Central Banking as Global Governance: Constructing Financial Credibility (Cambridge Studies in International Relations)
Cambridge University Press, 12/4/2008
EAN 9780521898614, ISBN10: 0521898617
Hardcover, 278 pages, 23.5 x 15.8 x 1.6 cm
Language: English
Money is a social convention, but with what social consequences? In this innovative study, Rodney Bruce Hall argues that those who govern the parameters of money's creation, its destruction, and its valuation are responsible for the governance of international finance. The volume is an analysis of central banking as global governance, employing the institutional philosophy of John Searle as a theoretical basis for exploring the consequences of money as a social institution, and the social relations of credit and debt. While previous studies in this field have made forays into the political economy of monetary institutions, this book breaks new ground by offering a constructivist social analysis that identifies the mechanisms of governance as social rather than material processes. The volume will therefore be of great interest to a wide range of scholars and students, particularly those with an interest in international relations, international finance and international political economy.
1. Central banking as governance
2. The social character of money
3. Instituting facts and constituting rules
4. Constitutive power relations
5. Rules and international monetary systems
6. Central bank independence as credibility
7. Transparency and intersubjectivity in central banking.