The Group of Seven : finance ministries, central banks and global financial governance / Andrew Baker.

"Economic & Social Research Council; Centre for the Study of Globalisation adn Regionalisation."

Includes bibliographical references (p. [273]-289) and index.

Introduction : The Group of Seven and global financial governance -- The evolution of the Group of Seven and the re-emergence of global finance : the historical context -- Situating the Group of Seven in a context of decentralized financial globalization : a four-dimensional framework -- The Group of Seven and the politics of financial ideas : the durability of the economic consensus of the 1990s -- The Group of Seven as a multi-spatial transgovernmental actor in world politics : four-dimensional diplomacy in practice -- The Group of Seven and macroeconomic governance : discourse, declaratory policy and market supremacy -- The Group of Seven and the global financial architecture : the institutional and ideational foundations of market supremacy -- Conclusions : Global financial governance and the Group of Seven as a senior transgovernmental coalition.

This is the first major monograph on the political economy of G7 finance ministry and central bank co-operation. It argues that to understand the contribution of the G7 to global financial governance it is necessary to locate the process in the context of a wider world financial order comprised of decentralized globalization. It also provides original case study material on the G7’s contribution to macroeconomic governance and to debates on the global financial architecture over the last decade. It assesses the G7’s role in producing a system of global financial governance based on market supremacy and technocratic transgovernmental consensus and articulates normative criticisms of the G7’s exclusivity.

aia 15/05/13

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