File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Asian financial cooperation: The problem of legitimacy in global financial governance

TitleAsian financial cooperation: The problem of legitimacy in global financial governance
Authors
KeywordsAsian Regionalism
Globalization
International Finance
Legitimacy
Multilateralism
Issue Date2005
Citation
Global Governance, 2005, v. 11 n. 4, p. 487-504 How to Cite?
AbstractIn this article, I show an important connection between global financial governance and Asian regional financial governance. My findings suggest that unless the G7-dominated global financial institutions resolve the legitimacy problems, which involve inclusiveness, rule-governance, and fair returns, Asian developing countries are unlikely to place whole stock in global solutions created to deal with global (and regional) financial issues. The perceived deficiency of political legitimacy, even in the post - Asian crisis global financial architecture, drives Asian countries to become rule makers rather than rule takers through the new regional financial arrangements, such as the Bilateral Swap Arrangement under the Chiang Mai Initiative and the Asian Bond Fund.
Persistent Identifierhttp://hdl.handle.net/10722/171836
ISSN
2015 Impact Factor: 1.031
2015 SCImago Journal Rankings: 0.871
References

 

DC FieldValueLanguage
dc.contributor.authorSohn, Ien_US
dc.date.accessioned2012-10-30T06:17:44Z-
dc.date.available2012-10-30T06:17:44Z-
dc.date.issued2005en_US
dc.identifier.citationGlobal Governance, 2005, v. 11 n. 4, p. 487-504en_US
dc.identifier.issn1075-2846en_US
dc.identifier.urihttp://hdl.handle.net/10722/171836-
dc.description.abstractIn this article, I show an important connection between global financial governance and Asian regional financial governance. My findings suggest that unless the G7-dominated global financial institutions resolve the legitimacy problems, which involve inclusiveness, rule-governance, and fair returns, Asian developing countries are unlikely to place whole stock in global solutions created to deal with global (and regional) financial issues. The perceived deficiency of political legitimacy, even in the post - Asian crisis global financial architecture, drives Asian countries to become rule makers rather than rule takers through the new regional financial arrangements, such as the Bilateral Swap Arrangement under the Chiang Mai Initiative and the Asian Bond Fund.en_US
dc.languageengen_US
dc.relation.ispartofGlobal Governanceen_US
dc.subjectAsian Regionalismen_US
dc.subjectGlobalizationen_US
dc.subjectInternational Financeen_US
dc.subjectLegitimacyen_US
dc.subjectMultilateralismen_US
dc.titleAsian financial cooperation: The problem of legitimacy in global financial governanceen_US
dc.typeArticleen_US
dc.identifier.emailSohn, I:isohn@hku.hken_US
dc.identifier.authoritySohn, I=rp00643en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-29544442577en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-29544442577&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume11en_US
dc.identifier.issue4en_US
dc.identifier.spage487en_US
dc.identifier.epage504en_US
dc.identifier.scopusauthoridSohn, I=10439903200en_US

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats