ABSTRACT
In this last chapter, I set out a new approach to the regulation of international fi nance. In this endeavour, it is of paramount importance that the twin dangers of governing too much and governing too little are avoided. This, I believe, is a key lesson to be drawn from reviewing the IFA in light of the Foucauldean literature on liberal and neoliberal governmental rationalities. The IFA in a sense governs both too much and too little: too much because it involves a regime of global homogenization and disciplining, and too little because it is ineffective (if not counter-productive) in terms of enhancing the stability and resilience of the international fi nancial system.
