Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. In preparing for a future crisis, how would emergency mechanisms function to prevent and manage currency crises in East Asia? A new journal article in International Relations of the Asia-Pacific from William Grimes, […]
By Yaechan Lee Financial crises can serve as catalysts for reinforcing and diversifying anti-crisis safety nets. Following the 2008 financial crisis, improvements were made to the network of crisis support known as the Global Financial Safety Net (GFSN), born out of the recognition of inefficiencies and the under capacity of existing anti-crisis institutions and arrangements. […]
In the wake of the Asian Financial Crisis, East Asia’s efforts to enhance regional financial cooperation raised the possibility of East Asia playing a more assertive role in global financial governance. However, despite the region’s increased voice in governance and economic weight, East Asian financial systems and markets have mostly adapted to global norms developed […]
Global financial governance has transcended the relatively simple world of the Bretton Woods institutions. The International Monetary Fund (IMF) and the World Bank now share their issue areas with an increasing number of other formal and informal institutions. The analytical frameworks by which we understand the sources and consequences of institutional multiplicity and overlap are […]
For decades, the International Monetary Fund (IMF) has been the subject of vigorous debate in the international political economy. Given the central role assigned to the IMF in managing and preventing crises, it is not surprising that many studies of the global governance of balance of payments have typically focused on the IMF and its […]
In this comprehensive reference work, Kevin P. Gallagher has compiled a fresh and broad-ranging collection of expert voices commenting on the interdisciplinary field of trade and the environment. For over two decades policymakers and scholars have been struggling to understand the relationship between international trade in a globalizing world and its effects on the natural […]