The Financial Statecraft of Emerging Powers: How, Why, and So What?
- 85 Downloads
From China to Brazil, and India to Venezuela, emerging powers of the world have made their presence felt in multiple ways in the first decades of the 21st century. Not only are their economic and financial capabilities growing, but they also have begun to utilize their newly found material capabilities as the basis for developing active foreign policy tools. What types of financial statecraft (FS) are they engaging in? What motivates the players? What are their constraints, and what are the implications of their FS strategies for global economic governance? These are the questions we asked at the start of this project.
KeywordsInternational Monetary Fund European Monetary Union Capital Control Reserve Currency Foreign Exchange Reserve
Unable to display preview. Download preview PDF.
- Armijo, Leslie Elliott. (ed.) 1999. Financial Globalization and Democracy in Emerging Markets. New York: Palgrave/St. Martin’s.Google Scholar
- Armijo, Leslie Elliott. (ed.) 2001. Debating the Global Financial Architecture. Albany, NY: SUNY Press.Google Scholar
- Armijo, Leslie Elliott, and John Echeverri-Gent. forthcoming 2014. “Absolute or Relative Gains? How Status Quo and Emerging Powers Conceptualize Global Finance,” in Thomas Oatley and William Winecolt (eds) Handbook of International Monetary Relations. Cheltenham: Edward Elgar (in press).Google Scholar
- Armijo, Leslie Elliott, and Cynthia Roberts. 2014. “The Emerging Powers and Global Governance: Why the BRICS Matter,” in Robert Looney (ed.) Handbook of Emerging Economies. New York: Routledge.Google Scholar
- Bank for International Settlements (BIS). 2013. BIS Quarterly Review, December 2013. Basle: BIS.Google Scholar
- Brautigam, Deborah. 2010. The Dragon’s Gift: The Real Story of China in Africa. Oxford: Oxford University Press.Google Scholar
- Brown, Gordon. 2013. “Stumbling Toward the Next Crash,” Financial Times, December 18. www.ft.com (accessed December 20, 2013).
- Comisión Económica para América Latina y el Caribe (CEPAL). 2013. La Inversión Extranjera Direta en América Latina e El Caribe. Santiago, Chile: CEPAL.Google Scholar
- Corcoran, Patrick. 2011. “Argentina 2001 vs. Greece 2011: The Parallels and Pitfalls of Comparison,” Washington Diplomat, November 1. http://washdip-lomat.com (accessed December 28, 2013).
- Devlin, Robert. 1989. Debt and Crisis in Latin America: The Supply Side of the Story. Princeton: Princeton University Press.Google Scholar
- Financial Times. 2013. “‘Fragile five’ Countries Face Taper Crunch,” Financial Times, December 17. www.ft.com (accessed December 28, 2013).
- Gallagher, Kevin P., Amos Irwin, and Katherine Koleski. 2012. “The New Banks in Town: Chinese Finance in Latin America.” Inter-American Dialogue Report, February.Google Scholar
- Katada, Saori N. 2001. Banking on Stability: Japan and the Cross-Pacific Dynamics of International Financial Crisis Management. Ann Arbor: University of Michigan Press.Google Scholar
- Katada, Saori N. 2005. “Balancing Act: Japan’s Strategy in Global and Regional Financial Governance,” in John English, Ramesh Thakur, and Andrew F. Cooper (eds) A Leaders 20 Summit: Why, How, Who and When? Tokyo: United Nations University Press, pp. 97–120.Google Scholar
- Marichal, Carlos. 1989. A Century of Debt Crises inLatin America: From Independence to the Great Depression, 1820–1930. Princeton, N.J.: Princeton University Press.Google Scholar
- Mohan, Rakesh, Michael Debabrata Patra, and Muneesh Kapur. 2013. “The International Monetary System: Where are We and Where do We Need to Go?,” IMF Working Paper 13/224, Washington, DC: IMF, November.Google Scholar
- Nathan, Andrew J., and Andrew Scobell. 2012. “How China Sees America,” Foreign Affairs, 91(5), September/October, 32–47.Google Scholar
- Porter, Eduardo. 2013. “Rethinking How to Split the Costs of Carbon,” New York Times, December 24. www.nytimes.com (accessed December 29, 2013).
- Silk, Leonard. 1984. “Economic Scene: Acting to Avert Debtor Cartel,” New York Times, June 20. www.nytimes.com (accessed November 10, 2013).
- Wise, Carol, Leslie Elliott Armijo, and Saori N. Katada. (eds). Under review. Unexpected Outcomes: How Emerging Markets Survived the Global Financial Crisis. Book manuscript.Google Scholar