Protecting capital from itself
U.S. attempts to regulate the Eurocurrency system
Dados Bibliográficos
| ID | 7820150 |
|---|---|
| Autores | James P Hawley (University of California, Davis, autor correspondente) |
| Ano | 1984 |
| Volume | 38 |
| Fascículo | 1 |
| Páginas | 131-165 |
| Data de publicação | 1984-01-01 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | International Organization (JOURNAL) |
| Identificadores do periódico | ISSN: 0020-8183 • E-ISSN: 1531-5088 |
| Editora | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s002081830000429x |
| OpenAlex | W1966967621 |
| Idioma | EN |
| Citações recebidas | 7 |
| Referências citadas | 35 |
In 1979 and 1980 the U.S. government attempted to regulate the Eurocurrency system in order to stabilize the international monetary and financial systems, and for U.S. domestic monetary purposes. The conflict between the U.S. government (especially the Treasury Department and the Federal Reserve Board) and U.S.-based transnational banks (TNBs) illustrates TNBs' contradictory interests, which are neither self-evident nor easily discernible, even to TNBs themselves. The state comes to play a mediating role vis-a-vis TNBs in an only partially successful attempt to transform contradictory interests into coherent policy, resulting in conflict between the state and TNBs. The origins of U.S. regulatory initiatives are rooted in multilateral attempts to supervise banks between 1974 and 1978, and the failure of such coordination during the 1978 dollar crisis. From the conflict between U.S. officials and U.S. TNBs emerge varying concepts of TNBs' interests. After examining the reasons for the failure of the U.S. proposals, I conclude by suggesting some implications of TNBs' contradictory interests for statist and social conflict theories of the advanced capitalist state. Few theories of the state have adequately taken into account the complexity and contradictory interests of transnational capital
Business · Capital (architecture · Economics · Financial system · Government (linguistics · Law and economics · Liberian dollar · Order (exchange · Political economy · Political science · State (computer science · Treasury · Banking stability, regulation, efficiency · Economic Theory and Policy · Finance · Global Financial Crisis and Policies · Law
The capitalist state
U.S. International Monetary Policy
The Great Transformation
Defending the National Interest
World Capitalism in the Eighties
Rules versus Authorities in Monetary Policy
Money and Monetary Policy in Interdependent Nations
The Continuing World Economic Crisis
The Euromarkets and International Financial Policies
State, Power, Socialism
Origins of the Modern World System
American Business, Public Policy, Case-Studies, and Political Theory
Money and Power
I. The Concept of Interest in Political Theory
The Concept of Interests
Interstate System and Capitalist World-Economy
États, nations, firmes multinationales et capitalisme mondial
The International Role and Fate of the Dollar
Socialist States in the Capitalist World-Economy
The Concept of Interest in Politics
| Obras citantes distintas | 7 |
|---|---|
| Citações por ano | 0,17 |
| Intervalo de citações | 1985 - 2007 (23) |
| Velocidade de citação | historical |
| Altamente citado | Não |
| Tipos de citação | Neutras: 7 |