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NPE article by Matt Kranke & David Yarrow
"The Global Governance of Systemic Risk" published in New Political Economy
Matt Kranke and David Yarrow's article examines the global governance of systemic risk after the financial crisis. Analysing the Financial Stability Board (FSB) and the International Monetary Fund (IMF), they argue that attempts to render risk measurable sideline the political ambitions of macroprudential theory, especially the need for public control of financial practices. In the end, systemic risk may merely appear easier to control while genuine containment would require a critical rethinking of financialisation processes.
The article was published under a Creative Commons Attribution License and is thus freely available via the following link: https://www.tandfonline.com/doi/full/10.1080/13563467.2018.1545754.