The Group of Seven

We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the...

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Main Author: Baker, Andrew
Format: Online
Language:English
Published: Taylor & Francis 2025
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Online Access:ONIX_20250521T155841_9781134256389_36
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author Baker, Andrew
author_browse Baker, Andrew
author_facet Baker, Andrew
author_sort Baker, Andrew
collection Directory of Open Access Books
description We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the G7 play in global financial governance? How much authority do they possess and how is that authority exercised? 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. For researchers in the fields of IR/IPE generally, postgraduate students in the field of international organization and global governance, policy makers and financial journalists this is the most extensive analysis of the G7 and the political economy of global financial governance to date.
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spelling doab-20.500.12854ir-1600362025-05-22T05:01:27Z The Group of Seven Baker, Andrew finance ministers global financial governance central bank process ministry exchange G7 Finance Ministries Global Financial Governance G7 Process Transgovernmental Coalition G7 Consensus Tr Od Federal Reserve Capital Account Liberalization IMF Article G7 Interactions Global Financial Architecture G7 Meetings Central Bank Independence G7 Deputies Decentralized Globalization Basle Committee Concert Equality Model St Em FOMC IMF’s Involvement thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions We are now in the era of the G8, although the G7 still exists as a grouping for Finance Ministers. Why do G7 finance ministries and central banks co-operate? What are the implications of this co-operation for US power and the abilities of the other six states to exercise leadership? What role do the G7 play in global financial governance? How much authority do they possess and how is that authority exercised? 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. For researchers in the fields of IR/IPE generally, postgraduate students in the field of international organization and global governance, policy makers and financial journalists this is the most extensive analysis of the G7 and the political economy of global financial governance to date. 2025-05-22T05:01:26Z 2025-05-22T05:01:26Z 2025-05-21T14:55:27Z 2006 book ONIX_20250521T155841_9781134256389_36 https://library.oapen.org/handle/20.500.12657/102250 9781134256389 9780415498968 9780415354929 9781134256334 9780203001493 9781134256372 https://directory.doabooks.org/handle/20.500.12854/160036 eng Routledge Studies in Globalisation open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/102250/1/9781134256389.pdf Taylor & Francis Routledge 10.4324/9780203001493 10.4324/9780203001493 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 9781134256389 9780415498968 9780415354929 9781134256334 9780203001493 9781134256372 Routledge 312 Oxford open access
spellingShingle finance
ministers
global
financial
governance
central
bank
process
ministry
exchange
G7 Finance Ministries
Global Financial Governance
G7 Process
Transgovernmental Coalition
G7 Consensus
Tr Od
Federal Reserve
Capital Account Liberalization
IMF Article
G7 Interactions
Global Financial Architecture
G7 Meetings
Central Bank Independence
G7 Deputies
Decentralized Globalization
Basle Committee
Concert Equality Model
St Em
FOMC
IMF’s Involvement
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions
Baker, Andrew
The Group of Seven
title The Group of Seven
title_full The Group of Seven
title_fullStr The Group of Seven
title_full_unstemmed The Group of Seven
title_short The Group of Seven
title_sort group of seven
topic finance
ministers
global
financial
governance
central
bank
process
ministry
exchange
G7 Finance Ministries
Global Financial Governance
G7 Process
Transgovernmental Coalition
G7 Consensus
Tr Od
Federal Reserve
Capital Account Liberalization
IMF Article
G7 Interactions
Global Financial Architecture
G7 Meetings
Central Bank Independence
G7 Deputies
Decentralized Globalization
Basle Committee
Concert Equality Model
St Em
FOMC
IMF’s Involvement
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions
topic_facet finance
ministers
global
financial
governance
central
bank
process
ministry
exchange
G7 Finance Ministries
Global Financial Governance
G7 Process
Transgovernmental Coalition
G7 Consensus
Tr Od
Federal Reserve
Capital Account Liberalization
IMF Article
G7 Interactions
Global Financial Architecture
G7 Meetings
Central Bank Independence
G7 Deputies
Decentralized Globalization
Basle Committee
Concert Equality Model
St Em
FOMC
IMF’s Involvement
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPS International relations::JPSN International institutions
url ONIX_20250521T155841_9781134256389_36
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