Skip navigation
  • Home
  • Browse
    • Communities
      & Collections
    • Browse Items by:
    • Publication Date
    • Author
    • Title
    • Subject
    • Department
  • Sign on to:
    • My MacSphere
    • Receive email
      updates
    • Edit Profile


McMaster University Home Page
  1. MacSphere
  2. Departments and Schools
  3. Faculty of Social Sciences
  4. Institute on Globalization and the Human Condition
  5. Globalization Publications
Please use this identifier to cite or link to this item: http://hdl.handle.net/11375/28139
Title: Private Governance and Democracy in International Finance
Authors: Coleman, William D.
Department: Globalization
Publication Date: 1999
Publisher: McMaster University Institute on Globalization and the Human Condition
Series/Report no.: Working Paper Series;99/1
Abstract: The governance arrangements in international finance mirror, in part, those found domestically by featuring a partnership between relatively autonomous state agencies and private actors. Where they depart from domestic arrangements is in the relatively stronger position of private actors, particularly global financial conglomerates, in decision-making. Given the importance of the governance arrangements in international finance for the welfare of individuals and firms throughout the world, it is important to ask whether these arrangements conform to accepted criteria for democratic decision-making. Five criteria are identified that might be applied to international sites of governance. These criteria are then applied to three groups of institutions, the Bank for International Settlements (BIS), the International Organisation of Securities Commissions (IOSCO), and “private regimes” especially predominant in the derivatives subsector. Based on this analysis, important gaps are found when these governance institutions are held up to democratic principles.
URI: http://hdl.handle.net/11375/28139
Appears in Collections:Globalization Publications

Files in This Item:
File Description SizeFormat 
99-1 Private Governance and Democracy in International Finance.pdf
Open Access
80.44 kBAdobe PDFView/Open
Show full item record Statistics


Items in MacSphere are protected by copyright, with all rights reserved, unless otherwise indicated.

Sherman Centre for Digital Scholarship     McMaster University Libraries
©2022 McMaster University, 1280 Main Street West, Hamilton, Ontario L8S 4L8 | 905-525-9140 | Contact Us | Terms of Use & Privacy Policy | Feedback

Report Accessibility Issue