THE OXFORD HANDBOOK OF INSTITUTIONS OF INTERNATIONAL ECONOMIC GOVERNANCE AND MARKET REGULATION

Abstract

The handbook gathers a multidisciplinary author team to question how international systems of exchange work and evolve. It starts by exploring the micro-foundation of cross-border exchange and transnational contracts through analysis of how private ordering, networks of agents, and governments build and regulate (imperfect) markets. Then, the challenges of compliance with those regulations is discussed, highlighting how market discipline and judicial sanctions combine, and establish the "rule of law" at the international level. The next section studies governmental initiatives to organize markets and fix market failures in a world characterized by political fragmentation amongst governments and the increasing intervention of non-governmental actors. This leads to explore how new modes of law-making, forms of dispute settlement, and vectors of accountability combine to initiate emerging models of governance, which co-exist with traditional ones.