International financial governance under stress : global structures versus national imperatives The Asian and Argentinian financial crises have focused attention on the most appropriate shape and role for international and national financial institutions. This volume offers a wide ranging overview of the problems and possible policy responses. Although the approach is multi disciplinary most of the contributors write from a political economy perspective Introduction : global market integration financial crises and policy imperatives Geoffrey R.D. Underhill and Xiaoke Zhang Reform of the international financial architecture : what has been written Jonathan Story Costs and benefits of financial globalisation : concepts evidence and implications John Williamson Capital controls : the neglected option Benjamin J. Cohen Global structures and political imperatives : in search of normative underpinnings for international financial order Geoffrey R.D. Underhill and Xiaoke Zhang Crisis consequences : lessons from Thailand Pasuk Phongpaichit and Chris Baker The politics of financial reform : recapitalising Indonesias banks Richard Robison South Korea and the Asian crisis : the impact of the democratic deficit and OECD accession Stephen L. Harris Currency crises in Russia and other transition economies Vladimir Popov Capital account convertibility and the national interest : has India got it right Vijay Joshi Learning to live without the Plan : financial reform in China Shaun Breslin The Asian financial crisis and Japanese policy reactions Masayuki Tadokoro Private capture policy failures and financial crisis : evidence and lessons from South Korea and Thailand Xiaoke Zhang and Geoffrey R.D. Underhill Governance markets and power : the political economy of accounting reform in Indonesia Andrew Rosser The private sector international standards and the architecture of global finance George Vojta and Marc Uzan The legitimacy of international organisations and the future of global governance Jean Marc Coicaud and Luiz A. Pereira Da Silva The G 7 and architecture debates : norms authority and global financial governance Andrew Baker Bail outs bail ins and bankruptcy : evolution of the new architecture Manmohan S. Kumar and Marcus Miller Conclusion : towards the good governance of the international financial system Geoffrey R.D. Underhill and Xiaoke Zhang