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Explaining Financial Regionalism in East Asia

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Indonesia and ASEAN Plus Three Financial Cooperation

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Abstract

Financial regionalism in East Asia is always complex, but not impossible to build. Due to its complexity, the development of East Asian regionalism has usually been viewed using three approaches—neo-realism, constructivism and neo-functionalism—that provide different understanding towards regionalism. These three approaches present two prominent elements of regionalism—power relations and domestic factors—that help examine national responses to East Asian financial regionalism. However, the existing approaches provide insufficient explanation of the critical issues related to regional–domestic interaction and internal transformation in response to regional financial arrangements remain unearthed. At this point, regulatory regionalism helps to explain the interaction between various levels of analysis.

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  1. Fiscal Policy Agency Indonesian Ministry of Finance, Jakarta, Indonesia

    Eko Saputro

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Saputro, E. (2017). Explaining Financial Regionalism in East Asia. In: Indonesia and ASEAN Plus Three Financial Cooperation. Palgrave, Singapore. https://doi.org/10.1007/978-981-10-3029-1_2

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