Global Financial Networked Governance: The Power of the Financial Stability Board and its Limits

The book "The Power of Government Networks in Global Financial Governance" offers a comprehensive assessment of FSB operations, develops a novel theory of legislative reluctance, and engages in the debate on the role of government networks in global governance. It suggests a novel institutional solution to the effectiveness-legitimacy dilemma.

Format: Paperback / softback
Length: 214 pages
Publication date: 30 December 2022
Publisher: Taylor & Francis Ltd

The Financial Stability Board (FSB) plays a crucial role in assessing the operations of global financial governance, encompassing the process of setting standards to implementation review. This comprehensive evaluation aims to identify the power wielded by government networks in the global financial system. By developing a novel theory of legislative reluctance, the study explores the inherent limit to the power of government networks, highlighting its significant inferential leverage compared to other competing explanations from economics, political science, and law.

The debate on the role of government networks in global governance is an ongoing and contentious one. The study presents a well-founded but controversial argument that questions the role of national parliaments in effectively managing global economic affairs in the public interest. It suggests that a novel institutional solution is needed to address the effectiveness-legitimacy dilemma faced by global governance forums. The proposed solution combines the advantages of functional specialization and electoral accountability, aiming to enhance the efficiency and accountability of global financial governance.

In conclusion, the study provides a systematic assessment of FSB operations, delves into the power dynamics of government networks, and offers a novel institutional solution to address the challenges of global governance. Its insights contribute to our understanding of the complex dynamics of global financial governance and the role of government networks in shaping the global economic landscape.

Weight: 352g
Dimension: 233 x 155 x 15 (mm)
ISBN-13: 9781032268071