| ID | 145509 |
| Title Proper | Anglo-American development, the Euromarkets, and the deeper origins of neoliberal deregulation |
| Language | ENG |
| Author | Green, Jeremy |
| Summary / Abstract (Note) | This article challenges existing accounts of the development of the Euromarkets by arguing that their emergence constituted the foundational moment in the advent of a postwar Anglo-American developmental field. The account contends the notion of a postwar order shaped predominantly by the outward expansion of American financial power, by deprivileging the exclusivity of American power and arguing that co-constitutive Anglo-American developmental processes were the generative force that produced the Euromarkets. Drawing upon new archival material, the article suggests that an Anglo-American developmental sphere, in which Britain continued to play a crucial but subordinate role, was key to the unfolding of postwar financial globalisation. The Anglo-American developmental processes occasioned by the Euromarkets gave rise to a ‘transatlantic regulatory feedback loop’ that stimulated deregulation on both sides of the Atlantic and placed Anglo-American capitalist interdependence at the centre of the politics of globalisation. The deeper origins of financial deregulation lie in the transformation of Anglo-American finance during the 1960s. |
| `In' analytical Note | Review of International Studies Vol. 42, No.3; Jul 2016: p.425-449 |
| Journal Source | Review of International Studies Vol: 42 No 3 |
| Key Words | Anglo-American Development ; Euromarkets ; Neoliberal Deregulation |