Beschreibung:
'Financial statecraft' goes beyond sanctions against rogue states. National governments manipulate money, credit, and exchange rate resources to achieve a range of foreign policy goals. The aims of financial statecraft may be defensive or offensive, its targets bilateral or systemic, and its instruments financial or monetary. Since the global financial crisis of 2008-9, rising multipolarity in international relations has given 'new kids on the block' such as China, India, and Brazil the opportunity - and desire - to move beyond the old forms of defensive financial statecraft, such as debt default, to new and assertive types of international financial statecraft, including collective pressure on the industrial democracies to expand the IMF quotas of emerging powers. An open question for the future is whether the leaders of major emerging powers will continue to cooperate with the United States, Western Europe, and Japan in global financial governance - or whether some of them will move toward more direct challenges to the existing system's governing principles or its power hierarchy
New Kids on the Block: Rising Multipolarity, More Financial Statecraft / Leslie Elliott Armijo and Saori N. Katada -- Who's Afraid of Reversing Neoliberal Reforms? The Financial Statecraft of Argentina and Venezuela / Igǹacio Labaqui -- Brave New World? The Politics of International Finance in Brazil and India / Leslie Elliott Armijo and John Echeverri-Gent -- The End of Monetary Mercantilism in Southeast Asia? / Natasha Hamilton-Hart -- All Politics is Local: The Renminbi's Prospects as a Future Global Currency / Ulrich Volz -- Regionalism as Financial Statecraft: Pursuit of a Counterweight Strategy by China and Japan / Saori N. Katada and Injoo Sohn -- The Financial Statecraft of Emerging Powers: How, Why and So What? / Saori N. Katada and Leslie Elliott Armijo