Governing Risk ─ The IMF and Global Financial Crises

With the effects of the latest financial crisis still unfolding, this engaging book provides a timely analysis of the politics of international financial reform. By comparing the policies the international community requested the IMF to follow in the aftermath of the Mexican, Asian and subprime crises, the book traces the evolution of the international regulatory framework from an agent-centered constructivist perspective.

Moschella's extensive research leads her to draw important connections between changing ideas, fluctuating economic conditions and the outcomes of the Fund's policies. The book also investigates the inner-workings of the Fund, revealing how IMF staff exert their influence over member states. This is a must-read for everyone interested in global financial regulation and policy change in a rapidly changing international context.

Manuela Moschella is a postdocotoral fellow at the University of Trento, Italy. Previously, she was a visiting fellow at Johns Hopkins University, USA, and Copenhagen Business School, Denmark, where she carried out her work on the IMF and the reforms to the international financial architecture. She has also worked on the process of international financial standardization and on cross-country responses to the subprime crisis. She has also published on these topics in a range of journals, including the Review of International Political Economy and Comparative European Politics.