Regional Leadership Dynamics and East Asian Financial Cooperation: Sino-Japanese Competitive Coexistence and the Development of the Chiang Mai InitiativeRegional Leadership Dynamics and East Asian Financial Cooperation: Sino-Japanese Competitive Coexistence and the Development of the Chiang Mai Initiative
- Other Titles
- Regional Leadership Dynamics and East Asian Financial Cooperation: Sino-Japanese Competitive Coexistence and the Development of the Chiang Mai Initiative
- Authors
- 박진수
- Issue Date
- 2012
- Publisher
- 경희대학교(국제캠퍼스) 국제지역연구원
- Keywords
- East Asian Financial Cooperation; Sino-Japanese Competitive Coexistence; Regional Leadership; Followership; AMF; CMI; CMIM; East Asian Financial Cooperation; Sino-Japanese Competitive Coexistence; Regional Leadership; Followership; AMF; CMI; CMIM; 동아시아 금융협력; 중·일 경쟁적 공존; 지역 리더십; 팔로우워십; 아시아 통화 기금; 치앙마이 이니셔티브; 치앙마이 이니셔티브 다자화
- Citation
- 아태연구, v.19, no.1, pp.247 - 286
- Indexed
- KCI
- Journal Title
- 아태연구
- Volume
- 19
- Number
- 1
- Start Page
- 247
- End Page
- 286
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/110298
- DOI
- 10.18107/japs.2012.19.1.009
- ISSN
- 1225-8539
- Abstract
- This paper seeks to illustrate and explain the nature of regional leadership dynamics emerging in East Asia and eventually explore how it has shaped the development of the CMI, one of the most tangible outcomes of recent East Asian financial cooperation. It interprets the emerging regional leadership dynamics in East Asia as Sino-Japanese competitive coexistence, in which Japan and China have coexisted to cooperation for the CMI development to take a better leadership position. It proves that Sino-Japanese competitive coexistence emerged through reciprocal interactions between regional shifting followership and Japan’s and China’s critical strategic actions to secure followership. It argues that Sino-Japanese competitive coexistence has constituted the gradual development of the CMI into the CMIM, but at the same time, it has shaped them as supplementing rather than supplanting the US-led global financial governance system.
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