POLITICS, INSTITUTIONS, CONSTRUCTIVISM and the EMERGING INTERNATIONAL REGIME for FINANCIAL REGULATION

This article examines the growing number of interconnected international groupings that have been built to regulate global finance over the past quarter century. It suggests that the rationalistic approaches focusing on egoistic actors that have dominated scholarly study of this issue area have contributed to the understimation of the strenght of the regime for regulating global finance. It examines, as an alternative, constructivist approaches that stress the importance of institution.