The Political Economy of International Capital Mobility

by Watson, Matthew

• ISBN13: 9780230001244
• ISBN10: 0230001246
• Format: Hardcover
• Copyright: 2007-08-15
• Publisher: Palgrave Macmillan

Summary

This book considers the distinction between the spatial and the functional mobility of capital, and uses this to enhance explanations of real-world financial events and to depoliticize the rentier interests, which lie at the heart of crisis moments.

Author Biography

MATTHEW WATSON is Associate Professor (Reader) in Political Economy at the University of Warwick.

Table of Contents

List of Figures	p. viii
List of Tables	p. ix
Acknowledgements	p. x
Introduction	p. 1
Controlling, Creating and Cashing-in on Risk: The Essence of International Financial Markets	p. 13
Spatial Versus Functional Mobility of Capital: A Framework for Analysis	p. 37
The Intellectual Conditions for Recent Increases in Capital Mobility	p. 63
The Historical Conditions for Recent Increases in Capital Mobility	p. 91
Capital Mobility, Exchange Rate Instability and Contagious Credit Crunches: The Causes and Spread of the Asian Financial Crisis	p. 117
Currency Market Transactions and the Desire for Progressive Regulation; Capital Mobility and Tobin Tax Avoidance	p. 143
Stock Price Psychosis and the Pathology of a Corporate Meltdown: The Collapse of Enron	p. 166
Capital Mobility in an Age of Shareholder Value: The Battle for Control of the London Stock Exchange	p. 189
Conclusion	p. 212
References	p. 221
Index	p. 244
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