The limits of transparency : ambiguity and the history of international finance
"A decade of crises has reminded us of the fragility of the international financial system. Conventional wisdom holds that uncertainty is the basic problem of financial governance, and attempts to contain ambiguity have dominated recent financial reform efforts. Jacqueline Best, however, contends that ambiguity can play a valuable role in international political and economic stability. The stability of the postwar era depended, Best suggests, on a carefully maintained balance between coherence and ambiguity. In her view, the collapse of the Bretton Woods exchange-rate regime was caused in large part by the increasing rigidity of the system and its corresponding inability to accommodate ambiguity."--Jacket
History
xi, 219 pages ; 25 cm.
9780801443190, 0801443199
56753331
1. Governing Ambiguity
2. Clarifying Ambiguity
3. Ambiguous Agreements: Negotiating the Bretton Woods Regime
4. Trial and Error: The Early Bretton Woods Years, 19441958
5. Hollowing Out Keynesianism: Crisis and Collapse in the Bretton Woods Regime
6. The Politics of Transparency: Ambiguity and the Liberalization of International Finance
7. Ambiguity and the Future of Financial Governance