ABSTRACT
The phenomenon of globalization is challenging conventional approaches to the study and analysis of authority and governance in IPE. In particular, it has been suggested that there has been an ‘unbundling’ (Ruggie 1993c:171) of the exclusive relationship between authority, statehood and territoriality that has alerted scholars to a much broader set of authoritative actors and structures operating in the global economy. This necessitates new analytical frameworks which recognize that the state and other territorially defined actors are just one of the many structures of authority responsible for the governance of money and finance. This volume has suggested that multi-level governance, despite its many faults, goes some of the way towards surmounting the difficulties associated with conventional state-centred frameworks, further illuminating our understanding of monetary and financial governance. That said, many of the contributors to this volume have highlighted methodological, practical and analytical limitations associated with the existing literature and its applicability to financial and monetary issues and to IPE more generally. In this regard, this concluding chapter proposes some tentative answers to the questions posed at the outset:
• Is multi-level governance a suitable analytical lens through which to view contemporary structures of financial and monetary governance?
