Room to Groove?

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Room to Groove?

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dc.contributor.author Seabrooke, Leonard en_US
dc.date.accessioned 2009-02-04T10:26:49Z
dc.date.available 2009-02-04T10:26:49Z
dc.date.issued 2005-12-01T00:00:00Z en_US
dc.identifier.isbn 8791690137 en_US
dc.identifier.uri http://hdl.handle.net/10398/7322
dc.description.abstract The use of a ‘standard of civilization’, a preferred form of socio-political organization, in global capital markets presents both constraints and opportunities for creditors and borrowers. When imposed, civilizing standards may change how a borrower would prefer to conduct their affairs. Creditors, after all, do not have the time and money to check every little detail and want clear performance benchmarks in economic life. At the same time, borrowers may present themselves as conforming to a civilizing standard to access capital and give themselves a greater capacity to conduct their own affairs. As long as they stay within the parameters of legitimate financial practice to signal institutional isomorphism, the ‘groove’, creditors may well allow borrowers room for change in self-determined ways. This paper maps out the historical and conceptual terrain concerning civilizing ideas about the legitimacy of financial practices within global capital markets, and investigates relationships between Western ‘civilizers’ and Emerging Market Economies during the last two periods of financial globalization, the late-nineteenth/ early-twentieth centuries and the late-twentieth century. en_US
dc.format.extent 29 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2005-013 en_US
dc.title Room to Groove? en_US
dc.type wp en_US
dc.accessionstatus modt05dec01 miel en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department International Center for Business and Politics en_US
dc.contributor.departmentshort DBP en_US
dc.contributor.departmentuk International Center for Business and Politics en_US
dc.contributor.departmentukshort DBP en_US
dc.description.notes Submitted to Global Standards of Market Civilization Collection edited by Brett Bowden and Leonard Seabrooke (Routledge/RIPE Series in Global Political Economy, 2006) en_US
dc.idnumber 8791690137 en_US
dc.publisher.city København en_US
dc.publisher.year 2005 en_US
dc.title.subtitle Standards of Civilization in the Development of International Financial Orders en_US


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