Fragile Boundaries. The Power of Global Finance and the Weakness of Political Institutions

The debate about the current financial crisis focuses mainly on how to regulate financial markets by means of appropriate policies in order to avoid further and future crises and instabilities. This article explores a preliminary question, namely whether global finance can be really governed. Given that a pronounced imbalance exists between the power resources of national and international political institutions and those of global finance, the answer to this question is substantially negative. There are structural factors that make, on the one side, global finance ungovernable and, on the other, national government policies dependent on markets\u2019 approval. Hence, a paradigm change is required, namely a shift from regulative to limitative policies. These are public policies aimed at redistributing power resources from global finance to national governments and international institutions

La rappresentanza degli interessi a livello territoriale : il caso delle associazioni imprenditoriali italiane in prospettiva comparata

Defence date: 28 June 1988Examining board: Prof. Philippe C. Schmitter (Stanford University-European University Institute) (supervisor) ; Prof. Bernd Marin (European University Institute) ; Prof. Alberto Martinelli (Università degli Studi di Milano-Università Bocconi) ; Prof. Wolfgang Streeck (Wissenschaftszentrum Berloin) ; Prof. Giuliano Urbani (Università Bocconi)PDF of thesis uploaded from the Library digitised archive of EUI PhD theses completed between 2013 and 201