Regional Financing Arrangements Post-Crisis: An Emerging Role in the Global Financial Architecture?

Zwartjes, Marieke, "Regional Financing Arrangements Post-Crisis: An Emerging Role in the Global Financial Architecture?" in Regionalizing Global Crises: The Financial Crisis and New Frontiers in Regional Governance ed. Haastrup, Toni and Eun, Yong-Soo (Basingstoke: Palgrave Macmillan, 2014), 95-110.

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  • Author Zwartjes, Marieke
    Book Editor Haastrup, Toni
    Eun, Yong-Soo
    Chapter Title Regional Financing Arrangements Post-Crisis: An Emerging Role in the Global Financial Architecture?
    Book Title Regionalizing Global Crises: The Financial Crisis and New Frontiers in Regional Governance
    Publication Date 2014
    Place of Publication Basingstoke
    Publisher Palgrave Macmillan
    Start page 95
    End page 110
    Language eng
    Abstract Since the start of the ‘global financial crisis’ (GFC) in 2008, voices have been raised to increase regional financial cooperation as a way to manage regional and global crises and to deal with challenges related to globalization. Regional cooperation measures are supposed to make countries’ economies stronger in the short term, lead to less dependence on exports in the medium term and strengthen regions’ economic and financial resilience in the medium to long term (Sussangkarn, 2009). Regional financial cooperation is part of a bigger regional picture. For a region to evolve from a passive object to an active subject capable of expressing the transnational interests of the region, it has to demonstrate a certain degree of actorship. Such actorship can, according to Hettne (2008, p. 14), be acquired through internal cohesion, external presence, and organized actorness. One of the ways to acquire such actorship as a region and to enhance regional governance is through regional financial cooperation.
    UNBIS Thesaurus INTERNATIONAL FINANCE
    GLOBALIZATION
    POLITICAL COOPERATION
    MONETARY SYSTEMS
    REGIONAL COOPERATION
    Copyright Holder The Editors
    Copyright Year 2014
    Copyright type All rights reserved
    ISBN 9781137347572
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    Created: Fri, 15 Feb 2019, 11:44:29 JST