May 2022 onwards | Past Year | Past 30 Days | |
---|---|---|---|
Abstract Views | 1139 | 386 | 30 |
Full Text Views | 333 | 7 | 0 |
PDF Downloads | 388 | 8 | 0 |
EPUB Downloads | 0 | 0 | 0 |
Scholarship in International Political Economy (IPE) has traditionally explored the systematic nature of global economies and, due to its founding moment in the 1970s, placed a particular emphasis on global capital movements. Famously, Susan Strange, one of the founders of the discipline, examined the new troubles around currency and monetary systems and called for a deliberate linking of the political and the economic, as well as the domestic and the international. Even though this call could not be timelier in the 21st century, already ridden with crises – contemporary mainstream IPE scholarship has shied away from examining complex relations of the domestic and the global, focusing instead on rational interests of voters, sectors and factors of production. The state, while relevant as an entity that aggregates these interests, is not included as an independent agent. This commentary argues that there is already important scholarship which places ‘the state’ at the centre of a complex global economy. But we need to delve deeper. In order to understand what ‘states do’, we also need to understand what ‘what state actors do’ and assess them as fundamentally purposive and independent agents. To make sense of the nexus of the economic and the political, the global and the domestic, we need to understand the interests, relationships and conflicts of individual state actors in the global political economy.
Blyth, M. (2013) Austerity: The History of a Dangerous Idea, Oxford; New York: OUP USA.
Braun, B. (2018) Central banking and the infrastructural power of finance: the case of ECB support for repo and securitization markets, Socio-Economic Review, 18(2): 395–418. doi: 10.1093/ser/mwy008
Broz, J.L. (2002) Political system transparency and monetary commitment regimes, International Organization, 56(4): 861–87, www.jstor.org/stable/3078651. doi: 10.1162/002081802760403801
Capie, F. (2010) The Bank of England: 1950s to 1979, Studies in Macroeconomic History, Cambridge: Cambridge University Press, doi: 10.1017/CBO9780511761478.
Cohen, B. (2017) The IPE of money revisited, Review of International Political Economy, 24(4): 657–80. doi: 10.1080/09692290.2016.1259119
Cohen, D.E. (1977) Organizing the World’s Money, New York: Basic Books.
Copley, J. (2021) Governing Financialization: The Tangled Politics of Financial Liberalization in Britain, 1st edn, Oxford: OUP Oxford.
Fernández-Albertos, J. (2015) The politics of central bank independence, Annual Review of Political Science, 18(1): 217–37, doi: 10.1146/annurev-polisci-071112-221121.
Goodman, J.B. (1992) Monetary Sovereignty: Politics of Central Banking in Western Europe, Ithaca, NY: Cornell University Press.
Goodman, J.B. and Pauly, L.W. (1993) The obsolescence of capital controls?: Economic management in an age of global markets, World Politics, 46(1): 50–82. doi: 10.2307/2950666
Helleiner, E. (1994) States and the Reemergence of Global Finance, Ithaca, NY: Cornell University Press.
Johnson, P.A. (1998) The Government of Money: Monetarism in Germany and the United States, Ithaca, NY: Cornell University Press.
Keohane, R.O. (1984) After Hegemony: Cooperation and Discord in the World Political Economy, Princeton, NJ: Princeton University Press, www.jstor.org/stable/j.ctt7sq9s.
Kindleberger, C.P. (1986) The World in Depression, 1929–1939, Berkeley and Los Angeles: University of California Press.
Krasner, S.D. (1977) US commercial and monetary policy: unravelling the paradox of external strength and internal weakness, International Organization, 31(4): 635–71, www.jstor.org/stable/2706317. doi: 10.1017/S0020818300018646
Krippner, G.R. (2011) Capitalizing on Crisis, Cambridge, MA; London, England: Harvard University Press.
Lake, D.A. (2009) Open economy politics: a critical review, The Review of International Organizations, 4(3): 219–44, doi: 10.1007/s11558-009-9060-y.
Needham, D. (2014) UK Monetary Policy from Devaluation to Thatcher, 1967–82, London: Palgrave Macmillan, www.palgrave.com/gp/book/9781137369536.
Palan, R. (2002) Tax havens and the commercialization of state sovereignty, International Organization, 56(1): 151–76, doi: 10.1162/002081802753485160.
Rademacher, I. (2021) One state, one interest? How a historic shock to the balance of power of the Bundesbank and the German government laid the path for fiscal austerity, Review of International Political Economy, 1-23, doi: 10.1080/09692290.2021.1953109.
Scharpf, F.W. (1991) Crisis and Choice in European Social Democracy, Ithaca, NY: Cornell University Press.
Schenk, Dr. C. (1994) Britain and the Sterling Area: From Devaluation to Convertibility in the 1950s, London: Routledge, doi: 10.4324/9780203982402.
Seabrooke, L. (2006) The Social Sources of Financial Power: Domestic Legitimacy and International Financial Orders, Ithaca, NY: Cornell University Press.
Strange, S. (1971) The politics of international currencies, World Politics, 23(2): 215–31, doi: 10.2307/2009676.
Strange, S. (1988) States and Markets, London: Pinter Publishers.
Wass, D. (2008) Decline to Fall: The Making of British Macro-Economic Policy and the 1976 IMF Crisis, Oxford: Oxford University Press, doi: 10.1093/acprof:oso/9780199534746.001.0001.
Young, B. (2014) German ordoliberalism as agenda setter for the Euro crisis: myth trumps reality, Journal of Contemporary European Studies, 22(3): 276–87, doi: 10.1080/14782804.2014.937408.
Zoeller, C.J.P. (2019) Closing the gold window: the end of Bretton Woods as a contingency plan, Politics & Society, 47(1): 3–22, doi: 10.1177/0032329218823648.
May 2022 onwards | Past Year | Past 30 Days | |
---|---|---|---|
Abstract Views | 1139 | 386 | 30 |
Full Text Views | 333 | 7 | 0 |
PDF Downloads | 388 | 8 | 0 |
Institutional librarians can find more information about free trials here