Early in the new millennium it appeared that a long period of
financial crisis had come to an end, but the world now faces
renewed and greater turmoil. This 2010 volume analyses the past
three decades of global financial integration and governance and
the recent collapse into crisis, offering a coherent and
policy-relevant overview. State-of-the-art research from an
interdisciplinary group of scholars illuminates the economic,
political and social issues at the heart of devising an effective
and legitimate financial system for the future. The chapters offer
debate around a series of core themes which probe the ties between
public and private actors and their consequences for outcomes for
both developed markets and developing countries alike. The
contributors argue that developing effective, legitimate financial
governance requires enhancing public versus private authority
through broader stakeholder representation, ensuring more
acceptable policy outcomes.
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