KW - Financieel beleid KW - Histoire économique KW - --Finance KW - --1944-1990 KW - --International finance KW - --International finance. UR - https://www.unicat.be/uniCat?func=search&query=sysid:78140689 AB - Most accounts explain the postwar globalization of financial markets as a product of unstoppable technological and market forces. Drawing on extensive historical research, Eric Helleiner provides the first comprehensive political history of the phenomenon, one that details and explains the central role played by states in permitting and encouraging financial globalization.Helleiner begins by highlighting the commitment of advanced industrial states to a restrictive international financial order at the 1944 Bretton Woods conference and during the early postwar years. He then explains the growing political support for the globalization of financial markets after the late 1950s by analyzing five sets of episodes: the creation of the Euromarket in the 1960s, the rejection in the early 1970s of proposals to reregulate global financial markets, four aborted initiatives in the late 1970s and early 1980s to implement effective controls on financial movements, the extensive liberalization of capital controls in the 1980s, and the containment of international financial crises at three critical junctures in the 1970s and 1980s.He shows that these developments resulted from various factors, including the unique hegemonic interests of the United States and Britain in finance, a competitive deregulation dynamic, ideological shifts, and the construction of a crisis-prevention regime among leading central bankers. In his conclusion Helleiner addresses the question of why states have increasingly embraced an open, liberal international financial order in an era of considerable trade protectionism. ER -