The varieties of financial statecraft and middle powers: assessing South Korea’s strategic involvement in regional financial cooperation

Lee, Yaechan; Grimes, William W.; Kring, William N.

doi:10.1080/09512748.2023.2281687

The Pacific Review

2023

DOI: 10.1080/09512748.2023.2281687

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The varieties of financial statecraft and middle powers: assessing South Korea’s strategic involvement in regional financial cooperation

Yaechan Lee,

William W. Grimes,

William N. Kring

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Cited by 2 publications

References 57 publications

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The Geoeconomics of Regional Currency Contest: How Bilateral Swap Arrangements of India and Japan Counter the Rise of RMB

Lee,

Katada

2024

Geopolitics

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The Geoeconomics of Regional Currency Contest: How Bilateral Swap Arrangements of India and Japan Counter the Rise of RMB

Lee,

Katada

2024

Geopolitics

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Financial cooperation in the Asia-Pacific as regime complex: explaining patterns of coverage, membership, and rules

Grimes,

Lee,

Kring

2023

International Relations of the Asia-Pacific

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Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. This article focuses on the issue area of emergency liquidity provision, where global (International Monetary Fund), regional (Chiang Mai Initiative Multilateralization), and bilateral arrangements co-exist and overlap in complicated ways, forming a regime complex. While the overall system offers more options and greater funding than were available in 1997, it also raises questions about how those levels will operate in a crisis. This article shows how national preferences of likely creditor and likely borrower countries have interacted to create the current regime complex, as well as the political compromises and remaining uncertainties about how they will work together. It argues that the evolution and current shape of the regime complex have been driven by the efforts of key states to take advantage of or thwart power asymmetries.

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The varieties of financial statecraft and middle powers: assessing South Korea’s strategic involvement in regional financial cooperation

Cited by 2 publications

References 57 publications

The Geoeconomics of Regional Currency Contest: How Bilateral Swap Arrangements of India and Japan Counter the Rise of RMB

The Geoeconomics of Regional Currency Contest: How Bilateral Swap Arrangements of India and Japan Counter the Rise of RMB

Financial cooperation in the Asia-Pacific as regime complex: explaining patterns of coverage, membership, and rules

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