LEADER 04572oam 2200589I 450 001 9910557424503321 005 20190503073439.0 010 $a0-262-34405-X 010 $a0-262-34404-1 035 $a(CKB)3840000000330198 035 $a(MiAaPQ)EBC5216604 035 $a(OCoLC)1018944446 035 $a(OCoLC-P)1018944446 035 $a(MaCbMITP)11073 035 $a(oapen)https://directory.doabooks.org/handle/20.500.12854/78548 035 $a(PPN)224753193 035 $a(oapen)doab78548 035 $a(EXLCZ)993840000000330198 100 $a20180111h20172017 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aWhen things don't fall apart $eglobal financial governance and developmental financial in an age of productive incoherence /$fIlene Grabel ; foreword by Dani Rodrik 210 $aCambridge$cThe MIT Press$d2017 210 1$aCambridge, MA :$cMIT Press,$d[2017] 210 4$dİ 2017 215 $a1 online resource (378 pages) $cillustrations 225 1 $aThe MIT Press 311 08$a0-262-03725-4 320 $aIncludes bibliographical references and index. 327 $aCrises, change, and productive incoherence -- Introduction: contesting continuity -- Productive incoherence : a hirschmanian perspective -- Setting the stage -- The east asian financial crisis and neoliberalism : the beginning of the end of a unified regime -- The global crisis and innovations in financial governance and developmental finance -- Planting seeds, bearing fruit? : the group of 20 and the financial stability board -- Imf stewardship of global finance -- The changing institutional landscape of financial governance and developmental finance in emerging market and developing economies -- Financial crisis, financial control -- Where from here? -- Conclusion: opportunities, challenges, and risks -- Notes -- Bibliography -- Index. 330 $aAn account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the "rebranding" of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway. 606 $aDevelopment economics 606 $aInternational finance 606 $aFinancial crises 606 $aFinancial institutions 606 $aCorporate governance 615 0$aDevelopment economics. 615 0$aInternational finance. 615 0$aFinancial crises. 615 0$aFinancial institutions. 615 0$aCorporate governance. 676 $a332/.042 700 $aGrabel$b Ilene$g(Ilene J.),$f1963-$0126364 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910557424503321 996 $aWhen things don't fall apart$92822386 997 $aUNINA