{"product_id":"ruling-capital-kevin-p-gallagher-9780801453113","title":"Ruling Capital: Emerging Markets and the Reregulation of Cross-Border Finance","description":"\u003cp\u003eIn \u003ci\u003eRuling Capital\u003c\/i\u003e, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level. Gallagher also shows that some EMDs, particularly the BRICS coalition, were able to maintain or expand their sovereignty to regulate cross-border finance under global economic governance institutions. Gallagher combines econometric analysis with in-depth interviews with officials and interest groups in select emerging markets and policymakers at the International Monetary Fund, the World Trade Organization, and the G-20 to explain key characteristics of the global economy. Gallagher develops a theory of countervailing monetary power that shows how emerging markets can counter domestic and international opposition to the regulation of cross-border finance. Although many countries were able to exert countervailing monetary power in the wake of the crisis, such power was not sufficient to stem the magnitude of unstable financial flows that continue to plague the world economy. Drawing on this theory, Gallagher outlines the significant opportunities and obstacles to regulating cross-border finance in the twenty-first century.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Kevin P. Gallagher\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0801453119\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780801453113\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cornell University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/04\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 248\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.40w x 0.80d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChronicle of Higher Education\u003c\/i\u003e 02\/06\/2015 pg. 19\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 09\/01\/2015","brand":"Kevin P. Gallagher","offers":[{"title":"Hardcover","offer_id":44128543965439,"sku":"9780801453113","price":31.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_72dc7343-3114-4bed-9060-fbc7cfb70a00.jpg?v=1687459195","url":"https:\/\/www.whiterainbookhouse.com\/products\/ruling-capital-kevin-p-gallagher-9780801453113","provider":"WR Book House","version":"1.0","type":"link"}