American Empire and the Political Economy of Global Finance [Paperback]

In a lively critique of how international and comparative political economy misjudge the relationship between global markets and states, this book demonstrates the central place of the American state in today's world of globalized finance. The contributors set aside traditional emphases on military intervention, looking instead to economics.Preface Introduction; L.Panitch? & M.Konings PART?I: CONTOURS AND SOURCES OF IMPERIAL FINANCE Finance and American Empire; L.Panitch? & S.Gindin American Finance and Empire in Historical Perspective; M.Konings PART II: CONSTRUCTING THE PILLARS OF IMPERIAL FINANCE US Structural Power and the Internationalization of the US Treasury; D.Sarai Neo-Liberalism and the Federal Reserve; E.Newstadt US Power and the International Bond Market: Financial Flows and the Construction of Risk Value; S.Aquanno Towards the Americanization of European Finance? The Case of Finance-Led Accumulation in Germany; T.Sablowski Accounting for Financial Capital. American Hegemony and the Conflict over International Accounting Standards; T.Sablowski From Bretton Woods to Neoliberal Reforms: The International Financial Institutions and American Power; R.Felder The Role of Financial Discipline in Imperial Strategy; C.Rude Conclusion; M.Konings? & L.Panitch

'Panitch and Konings do a marvellous job in bringing together a set of innovative and rigorous chapters that throw critical light on the obscure and complex nature of the American Empire and its role in shaping the landscape of contemporary capitalism. This book is essential reading in understanding how the world works.' - Susanne Soederberg, Canada Research Chair, Global Development Studies, Queen's University, Canada

'This work, written by some of the world's finest scholars on the topic, breaks new ground by demonstrating how finance is anchored in the social structure of the United States in profound and often unique ways. This takes the book far beyond routine assesslSY