Randall W. Stone's Books

Controlling Institutions

International Organizations and the Global Economy

By: Randall W. Stone

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Controlling Institutions

International Organizations and the Global Economy

By: Randall W. Stone

How is the United States able to control the IMF with only 17 per cent of the votes? How are the rules of the global economy made? This book shows how a combination of formal and informal rules explains how international organizations really work. Randall W. Stone argues that formal rules apply in ordinary times, while informal power allows leading states to exert control when the stakes are high. International organizations are therefore best understood as equilibrium outcomes that balance the power and interests of the leading state and the member countries. Presenting a new model of institutional design and comparing the IMF, WTO, and EU, Stone argues that institutional variations reflect the distribution of power and interests. He shows that US interests influence the size, terms, and enforcement of IMF programs, and new data, archival documents, and interviews reveal the shortcomings of IMF programs in Mexico, Russia, Korea, Indonesia, and Argentina.

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Page Count

273

Publisher

Cambridge University Press

Published Date

ISBN 10

1139495666

ISBN 13

9781139495660

Satellites and Commissars

Strategy and Conflict in the Politics of Soviet-Bloc Trade

By: Randall W. Stone

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Satellites and Commissars

Strategy and Conflict in the Politics of Soviet-Bloc Trade

By: Randall W. Stone

Why did the Soviet Union squander the political leverage afforded by its trade subsidy to Eastern Europe? Why did Soviet officials fail to bargain with resolve, to link subsidies to salient political issues, to make credible commitments, and to monitor the satellites' policies? Using an unprecedented array of formerly secret documents housed in archives in Moscow, Warsaw, and Prague, as well as interviews with former Communist officials across Eastern Europe, Randall Stone answers these questions and others that have long vexed Western political scientists. Stone argues that trade politics revolved around the incentives created by distorted prices. The East European satellites profited by trading on the margin between prices on the Western market and those in the Soviet bloc. The Soviet Union made numerous attempts to reduce its implicit trade subsidy and increase the efficiency of the bloc, but the satellites managed consistently to outmaneuver Soviet negotiators. Stone demonstrates how the East Europeans artfully resisted Soviet objectives. Stone draws upon recent developments in bargaining and principal-agent theory, arguing that the incentives created by domestic institutions weakened Soviet bargaining strategies. In effect, he suggests, perverse incentive structures in the Soviet economy were exported into Soviet foreign policy. Furthermore, Stone argues, incentives to smother information were so deeply entrenched that they frustrated numerous attempts to reform Soviet institutions.

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Page Count

302

Publisher

Princeton University Press

Published Date

ISBN 10

0691225133

ISBN 13

9780691225135

Lending Credibility

The International Monetary Fund and the Post-Communist Transition

By: Randall W. Stone

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Lending Credibility

The International Monetary Fund and the Post-Communist Transition

By: Randall W. Stone

With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the IMF exert over fiercely contested issues in domestic politics that affect the lives of millions? In Lending Credibility, Randall Stone develops the first systematic approach to answering this question. Deploying an arsenal of methods from a range of social sciences rarely combined, he mounts a forceful challenge to conventional wisdom. Focusing on the former Soviet bloc, Stone finds that the IMF is neither as powerful as some critics fear, nor as weak as others believe, but that the answer hinges on the complex factor of how much credibility it can muster from country to country. Stone begins by building a formal, game-theoretic model of lending credibility, which he then subjects to sophisticated quantitative testing on original data from twenty-six countries over the 1990s. Next come detailed, interview-based case studies on negotiations between the IMF and Russia, Ukraine, Poland, and Bulgaria. Stone asserts that the IMF has exerted startling influence over economic policy in smaller countries, such as Poland and Bulgaria. However, where U.S. foreign policy interests come more heavily into play, as in Russia, the IMF cannot credibly commit to enforcing the loans-for-policy contract. This erodes its ability to facilitate enduring market reforms. Stone's context is the postcommunist transition in Europe and Asia, but his findings carry implications for IMF activities the world over.

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Page Count

311

Publisher

Princeton University Press

Published Date

ISBN 10

1400824435

ISBN 13

9781400824434

Religion in American Life

A Short History

By: Jon Butler,Grant Wacker,Randall Balmer

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Religion in American Life

A Short History

By: Jon Butler,Grant Wacker,Randall Balmer

Quite ambitious, tracing religion in the United States from European colonization up to the 21st century.... The writing is strong throughout."--Publishers Weekly (starred review) "One can hardly do better than Religion in American Life.... A good read, especially for the uninitiated. The initiated might also read it for its felicity of narrative and the moments of illumination that fine scholars can inject even into stories we have all heard before. Read it."--Church History This new edition of Religion in American Life, written by three of the country's most eminent historians of religion, offers a superb overview that spans four centuries, illuminating the rich spiritual heritage central to nearly every event in our nation's history. Beginning with the state of religious affairs in both the Old and New Worlds on the eve of colonization and continuing through to the present, the book covers all the major American religious groups, from Protestants, Jews, and Catholics to Muslims, Hindus, Mormons, Buddhists, and New Age believers. Revised and updated, the book includes expanded treatment of religion during the Great Depression, of the religious influences on the civil rights movement, and of utopian groups in the 19th century, and it now covers the role of religion during the 2008 presidential election, observing how completely religion has entered American politics.

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Page Count

573

Publisher

Oxford University Press

Published Date

ISBN 10

0199913293

ISBN 13

9780199913299

Encyclopedia of Evangelicalism

By: Randall Herbert Balmer

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Encyclopedia of Evangelicalism

By: Randall Herbert Balmer

In this completely revised and expanded edition of the Encyclopedia of Evangelicalism, Randall Balmer gives readers the most comprehensive resource about evangelicalism available anywhere. With over 3,000 separate entries, the Encyclopedia of Evangelicalism covers historical and contemporary theologians, preachers, laity, cultural figures, musicians, televangelists, movements, organizations, denominations, folkways, theological terms, events, and much more--all penned in Balmer's engaging style. Students, scholars, journalists, and laypersons will all benefit from Balmer's insights.

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Page Count

790

Publisher

Baylor University Press

Published Date

ISBN 10

193279204X

ISBN 13

9781932792041

Lending Credibility

The International Monetary Fund and the Post-communist Transition

By: Randall W. Stone

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Lending Credibility

The International Monetary Fund and the Post-communist Transition

By: Randall W. Stone

With the end of the Cold War, the International Monetary Fund emerged as the most powerful international institution in history. But how much influence can the IMF exert over fiercely contested issues in domestic politics that affect the lives of millions? In "Lending Credibility," Randall Stone develops the first systematic approach to answering this question. Deploying an arsenal of methods from a range of social sciences rarely combined, he mounts a forceful challenge to conventional wisdom. Focusing on the former Soviet bloc, Stone finds that the IMF is neither as powerful as some critics fear, nor as weak as others believe, but that the answer hinges on the complex factor of how much credibility it can muster from country to country. Stone begins by building a formal, game-theoretic model of lending credibility, which he then subjects to sophisticated quantitative testing on original data from twenty-six countries over the 1990s. Next come detailed, interview-based case studies on negotiations between the IMF and Russia, Ukraine, Poland, and Bulgaria. Stone asserts that the IMF has exerted startling influence over economic policy in smaller countries, such as Poland and Bulgaria. However, where U.S. foreign policy interests come more heavily into play, as in Russia, the IMF cannot credibly commit to enforcing the loans-for-policy contract. This erodes its ability to facilitate enduring market reforms. Stone's context is the postcommunist transition in Europe and Asia, but his findings carry implications for IMF activities the world over.

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Page Count

286

Published Date

ISBN 10

1283380021

ISBN 13

9781283380027

Book's by Randall W. Stone

Controlling Institutions

Controlling Institutions

Satellites and Commissars

Satellites and Commissars

Lending Credibility

Lending Credibility

Religion in American Life

Religion in American Life

Encyclopedia of Evangelicalism

Encyclopedia of Evangelicalism

Lending Credibility

Lending Credibility

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