The Oxford Handbook of Institutions of International Economic Governance and Market Regulation

Until the 1980s, most national economies were characterized by a clear hierarchy of norms both within the legal order and between public and private ordering.Transnational exchange was then governed by inter-governmental agreements aimed at articulating these national economic systems and associated public and private norms.Since then, this governance regime has experienced massive changes.A great number of new norm-makers and intermediaries now shape the incentives and sanctions that govern economic behaviors, resulting in complexity, unpredictability, inconsistencies, and innovations. The Handbook addresses this complexity, through expert analysis and case studies from a multidisciplinary team of economists, sociologists, political scientists, international political economy specialists and historians.The volume is organized around the logic of questioning how international systems of exchange work.In the first section, the authors explore the micro foundation of cross border exchang