Introduction : financial turbulence and financial governance -- Saving, investment, and financial activity in a single closed economy -- Collective governance for financial activity -- Political economy in a multination, intermediate world -- The progressive internationalization of finance -- Analytical issues in cross-border finance -- International collective governance -- International financial architecture -- Priorities for architectural reform : supranational surveillance and IMF lending -- Priorities for architectural reform : prudential financial oversight, crisis management, and the mandate for the IMF -- Single-nation and systemic guidelines for cross-border finance -- A perspective on financial activity and financial turbulence -- The evolution of international financial governance