Governance Challenges and Innovations

Financial and Fiscal Governance

Edited by Helmut K. Anheier

Hertie Governance Report

Proposes a new framework for collecting, interpreting, and applying governance-related information
Considers the state of governance in this period of profound uncertainty and put forwards a concrete set of proposals for the way ahead

Governance Challenges and Innovations

Financial and Fiscal Governance

Edited by Helmut K. Anheier

Description

Few would doubt that the conditions of governance have changed-and continue to change-as the early 21st century seems to enter a period of profound uncertainty. Yet, at the same time, the world seems alive with a cacophony of approaches-old and new-on how to improve governance and, ultimately, policy outcomes. This collection-the first in a series of annual editions-seeks to address the implications of the current state of the world in terms of "good governance", i.e. the effective, efficient, and reliable set of legitimate institutions and actors dedicated to dealing with matters of public concern, be it in the field of financial markets (the focus of this edition), health care, security, or migration, and across local, national and international levels. Researchers at The Hertie School of Governance (Berlin, Germany) and other experts examine the current state of governance challenges and innovations from a variety of inter-disciplinary perspectives. This edition features a special set of chapters on the challenges of financial and fiscal governance, the tradeoffs faced by governance actors, and the new arrangements that have emerged or are required to not only address the ongoing crisis but also ensure greater stability into the future. This special section is complemented by chapters introducing basic concepts and models; exploring other global challenges and the reasons behind seemingly lackluster responses to them and highlighting the need for responsible sovereignty; conceptualizing governance innovation and introducing key examples; and assessing existing indicators of governance, while proposing a new framework for collecting, interpreting and applying governance-related information.

Governance Challenges and Innovations

Financial and Fiscal Governance

Edited by Helmut K. Anheier

Hertie Governance Report

Preface
Acknowledgements
List of Figures and Tables
List of Acronyms
About the Contributors
Part I Introduction to the Edited Volume
1:Governance: Issues and Frameworks, Helmut K. Anheier and Regina A. List
Part II Financial and Fiscal Governance
2:Financial and Fiscal Governance: An Introduction, Mark Hallerberg
3:Picking Up (And Rearranging) the Pieces: The Politics of Global Financial Governance in the Wake of the Great Recession, Mark S. Copelovitch
4:Is European Union Governance Ready to Deal with the Next Financial Crisis?, Lucia Quaglia
5:The Fiscal Policy Implications of Balance of Payments Imbalances, Stefanie Walter
6:The Political Sources of Crisis Situations, William Roberts Clark and Vincent Arel-Bundock
Part III Governance Innovations
7:The Contribution of Innovation Research to Understanding Governance Innovation: A Review, Helmut K. Anheier and Mark T. Fliegauf
8:Financial Governance Through the Lens of Innovation, Helmut K. Anheier and Mark T. Fliegauf
Part IV Governance Indicators
9:Governance Indicators: Some Proposals, Piero Stanig and Mark Kayser
10:Public-Private Sector Relationships, Capture and Governance Quality, Klaus Brösamle
11:Governance beyond the Nation-state: Estimating Governance Indexes at the Subnational and Transnational Level, Piero Stanig
Index

Governance Challenges and Innovations

Financial and Fiscal Governance

Edited by Helmut K. Anheier

Hertie Governance Report

Author Information

Edited by Helmut K. Anheier, President, Dean & Professor of Sociology

Helmut K. Anheier is President and Dean at the Hertie School of Governance, and holds a chair of sociology at Heidelberg University. He received his PhD from Yale University in 1986, was a senior researcher at John Hopkins School of Public Policy, Professor of Public Policy and Social Welfare at UCLA's Luskin School of Public Affairs, and Centennial Professor at the London School of Economics. Professor Anheier founded and directed the Centre for Civil Society at LSE, the Center for Civil Society at UCLA, and the Center for Social Investment at Heidelberg. Before embarking on an academic career, he served as social affairs officer to the United Nations. He is author of over 400 publications, and won various international prizes and recognitions for his scholarship.

Contributors:

Regina A. List, Hertie School of Governance Helmut K. Anheier, Hertie School of Governance
Mark Hallerberg, Hertie School of Governance
Lucia Quaglia, University of Sussex and EUI
Mark S. Copelovitch, University of Wisconsin at Madison
Stephanie Walter, University of Heidelberg
William Roberts Clark, University of Michigan
Vincent Arel-Bundock, University of Michigan
Mark Fliegauf, University of Cambridge
Mark Kayser, Hertie School of Governance
Piero Stanig, Hertie School of Governance
Klaus Brösamle, Hertie School of Governance