Master of Public Policy   Master of International Affairs  

The political economy of global financial regulation

This course examines the governance of the global economy by the financial industry. It is structured around several fundamental questions. What role does finance play in international institutions and what is the nature and extent of their authority? How do the shifting forces of globalisation (and anti-globalisation) affect the power that finance wields for shaping international and domestic regulations and public policies? Finally, how powerful is finance in global politics? Importantly, these questions are approached using broader debates about business and (international) politics as well as corporate political power. In seeking answers to these questions, this module covers both theoretical and empirical perspectives on how, when, and why finance manages to influence international institutions, global standards and regulations, as well as international negotiation processes. This course has a strong focus on several key sub-themes: Financial industry lobbying within the broader context of the politics of interest representation; the nature of financial industry power including debates about regulatory capture, revolving doors and cultural capture; the corporate-finance nexus in an era of financialisation; the global corporate elite; as well as global financial industry regulation.

This course is for 2nd year MIA and MPP students only.