Readings

Required Text

Frieden, Jeffry A. Global Capitalism: Its Fall and Rise in the Twentieth Century. New York, NY: W.W. Norton, 2007. ISBN: 9780393329810.

Readings by Session

SES # TOPICS READINGS
1 Course overview No assigned readings. Check out the Financial Times.
2 Foundations

Cohen, Benjamin J. "International Finance and International Relations Theory." In Handbook of International Relations. Edited by in Walter Carlsnaes, Thomas Risse, and Beth A. Simmons. Thousand Oaks, CA: Sage Publications, 2001. ISBN: 9780761963042

Frieden, Jeffry A., and Lisa Martin. "International Political Economy: Global and Domestic Interactions." In Political Science: The State of the Discipline. Edited by Ira Katznelson and Helen V. Milner. New York, NY: W.W. Norton, 2002. ISBN: 9780393051421.
3 Frieden, Jeffry A. Global Capitalism. Chapters 11, 12, and 16.
4 Obstfeld, Maurice. "The Global Capital Market: Benefactor or Menace?" National Bureau of Economic Research Working Paper 6559 (May 1998).
5 Globalization and domestic politics Frieden, Jeffry. "Invested Interests: The Politics of National Economic Policies in a World of Global Finance." International Organization 45, no. 4 (1991): 425-51.
6 Mosley, Layna. "Room to Move: International Financial Markets and National Welfare States." International Organization 54, no. 4 (Autumn 2000): 737-774.
7 Rodrik, Dani. "Trade and the Demand for Social Insurance." Chapter 4 in Has Globalization Gone Too Far? Washington, DC: Institute for International Economics, 1997, pp. 49-68. ISBN: 9780881322439.
8 Broz, J. Lawrence. "Origins of the Federal Reserve: International Incentives and the Domestic Free-Rider Problem." International Organization 53, no. 1 (1999): 39-70.
9 No assigned readings. In-class discussion.
10 The politics of foreign direct investment Jensen, Nathan. "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment." International Organization 57, no. 3 (2003): 587-616.
11 Frieden, Jeffry. "International Investment and Colonial Control: A New Interpretation." International Organization 48, no. 4 (Autumn 1994): 559-93.
12 Mankiw, N. Gregory, and Phillip Swagel. "The Politics and Economics of Outsourcing." National Bureau of Economic Research Working Paper 12398 (July 2006).
13 Scheve, Kenneth, and Matthew J. Slaughter. "Economic Insecurity and the Globalization of Production." American Journal of Political Science 48, no. 4 (October 2004).
14 Exchange rates and currency crises

Broz, J. Lawrence, and Jeffry Frieden. "The Political Economy of International Monetary Relations." Annual Review of Political Science 4 (2001): 317-343.

Neely, Christopher J. "An Introduction to Capital Controls." Federal Reserve Bank of St. Louis, Review 81, no. 6 (November/December 1999): 13-30.
15 Broz, J. Lawrence. "Political System Transparency and Monetary Commitment Regimes." International Organization 56, no. 4 (Autumn 2002): 863-889.
16

Chang, Roberto. "Understanding Recent Crises in Emerging Markets." Federal Reserve Bank of Atlanta, Economic Review 84, no. 2 (Second Quarter 1999): 6-16.

Krugman, Paul. "Currency Crises." Paper Prepared at the National Bureau of Economic Research Conference, October 1997.

———. "Paradigms of Panic: Asia Goes Back to the Future." Slate (March 12, 1998).

Frieden, Jeffry A. Global Capitalism. pp. 385-391.
17 International governance Simmons, Beth. "The International Politics of Harmonization: The Case of Capital Market Regulation." International Organization 53, no. 3 (2001): 589-620.
18 Wyplosz, Charles. "International Financial Instability." In Global Public Goods: International Cooperation in the 21st Century. Edited by Inge Kaul, Isabelle Grunberg, and Marc Stern. New York, NY: United Nations Development Program, 1999, pp. 152-189. ISBN: 9780195130522.
19 Rogoff, Kenneth. "International Institutions for Reducing Global Financial Instability." National Bureau of Economic Research Working Paper 7265 (July 1999).
20 Finance and the developing world Haggard, Stephan, and Sylvia Maxfield. "The Political Economy of Financial Internationalization in the Developing World." International Organization 50, no. 1 (1996): 35-68.
21

International Monetary Fund. "What is the IMF?" September 2006.

Hausmann, Ricardo, and Eduardo Fernandez-Arias. "What's Wrong With International Financial Markets?" Inter-American Development Bank Working Paper 429. Presented at the Tenth International Forum on Latin American Perspectives, Paris, France, November 25-26, 1999. (This resource may not render correctly in a screen reader.PDF)
22 No assigned readings. In-class discussion.
23

Stiglitz, Joseph. "The Insider." The New Republic (April 17, 2000).

Rogoff, Kenneth. "The IMF strikes back." Foreign Policy (January/February 2003).

Calomiris, Charles. "The IMF's Imprudent Role as Lender of Last Resort." The Cato Journal 17, no. 3 (Winter 1998).
24 International financial crime

Financial Action Task Force. "Trade Based Money Laundering." June 2006. (This resource may not render correctly in a screen reader.PDF)

———. Report on Money Laundering Typologies. February 1997. (This resource may not render correctly in a screen reader.PDF)

Wechsler, William F. "Follow the Money." Foreign Affairs (July/August 2001).

Reuter, Peter, and Edwin Truman. Chasing Dirty Money: The Fight Against Money Laundering. Washington, DC: Peterson Institute, 2004, selected chapters. ISBN: 9780881323702.

Reread money laundering section from Simmons, Beth. "The International Politics of Harmonization: The Case of Capital Market Regulation." International Organization 53, no. 3 (2001): 589-620.
25 Conclusion Frieden, Jeffry A. Global Capitalism. Chapter 20.