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001 https://directory.doabooks.org/handle/20.500.12854/77935
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020 _amitpress/11073.001.0001
020 _a9780262344043
020 _a9780262037259
024 7 _a10.7551/mitpress/11073.001.0001
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041 0 _aEnglish
042 _adc
072 7 _aKFFL
_2bicssc
072 7 _aKCL
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072 7 _aJPSN2
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072 7 _aKCM
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100 1 _aGrabel, Ilene
_4auth
245 1 0 _aWhen Things Don't Fall Apart : Global Financial Governance and Developmental Finance in an Age of Productive Incoherence
260 _aCambridge
_bThe MIT Press
_c2017
300 _a1 electronic resource (400 p.)
506 0 _aOpen Access
_2star
_fUnrestricted online access
520 _aAn account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.
540 _aCreative Commons
_fby-nc-nd/4.0
_2cc
_4http://creativecommons.org/licenses/by-nc-nd/4.0
546 _aEnglish
650 7 _aCredit & credit institutions
_2bicssc
650 7 _aInternational economics
_2bicssc
650 7 _aEU & European institutions
_2bicssc
650 7 _aDevelopment economics & emerging economies
_2bicssc
653 _aemerging economies
653 _aglobal economy
653 _ainternational economics
653 _ainternational relations
653 _apolitical science
653 _afinancial governance
653 _apolicy
653 _amultipolarity
653 _areform
653 _adevelopment economics
653 _aIMF
653 _aInternational Monetary Fund
653 _aneoliberal
653 _aneoliberalism
856 4 0 _awww.oapen.org
_uhttp://mitpress.mit.edu/9780262037259
_70
_zDOAB: download the publication
856 4 0 _awww.oapen.org
_uhttps://directory.doabooks.org/handle/20.500.12854/77935
_70
_zDOAB: description of the publication
999 _c47186
_d47186