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Global Financial Networked Governance
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Author:
Type: PAPERBACK
ISBN: 9781032268071
Date: 30th December, 2022
Publisher: ROUTLEDGE
Categories
- Finance
- Politics
- Jurisprudence
Description
Provides a systematic assessment of FSB operations, from standard setting to implementation review in order to identify the power wielded by government networks in global financial governance. Develops a novel theory of legislative reluctance as a limit to the power of government networks, showing its strong inferential leverage in comparison with a variety of competing explanations drawn from economics, political science, and law. Engages in the debate on the role of government networks in global governance with a well-founded but controversial argument that questions the role of national parliaments in managing global economic affairs in the public interest. Suggests a novel institutional solution to the effectiveness-legitimacy dilemma that global governance forums face, combining the advantages of functional specialization and electoral accountability.