ASTK15633U  COURSE: The politics of global finance

Volume 2015/2016
Education

Elective in the Specialisation "International Relations, Diplomacy and Conflict Studies"

Bachelor level 10 ECTS

Master level 7.5 ECTS

 

Content

Since the onset of the financial crisis in 2008, global finance was pushed to the fore of the political agenda. The course surveys the transformations underpinning the rise of global finance. Moreover, it explores the different elements characterising financial markets and the politics behind it.

1- Introduction

2- The Gold Standard

3- The Bretton Woods system

4- Deregulation and capital control

5- Financialization and the rise of global finance

6- The role of credit agencies

7- Central Banks

8- The role of economic ideas

9- Banking Practices

10- Crisis 1: The East-Asian Financial crisis

11- Crisis 2: The 2008 Financial crisis

12- Post-Crises Regulation issues 1

13- Finance and ethic

14- Conclusion

 

Example of readings

 

Abdelal, Rawi. ‘Writing the Rules of Global Finance: France, Europe, and Capital Liberalization’. Review of International Political Economy 13, no. 1 (2006): 1–27.

Bagehot, Walter. Lombard Street, a Description of the Money Market. London: Smith, 1873.

Cohen, Benjamin J. ‘Review: Phoenix Risen: The Resurrection of Global Finance’. World Politics 48, no. 2 (1 January 1996): 268–96.

De Goede, Marieke. A Genealogy of Finance: Virtue, Fortune and Faith. Minneapolis: University of Minnesota Press, 2005.

Goodman, John B., and Louis W. Pauly. ‘The Obsolescence of Capital Controls?: Economic Management in an Age of Global Markets’. World Politics 46, no. 1 (1 October 1993): 50–82.

Hall, Rodney Bruce. ‘The Discursive Demolition of the Asian Development Model’. International Studies Quarterly 47, no. 1 (1 March 2003): 71–99.

Helleiner, Eric. States and the Reemergence of Global Finance: From Bretton Woods to the 1990s. Cornell University Press, 1994.

Ruggie, John Gerard. ‘International Regimes, Transactions, and Change: Embedded Liberalism in the Postwar Economic Order’. International Organization 36, no. 2 (1 April 1982): 379–415.

Sinclair, Timothy. ‘Reinventing Authority: Embedded Knowledge Networks and the New Global Finance’. Environment and Planning D: Society and Space 18 (2000): 487–502.

Underhill, Geoffrey R. D. The New World Order in International Finance. Palgrave Macmillan, 1997.

Wood, Duncan Robert. Governing Global Banking: The Basel Committee and the Politics of Financial Globalisation. Aldershot: Ashgate, 2005.

 

A list of the complete reading lis twill be ready by the beginning of the seminar

 

Credit
7,5 ECTS
Type of assessment
Written assignment
Written assignment
Marking scale
7-point grading scale
Censorship form
External censorship
Criteria for exam assesment
  • Grade 12 is given for an outstanding performance: the student lives up to the course's goal description in an independent and convincing manner with no or few and minor shortcomings
  • Grade 7 is given for a good performance: the student is confidently able to live up to the goal description, albeit with several shortcomings
  • Grade 02 is given for an adequate performance: the minimum acceptable performance in which the student is only able to live up to the goal description in an insecure and incomplete manner
  • Category
  • Hours
  • Class Instruction
  • 28
  • Total
  • 28