Date, time	29 Jan, 13:15 - 15:00
Location	219
Teacher	Bryan Mabee
Slides	US1221 - Lecture - Understanding Financial Crisis - VT24.pdf
Reading	Mandatory Reading: Best, Jacqueline (2010), ‘The Limits of Financial Risk Management: Or What we Didn’t Learn from the Asian Crisis’, New Political Economy, 15(1): 29-49. Helleiner, Eric (2010), ‘A Bretton Woods Moment? The 2007-2008 Crisis and the Future of Global Finance’, International Affairs, 86(3): 619-36.

The lecture examines the global political economy of financial crisis, using the 2008 Global Financial Crisis as the central case. It puts the GFC in historical context, examining the background development of global finance in the ‘Bretton Woods’ system. A key question addressed concerns the possibilities for the governance of the financial system and how crises have been governed in the past.

Suggestions for additional reading

Drezner, Daniel W. (2014), ‘The System Worked: Global Economic Governance during the Great Recession’, World Politics66(1): 123-164.
Tooze, Adam (2018), ‘The Forgotten History of the Financial Crisis: What the World Should Have Learned in 2008’, Foreign Affairs 97(5): 199-210.
Best, Jacqueline (2016), ’When Crises Are Failures: Contested Metrics in International Finance and Development’, International Political Sociology, 10(1): 39-55.
Gowan, Peter (2009), ‘Crisis in the Heartland: Consequences of the New Wall Street System’, New Left Review 55 (Jan-Feb): 5-29.