Handbook of Safeguarding Global Financial Stability

1st Edition

Political, Social, Cultural, and Economic Theories and Models

Editor-in-Chiefs: Gerard Caprio
Hardcover ISBN: 9780123978752
eBook ISBN: 9780123978783
Imprint: Academic Press
Published Date: 27th November 2012
Page Count: 754
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Table of Contents

Volume 2

Section Editors for this volume



I: Political Economy of Financial Globalization

Chapter 1. China and Financial Globalization


A Brief History of China’s Financial Opening

China’s Current Account and Saving Behavior in Cross-Country Context

Explanations for China’s High Saving


See also



Further Reading

Chapter 2. Emerging Markets Politics and Financial Institutions


Analytical Framework

Testing the Abiad–Mody Results on a Wider Sample

Differing Influences, Across Types of Countries and Types of Reform




Chapter 3. The Political Economy of Exchange-Rate Policy


Economic Explanations of Exchange-Rate Policy: Important but Insufficient

Preferences: The Demand for Exchange-Rate Policy

Institutions and Exchange-Rate Policy


See also


Further Reading

Chapter 4. Financial Institutions, International and Politics


Intellectual Background

International Financial Institutions: How Much Autonomy?

International Financial Institutions: Effects


See also


Further Reading

Relevant Websites

Chapter 5. Political Economy of Foreign Aid, Bilateral

Political Economy of Aid Disbursement

Political Economy of Aid Receipt

Making Good



Chapter 6. Interest Group Politics

Political Economy Models of Economic Integration

Interest Groups

Distributional Implications of Financial Globalization

The Political Economy of Financial Globalization in Authoritarian Regimes</


Political and social forces exert pressure on our globalized economy in many forms, from formal and informal policies to financial theories and technical models. Our efforts to shape and direct these forces to preserve financial stability reveal much about the ways we perceive the financial economy.  The Handbook of Safeguarding Global Financial Stability examines our political economy, particularly the ways in which these forces inhabit our institutions, strategies, and tactics. As economies expand and contract, these forces also determine the ways we supervise and regulate. This high-level examination of the global political economy includes articles about specific countries, crises, and international systems as well as broad articles about major concepts and trends..

Key Features

  • Substantial articles by top scholars sets this volume apart from other information sources
  • Diverse international perspectives result in new opportunities for analysis and research
  • Rapidly developing subjects will interest readers well into the future


Undergraduates and graduate students worldwide working in all areas of finance and economics. Researchers will typically be examining the global aspects and implications of their particular interests.


No. of pages:
© Academic Press 2012
Academic Press
eBook ISBN:
Hardcover ISBN:


"The Handbook of Safeguarding Global Financial Stability provides an essential resource for an integrated perspective on financial stability, incorporating advanced analysis that surpasses immediate reactions to the Global Financial Crisis. The views of key policymakers and accomplished scholars are brought together to illuminate financial stability from the perspective of the political economy, economic models, and regulatory functions."

--Heidi Mandanis Schooner, The Catholic University of America


"This book combines  high academic expertise and practitioners' insights into the Global Financial Crisis.  It is the kind of the book welcomed by academicians, practitioners, and policy makers who want to understand not only the complexity of this Crisis but financial crises in general."

--Roman Matousek, London Metropolitan Business School

About the Editor-in-Chiefs

Gerard Caprio Editor-in-Chief

Gerard Caprio is William Brough Professor of Economics and Chair, Center for Development Economics at Williams College. He has served as the Head of Financial Sector Policy at The World Bank and Vice President and Head of Global Economics at J.P. Morgan.

Affiliations and Expertise

Williams College, Williamstown, MA