Ch.6 | role of hegemonic leadership & its micro foundations Flashcards
capital markets
Financial markets where enterprises and governments issue and trade financial obligations with maturities longer than a year
hegemonic stability theory (HST)
The situation in which a capable and willing hegemonic state unilaterally provides collective goods to overcome obstacles that hinder cooperation and cross-border market exchange
hegemony
qA leader who helps to manage seemingly incompatible policy preferences across governments, establishes the rules of the game, and assumes a disproportionate share of the costs of maintaining those rules
lender of last resort
A nation or bank that acts countercyclically to ensure an adequate supply of capital during economic crisis; a collective good
liberal hegemon
q
price stability
q
public debt
q
