Andrew Walter
Biographic Data
| ID | 3745189 |
|---|---|
| NAME | Andrew Walter |
| GIVEN NAMES | Andrew |
| FAMILY NAME | Walter |
| SIGNATURE | WALTER A |
| AFFILIATIONS | The University of Melbourne |
| ORCID | 0000-0003-1538-7896 |
| VERIFIED | Yes |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 91 |
| AUTHOR COUNT | 20 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1992 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 6 |
Distributional preferences in a global pandemic: Voter attitudes toward Covid-19 economic policy interventions
The COVID-19 pandemic triggered a deep economic crisis that prompted governments and central banks to implement extraordinary fiscal, monetary, and financial interventions. We examine public support for these interventions using a conjoint survey experiment conducted in Australia and the United Kingdom in early 2021. Our experiment innovates by investigating public preferences across two main categories of intervention: (1) wage subsidies designe…
Australia in World Affairs 2011–2015: Navigating the New International Disorder
The Australia in World Affairs series commenced in 1950 and provides a continuous, researched scholarly account of Australia's foreign policy. The twelfth volume, Australia in World Affairs 2011–2015: Navigating the New International Disorder, covered a turbulent period both domestically and internationally. Australia had four Prime Ministers in this period alone, there were growing challenges in the Middle East and Europe, as well as on Australi…
Financialization, wealth and the changing political aftermaths of banking crises
Households face two politically salient risks associated with financial instability. The first risk, which has existed for perhaps centuries, is associated with the indirect effect of systemic banking crises on employment and income flows. The second risk arises from the direct effects of crises on asset prices and thus household wealth stocks. Historically, the second risk mainly affected only a narrow wealthy elite. We argue that the rapid expa…
Neoliberalism and banking crisis bailouts: Distant enemies or warring neighbors
How should we understand proliferating government bailouts of financial firms in successive crises since the 1970s and the rise of neoliberal norms opposing such discretionary public assistance? We argue that the relationship between bailouts and neoliberalism is one of mutually reinforcing coexistence. First, a new “bailout coalition” including much of the middle class has emerged in many countries over the past century, pushing governments to d…
Great Expectations, Financialization, and Bank Bailouts in Democracies
Accelerating financialization and rising societal wealth have meant that democratic governments increasingly provide bailouts following banking crises. Using a new long-run data set, we show that despite frequent and virulent crises before World War II, bank bailouts to protect wealth were then exceptionally rare. In recent decades, by contrast, governments have increasingly opted for extensive bailouts—well before the major interventions of 2007…
The financialization of mass wealth, banking crises and politics over the long run
The co-evolution of democratic politics and mass, financialized wealth has destabilized highly integrated financial systems and the socio-political underpinnings of neoliberal policy norms at domestic and global levels. Over the long run, it has increased the political pressure on governments to undertake bailouts during major banking crises and, by raising voters’ attentiveness to wealth losses and distributional inequities, has sharply raised t…
Banking crises and politics: A Long-Run Perspective
Were the extensive policy responses of many governments to the financial crises of 2007–9 and the political events that have followed them exceptional? We show that over the course of nearly 150 years, severe banking crises have become more consequential for policy and politics in democracies than ever before. First, governments have become much more likely over time to opt for extensive bailouts and other policies aimed at wealth protection duri…
Open economy politics and international security dynamics: Explaining international cooperation in financial crises
Why do states cooperate during international financial crises? A prominent account of such phenomena is provided by the Open Economy Politics approach, which advocates a methodological reductionism that focuses on domestic interests and institutions as explanatory drivers of foreign economic policy. I argue that the appropriateness and utility of this approach diminishes in two important contexts: when levels of economic interdependence and inter…
Global norms and major state behaviour: The cases of China and the United States
When do major states conform to or diverge from global behavioural norms? We argue that existing theories find it difficult to explain important aspects of this variation in behaviour and we offer instead a framework consisting of three explanatory variables: degree of ‘fit’ between global norms and dominant domestic-level norms; actor perceptions of procedural and substantive legitimacy; and actor perceptions of consequences for the global power…
East Asian Capitalism: Diversity, Continuity, and Change
This book brings together conceptual and empirical analyses of the evolving patterns of East Asian capitalism against the backdrop of global market integration and periodic economic crises since the 1980s. More specifically, it seeks to provide an interdisciplinary account of variations, continuities, or changes in institutional structures that govern financial systems, industrial relations, and product markets and shape the evolution of national…
East Asian Capitalism: Diversity, Change, and Continuity
This volume analyses developments in East Asian capitalism since the 1980s, focussing on three main areas: business systems financial structures, and labour markets.
From developmental to regulatory state? Japan's new financial regulatory system
Recent financial reforms in Japan and elsewhere in Asia represent, for various authors, a fundamental shift in financial governance and in state–business relations in the region. The old ‘developmental’ state in East Asia has supposedly made way for a neoliberal ‘regulatory’ state, with its emphases on agency independence and the non-discretionary enforcement of rules. I show in this paper that this interpretation exaggerates the extent of the tr…
NGOs, Business, and International Investment: The Multilateral Agreement on Investment, Seattle, and Beyond
Until the 1990s, the General Agreement on Tariffs and Trade (GATT), predecessor of the World Trade Organization (WTO), facilitated international trade negotiations with relatively little attention from the international media. Of course, there were controversial aspects of previous rounds, such as agriculture in the Kennedy Round in the 1960s and subsidies in the Tokyo Round in the 1970s, but these were either confined to particular sectors or we…
Whatever happened to the Pacific Century
Typical of the opposing trends that have been a part of the decade 1989 to 1999, many of the states in the Asia-Pacific in these ten years have shifted from ‘miracle’ status to crisis. From being the political and economic model for other countries in both the developing and the developed world, they now signal how best to avoid the less savoury pitfalls of rapid development. The miracle status, deriving from two decades or more of impressive gro…
Do they really rule the world
Adam Smith and the Liberal Tradition in International Relations
The name of Adam Smith is most commonly associated with the notion of a natural ‘harmony of interests’ between individuals in the market, whereby the ‘invisible hand’ of competition turns self-regarding behaviour into aggregate social benefits. Joseph Cropsey echoes this view in suggesting that ‘Smith is of interest for his share in the deflection of political philosophy towards economics and for his famous elaboration of the principles of free e…
Adam Smith and the liberal tradition in international relations
The name of Adam Smith is most commonly associated with the notion of a natural ‘harmony of interests’ between individuals in the market, whereby the ‘invisible hand’ of competition turns self-regarding behaviour into aggregate social benefits. Joseph Cropsey echoes this view in suggesting that ‘Smith is of interest for his share i n the deflection of political philosophy toward economics and for his famous elaboration of the principles of free e…
Globalization, corporate identity and European technology policy 1
The globalization of competition in key high technology sectors has confronted European policy‐makers with a dilemma. While the promotion of high technology sectors has become a major priority of European policy in recent years, the growing physical presence of subsidiaries of foreign multinational companies (MNCs) in the European Union (EU) has complicated the issue of what the promotion of 'European high technology industry' means. In practice,…
Finance and world politics: Markets, regimes and states in the post-hegemonic era
Journal Article Finance and world politics: markets, regimes and states in the post-hegemonic era Get access Finance and world politics: markets, regimes and states in the post-hegemonic era. Edited by Philip G. Cerny. Aldershot, Hants: Edward Elgar. 1993. 234pp. Index. ISBN 1 85278 883 6. Andrew Walter Andrew Walter 1St Antony's College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume…
The new international political economy
Journal Article The new international political economy Get access The new international political economy. Edited by Craig N. Murphy and Roger Tooze. Boulder, CO: Lynne Rienner. 1991. 236pp. Index. £35.00; ISBN 0 333 558567 x. Pb.: £10.99; ISBN 0 333 55858 8. Andrew Walter Andrew Walter 1St Antony’s College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 68, Issue 4, October 1992, Pa…
World Power and World Money
Finance and world politics: Markets, regimes and states in the post-hegemonic era
Journal Article Finance and world politics: markets, regimes and states in the post-hegemonic era Get access Finance and world politics: markets, regimes and states in the post-hegemonic era. Edited by Philip G. Cerny. Aldershot, Hants: Edward Elgar. 1993. 234pp. Index. ISBN 1 85278 883 6. Andrew Walter Andrew Walter 1St Antony's College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume…
From developmental to regulatory state? Japan's new financial regulatory system
Recent financial reforms in Japan and elsewhere in Asia represent, for various authors, a fundamental shift in financial governance and in state–business relations in the region. The old ‘developmental’ state in East Asia has supposedly made way for a neoliberal ‘regulatory’ state, with its emphases on agency independence and the non-discretionary enforcement of rules. I show in this paper that this interpretation exaggerates the extent of the tr…
NGOs, Business, and International Investment: The Multilateral Agreement on Investment, Seattle, and Beyond
Until the 1990s, the General Agreement on Tariffs and Trade (GATT), predecessor of the World Trade Organization (WTO), facilitated international trade negotiations with relatively little attention from the international media. Of course, there were controversial aspects of previous rounds, such as agriculture in the Kennedy Round in the 1960s and subsidies in the Tokyo Round in the 1970s, but these were either confined to particular sectors or we…
Great Expectations, Financialization, and Bank Bailouts in Democracies
Accelerating financialization and rising societal wealth have meant that democratic governments increasingly provide bailouts following banking crises. Using a new long-run data set, we show that despite frequent and virulent crises before World War II, bank bailouts to protect wealth were then exceptionally rare. In recent decades, by contrast, governments have increasingly opted for extensive bailouts—well before the major interventions of 2007…
Banking crises and politics: A Long-Run Perspective
Were the extensive policy responses of many governments to the financial crises of 2007–9 and the political events that have followed them exceptional? We show that over the course of nearly 150 years, severe banking crises have become more consequential for policy and politics in democracies than ever before. First, governments have become much more likely over time to opt for extensive bailouts and other policies aimed at wealth protection duri…
Do they really rule the world
The new international political economy
Journal Article The new international political economy Get access The new international political economy. Edited by Craig N. Murphy and Roger Tooze. Boulder, CO: Lynne Rienner. 1991. 236pp. Index. £35.00; ISBN 0 333 558567 x. Pb.: £10.99; ISBN 0 333 55858 8. Andrew Walter Andrew Walter 1St Antony’s College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 68, Issue 4, October 1992, Pa…
World Power and World Money
Global norms and major state behaviour: The cases of China and the United States
When do major states conform to or diverge from global behavioural norms? We argue that existing theories find it difficult to explain important aspects of this variation in behaviour and we offer instead a framework consisting of three explanatory variables: degree of ‘fit’ between global norms and dominant domestic-level norms; actor perceptions of procedural and substantive legitimacy; and actor perceptions of consequences for the global power…
Globalization, corporate identity and European technology policy 1
The globalization of competition in key high technology sectors has confronted European policy‐makers with a dilemma. While the promotion of high technology sectors has become a major priority of European policy in recent years, the growing physical presence of subsidiaries of foreign multinational companies (MNCs) in the European Union (EU) has complicated the issue of what the promotion of 'European high technology industry' means. In practice,…
The financialization of mass wealth, banking crises and politics over the long run
The co-evolution of democratic politics and mass, financialized wealth has destabilized highly integrated financial systems and the socio-political underpinnings of neoliberal policy norms at domestic and global levels. Over the long run, it has increased the political pressure on governments to undertake bailouts during major banking crises and, by raising voters’ attentiveness to wealth losses and distributional inequities, has sharply raised t…
Adam Smith and the liberal tradition in international relations
The name of Adam Smith is most commonly associated with the notion of a natural ‘harmony of interests’ between individuals in the market, whereby the ‘invisible hand’ of competition turns self-regarding behaviour into aggregate social benefits. Joseph Cropsey echoes this view in suggesting that ‘Smith is of interest for his share i n the deflection of political philosophy toward economics and for his famous elaboration of the principles of free e…
Whatever happened to the Pacific Century
Typical of the opposing trends that have been a part of the decade 1989 to 1999, many of the states in the Asia-Pacific in these ten years have shifted from ‘miracle’ status to crisis. From being the political and economic model for other countries in both the developing and the developed world, they now signal how best to avoid the less savoury pitfalls of rapid development. The miracle status, deriving from two decades or more of impressive gro…
Open economy politics and international security dynamics: Explaining international cooperation in financial crises
Why do states cooperate during international financial crises? A prominent account of such phenomena is provided by the Open Economy Politics approach, which advocates a methodological reductionism that focuses on domestic interests and institutions as explanatory drivers of foreign economic policy. I argue that the appropriateness and utility of this approach diminishes in two important contexts: when levels of economic interdependence and inter…
The new international political economy
Journal Article The new international political economy Get access The new international political economy. Edited by Craig N. Murphy and Roger Tooze. Boulder, CO: Lynne Rienner. 1991. 236pp. Index. £35.00; ISBN 0 333 558567 x. Pb.: £10.99; ISBN 0 333 55858 8. Andrew Walter Andrew Walter 1St Antony’s College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 68, Issue 4, October 1992, Pa…
World Power and World Money
Finance and world politics: Markets, regimes and states in the post-hegemonic era
Journal Article Finance and world politics: markets, regimes and states in the post-hegemonic era Get access Finance and world politics: markets, regimes and states in the post-hegemonic era. Edited by Philip G. Cerny. Aldershot, Hants: Edward Elgar. 1993. 234pp. Index. ISBN 1 85278 883 6. Andrew Walter Andrew Walter 1St Antony's College, Oxford Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume…
Globalization, corporate identity and European technology policy 1
The globalization of competition in key high technology sectors has confronted European policy‐makers with a dilemma. While the promotion of high technology sectors has become a major priority of European policy in recent years, the growing physical presence of subsidiaries of foreign multinational companies (MNCs) in the European Union (EU) has complicated the issue of what the promotion of 'European high technology industry' means. In practice,…
Adam Smith and the Liberal Tradition in International Relations
The name of Adam Smith is most commonly associated with the notion of a natural ‘harmony of interests’ between individuals in the market, whereby the ‘invisible hand’ of competition turns self-regarding behaviour into aggregate social benefits. Joseph Cropsey echoes this view in suggesting that ‘Smith is of interest for his share in the deflection of political philosophy towards economics and for his famous elaboration of the principles of free e…
Adam Smith and the liberal tradition in international relations
The name of Adam Smith is most commonly associated with the notion of a natural ‘harmony of interests’ between individuals in the market, whereby the ‘invisible hand’ of competition turns self-regarding behaviour into aggregate social benefits. Joseph Cropsey echoes this view in suggesting that ‘Smith is of interest for his share i n the deflection of political philosophy toward economics and for his famous elaboration of the principles of free e…
Do they really rule the world
Whatever happened to the Pacific Century
Typical of the opposing trends that have been a part of the decade 1989 to 1999, many of the states in the Asia-Pacific in these ten years have shifted from ‘miracle’ status to crisis. From being the political and economic model for other countries in both the developing and the developed world, they now signal how best to avoid the less savoury pitfalls of rapid development. The miracle status, deriving from two decades or more of impressive gro…
NGOs, Business, and International Investment: The Multilateral Agreement on Investment, Seattle, and Beyond
Until the 1990s, the General Agreement on Tariffs and Trade (GATT), predecessor of the World Trade Organization (WTO), facilitated international trade negotiations with relatively little attention from the international media. Of course, there were controversial aspects of previous rounds, such as agriculture in the Kennedy Round in the 1960s and subsidies in the Tokyo Round in the 1970s, but these were either confined to particular sectors or we…
From developmental to regulatory state? Japan's new financial regulatory system
Recent financial reforms in Japan and elsewhere in Asia represent, for various authors, a fundamental shift in financial governance and in state–business relations in the region. The old ‘developmental’ state in East Asia has supposedly made way for a neoliberal ‘regulatory’ state, with its emphases on agency independence and the non-discretionary enforcement of rules. I show in this paper that this interpretation exaggerates the extent of the tr…
East Asian Capitalism: Diversity, Continuity, and Change
This book brings together conceptual and empirical analyses of the evolving patterns of East Asian capitalism against the backdrop of global market integration and periodic economic crises since the 1980s. More specifically, it seeks to provide an interdisciplinary account of variations, continuities, or changes in institutional structures that govern financial systems, industrial relations, and product markets and shape the evolution of national…
East Asian Capitalism: Diversity, Change, and Continuity
This volume analyses developments in East Asian capitalism since the 1980s, focussing on three main areas: business systems financial structures, and labour markets.
Global norms and major state behaviour: The cases of China and the United States
When do major states conform to or diverge from global behavioural norms? We argue that existing theories find it difficult to explain important aspects of this variation in behaviour and we offer instead a framework consisting of three explanatory variables: degree of ‘fit’ between global norms and dominant domestic-level norms; actor perceptions of procedural and substantive legitimacy; and actor perceptions of consequences for the global power…
Open economy politics and international security dynamics: Explaining international cooperation in financial crises
Why do states cooperate during international financial crises? A prominent account of such phenomena is provided by the Open Economy Politics approach, which advocates a methodological reductionism that focuses on domestic interests and institutions as explanatory drivers of foreign economic policy. I argue that the appropriateness and utility of this approach diminishes in two important contexts: when levels of economic interdependence and inter…
Banking crises and politics: A Long-Run Perspective
Were the extensive policy responses of many governments to the financial crises of 2007–9 and the political events that have followed them exceptional? We show that over the course of nearly 150 years, severe banking crises have become more consequential for policy and politics in democracies than ever before. First, governments have become much more likely over time to opt for extensive bailouts and other policies aimed at wealth protection duri…
The financialization of mass wealth, banking crises and politics over the long run
The co-evolution of democratic politics and mass, financialized wealth has destabilized highly integrated financial systems and the socio-political underpinnings of neoliberal policy norms at domestic and global levels. Over the long run, it has increased the political pressure on governments to undertake bailouts during major banking crises and, by raising voters’ attentiveness to wealth losses and distributional inequities, has sharply raised t…
Great Expectations, Financialization, and Bank Bailouts in Democracies
Accelerating financialization and rising societal wealth have meant that democratic governments increasingly provide bailouts following banking crises. Using a new long-run data set, we show that despite frequent and virulent crises before World War II, bank bailouts to protect wealth were then exceptionally rare. In recent decades, by contrast, governments have increasingly opted for extensive bailouts—well before the major interventions of 2007…
Neoliberalism and banking crisis bailouts: Distant enemies or warring neighbors
How should we understand proliferating government bailouts of financial firms in successive crises since the 1970s and the rise of neoliberal norms opposing such discretionary public assistance? We argue that the relationship between bailouts and neoliberalism is one of mutually reinforcing coexistence. First, a new “bailout coalition” including much of the middle class has emerged in many countries over the past century, pushing governments to d…
Financialization, wealth and the changing political aftermaths of banking crises
Households face two politically salient risks associated with financial instability. The first risk, which has existed for perhaps centuries, is associated with the indirect effect of systemic banking crises on employment and income flows. The second risk arises from the direct effects of crises on asset prices and thus household wealth stocks. Historically, the second risk mainly affected only a narrow wealthy elite. We argue that the rapid expa…
Australia in World Affairs 2011–2015: Navigating the New International Disorder
The Australia in World Affairs series commenced in 1950 and provides a continuous, researched scholarly account of Australia's foreign policy. The twelfth volume, Australia in World Affairs 2011–2015: Navigating the New International Disorder, covered a turbulent period both domestically and internationally. Australia had four Prime Ministers in this period alone, there were growing challenges in the Middle East and Europe, as well as on Australi…
Distributional preferences in a global pandemic: Voter attitudes toward Covid-19 economic policy interventions
The COVID-19 pandemic triggered a deep economic crisis that prompted governments and central banks to implement extraordinary fiscal, monetary, and financial interventions. We examine public support for these interventions using a conjoint survey experiment conducted in Australia and the United Kingdom in early 2021. Our experiment innovates by investigating public preferences across two main categories of intervention: (1) wage subsidies designe…
Economics (17 works) · Political science (17 works) · Politics (14 works) · Law (10 works) · Political economy (9 works) · Market economy (8 works) · Development economics (6 works) · Banking stability, regulation, efficiency (5 works) · Economic system (5 works) · International Development and Aid (5 works)