Table of Contents

Handbook of the International Political Economy of Monetary Relations

Handbook of the International Political Economy of Monetary Relations

Handbooks of Research on International Political Economy series

Edited by Thomas Oatley and W. Kindred Winecoff

This extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, the self-interest of private firms, the political institutions within which governments make policy, and the ideas that influence beliefs about appropriate policy responses. Crucially they also assess how these factors have shaped the political economy of various facets of monetary and financial systems.

Chapter 16: The politics of global financial regulation

Kevin Young

Subjects: economics and finance, political economy, politics and public policy, international politics, political economy, public policy


This chapter provides an overview of the central aspects of the existing literature focusing on the politics of global financial regulation. While institutions such as the International Monetary Fund (IMF) are well known within the study of international political economy (IPE), less well known are the many transnational regulatory bodies which constitute the locus of most policymaking in financial regulation at the international level. This chapter emphasizes these transnational bodies and the politics of their operation as highlighted in the existing literature. In doing so, it delimits the discussion to the operation and general characteristics of this system and its associated political dynamics. The chapter does not engage in any analysis of the appropriateness of global financial regulation; rather it focuses on the processes and actors involved in global financial regulation, and the manifold ways in which this has been subject to empirical investigation. The chapter is divided into three main sections. The first section describes the content and context of global financial regulation, giving the reader a sense of how global financial regulation operates, emphasizing central institutions at the transnational level.

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