Strengthening the Foundations? Alternative Institutions for Finance and Development
Bibliographic Data
| ID | 3884530 |
|---|---|
| Authors | William N Kring (0000-0002-6574-4524), Kevin P Gallagher (0000-0002-1528-2683) |
| Year | 2019 |
| Volume | 50 |
| Issue | 1 |
| Pages | 3-23 |
| Publication date | 2019-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Development and Change (JOURNAL) |
| Journal identifiers | ISSN: 0012-155X • E-ISSN: 1467-7660 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/dech.12464 |
| OpenAlex | W2908628480 |
| Language | EN |
| Citations received | 22 |
| References cited | 54 |
The 21st century has ushered in the emergence of alternative institutions for liquidity provision and development finance, many of which are Southern-led. The special issue that follows this Introduction assesses the extent to which existing theoretical perspectives and tools are sufficient for evaluating the implications of these alternatives for the global financial architecture. Our analysis finds that while an increasingly varied landscape of diverse institutions designed to foster financial stability and development comes with inherent risks, these new forms of finance bring real benefits to an architecture that has long been deemed insufficient. Larger and more capable Southern-led institutions not only mean additional sources of financing for emerging market and developing countries, but also could increase their voice in an international financial architecture long dominated by the most advanced economies. That said, the variation in the landscape could create inequities and fault lines between new and existing institutions, which will be difficult to overcome through the coordination of a fragmented and diverse system. Finally, despite the increases in capital for liquidity provision and development made available by these new institutions, significantly more financing and coordination will be needed to achieve financial stability and economic development on a global scale
Business · Capital (architecture) · Capital market · Developing country · Economic growth · Economics · Financial market · Geography of finance · Market liquidity · Scale (ratio) · Architecture · Banking stability, regulation, efficiency · Finance · International Development and Aid · State Capitalism and Financial Governance
The Spectre of State Capitalism
Chinese Overseas Development Financing of Electric Power Generation
The Enlarged Global Financial Safety Net
Safety First
Global–Regional Realignments in Trade, Finance and Development
The politics of climate finance
Institutional adaptability
International regime complexity in sovereign crisis finance
The state as a patient capitalist
Whatever it takes? The global financial safety net, Covid-19, and developing countries
Any alternative to the Wall Street Consensus? Comparing the infrastructure financing models of the US, the EU, and China
State Capitalism and the New Global D/development Regime
Gray zones of green finance
The dynamics of informal institutions and counter-hegemony
Flexible embeddedness
Public Development Banks as Essential Infrastructure
Mandate Matters
Locating new ‘state capitalism’ in advanced economies
The strange geographies of the 'new' state capitalism
Beyond neoliberalism? Bilateral central bank swaps and changing global financial governance
The pullback of Chinese overseas financing and its implications for a post-neoliberal global financial order
Markets Everywhere
The Political Economy of Globalization
The International Monetary Fund and LDC Debt
Hypocrisy Trap
The International Monetary Fund in the Global Economy
Owning Development
Professional Networks in Transnational Governance
Tangled Governance
Controlling Institutions
The IMF and Economic Development
The Status Quo Crisis
“The silent revolution
Not your grandfather's IMF
Independent Actor or Agent? An Empirical Analysis of the Impact of U.S. Interests on International Monetary Fund Conditions
IMF programs
Ruling Capital
IMF Surveillance in Crisis
Seeing like an International Organisation
Controlling Capital
Grey matter in shadow banking
What strategies are viable for developing countries today? The World Trade Organization and the shrinking of ‘development space’
IMF conditionality and development policy space, 1985–2014
Elasticity and Discipline in the Global Swap Network
IMF Lending in Times of Crisis
IMF and economic growth
The political economy of conditionality
The World in Depression
IMF conditionality
Post-Crisis Experiments in Development Finance Architectures
The High Politics of IMF Lending
Distinctions, affiliations, and professional knowledge in financial reform expert groups
Delegation to International Organizations
The Rational Design of International Institutions
The Scope of IMF Conditionality
Austerity versus Stimulus? Understanding Fiscal Policy Change at the International Monetary Fund Since the Great Recession
Professional Skills in International Financial Surveillance
Recalibrating Policy Orthodoxy
Did Recent Voice Reforms Improve Good Governance within the World Bank
The International Monetary Fund and its New Economics
The IMF, the World Bank, and the Global Economic Crisis
China
My Paradigm or Yours? Alternative Development, Post-Development, Reflexive Development
Rethinking the Emerging Post-Washington Consensus
Reinterpreting Bretton Woods
Global Rebalancing
The End of Peripheries? On the Enduring Relevance of Structuralism for Understanding Contemporary Global Development
When Supply and Demand Don't Intersect
Economic Globalization and Institutions of Global Governance
| Unique citing works | 22 |
|---|---|
| Citations per year | 3,14 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 22 |