{"title":"Michigan Studies In International Political Economy","description":"\u003cp\u003eExplore the crucial intersection of politics and economics with the Michigan Studies in International Political Economy series. Ideal for academics and engaged readers, these volumes offer deep dives into global issues.\u003c\/p\u003e","products":[{"product_id":"borrowing-credibility-book-jana-grittersova-9780472130467","title":"Borrowing Credibility","description":"Nations with credible monetary regimes borrow at lower interest rates in international markets and are less likely to suffer speculative attacks and currency crises. While scholars typically attribute credibility to domestic institutions or international agreements, Jana Grittersov  argues that when reputable multinational banks headquartered in Western Europe or North America open branches and subsidiaries within a nation, they enhance that nation's monetary credibility. \u003cp\u003e\u003c\/p\u003e These banks enhance credibility by promoting financial transparency in the local system, improving the quality of banking regulation and supervision, and by serving as private lenders of last resort. Reputable multinational banks provide an enforcement mechanism for publicized economic policies, signaling to international financial markets that the host government is committed to low inflation and stable currency. \u003cp\u003e\u003c\/p\u003e Grittersov  examines actual changes in government behavior of nations trying to gain legitimacy in international financial markets, and the ways in which perceptions of these nations change in relation to multinational banks. In addition to quantitative analysis of over 80 emerging-market countries, she offers extensive case studies of credibility building in the transition countries of Eastern Europe, Argentina in 2001, and the global financial crisis of 2008. Grittersov  illuminates the complex interactions between multinational banks and national policymaking that characterize the process of financial globalization to reveal the importance of market confidence in a world of mobile capital. \u003cp\u003e\u003c\/p\u003e","brand":"WoB","offers":[{"title":"GB \/ NEW \/ GARDNERS","offer_id":49728548143377,"sku":"NGR9780472130467","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0472130463.jpg?v=1751198279"},{"product_id":"strengthening-international-courts-book-leslie-johns-9780472052608","title":"Strengthening International Courts","description":"As all manner of commerce becomes increasingly global, states must establish laws to protect property rights, human rights, and national security. In many cases, states delegate authority to resolve disputes regarding these laws to an independent court, whose power depends upon its ability to enforce its rulings. \u003cp\u003e\u003c\/p\u003e Examining detailed case studies of the International Court of Justice and the transition from the General Agreement on Tariffs and Trade to the World Trade Organization, Leslie Johns finds that a court's design has nuanced and mixed effects on international cooperation. A strong court is ideal when laws are precise and the court is nested within a political structure like the European Union. Strong courts encourage litigation but make states more likely to comply with agreements when compliance is easy and withdraw from agreements when it is difficult. A weak court is optimal when law is imprecise and states can easily exit agreements with minimal political or economic repercussions. Johns concludes the book with recommendations for promoting cooperation by creating more precise international laws and increasing both delegation and obligation to international courts.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50352902635793,"sku":"CIN0472052608G","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50352908861713,"sku":"CIN0472052608VG","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0472052608.jpg?v=1751008015"}],"url":"https:\/\/www.worldofbooks.com\/collections\/michigan-studies-in-international-political-economy-book-series.oembed","provider":"World of Books ","version":"1.0","type":"link"}