Yaechan Lee
Dados Biográficos
| ID | 3647635 |
|---|---|
| NOME | Yaechan Lee |
| PRENOMES | Yaechan |
| SOBRENOME | Lee |
| ASSINATURA | LEE Y |
| AFILIAÇÕES | Ritsumeikan Asia Pacific University |
| ORCID | 0000-0003-0379-5745 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 11 |
| TOTAL DE CITAÇÕES | 8 |
| TOTAL COMO AUTOR | 11 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2018 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2026 |
| ÍNDICE H | 2 |
Developmental or Liberal? How Japan and South Korea Diffuse Hybrid Financial Market Norms
East Asian economies have become major creditors in recent decades. However, while existing studies address the macroeconomic impact on the global economy of capital flows from East Asian economies, the impact of norm and policy diffusion that accompany such flows has received relatively little attention. This article assesses the content and impact of financial market norms that are being disseminated from Japan and South Korea, the largest cred…
From contest to convergence in East Asia
Recent decades have seen the creation of a variety of new regional multilateral institutions by states that are dissatisfied with the rules and norms of incumbent global institutions, a phenomenon that Morse & Keohane term “contested multilateralism.” They have become particularly prominent in Asia, where China’s increasing capabilities and ambitions enable challenges to global institutions led by the United States, Europe, and Japan. In principl…
Financial liberalization or state capitalism? The developmental state and the special purpose bond market in South Korea
South Korea's state-guaranteed bond market was nearly half the size of its sovereign bond market in 2022, and in the early 2000s, it was nearly twice the size of the latter. What explains the overwhelming prominence of this fixed-income market? This paper finds that the prominence of this market is a path-dependent consequence of developmental legacies and the Asian Financial Crisis. State-guaranteed bonds allowed the state to circumvent conditio…
The Geoeconomics of Regional Currency Contest
India and Japan are the only two non-dollar issuing countries that have signed dollar-denominated bilateral swap arrangements (BSAs) with foreign central banks. These arrangements indicate that India and Japan are committed to protect their BSA partners’ financial security even at the expense of their own dollar reserves. What has motivated the two countries to make such policy choices? This article argues that India and Japan’s dollar-denominate…
Financial cooperation in the Asia-Pacific as regime complex
Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. This article focuses on the issue area of emergency liquidity provision, where global (International Monetary Fund), regional (Chiang Mai Initiative Multilateralization), and bilateral arrangements co-exist and overlap in complicated ways, forming a regime complex. While the overall system …
The varieties of financial statecraft and middle powers
In recent years, the financial statecraft literature has expanded from a focus on great powers to encompass the behavior of emerging powers. While offering an important corrective, the literature does not yet adequately address the full variety of the emerging powers’ strategies of financial statecraft. In particular, we argue that regional middle powers behave differently from regional great powers even when they have similar capacities at the g…
Manifesting the embedded developmental state
Financial liberalization has noticeably reduced the role of the state in effectively influencing the economy in post-developmental states. Yet many studies have found that the legacies of the developmental model continue to influence the policies, institutions, and socioeconomic challenges that are faced by the states that previously adopted the model. These studies, however, do not clearly identify when and how such legacies may be manifested in…
Riding the tide
This article examines how South Korea has used the ASEAN Plus security platforms to hedge between the US and China and why it has not participated in the FOIP strategy. It argues that the platforms’ neutral guise, owing to ASEAN centrality and their global norms-based agenda has allowed Korea to passively voice its alignment with the US, thereby answering to the pressure for a higher commitment from the US and clearing the political risk of linki…
Economic Interdependence and Peace
Jing Xu. The Good Child
As a mother and a scholar raised from a Chinese family, Jing Xu weaves personal reflections with observations made from an anthropological perspective together to present what it means to be raised
Shuang Chen. State-Sponsored Inequality
Manifesting the embedded developmental state
Financial liberalization has noticeably reduced the role of the state in effectively influencing the economy in post-developmental states. Yet many studies have found that the legacies of the developmental model continue to influence the policies, institutions, and socioeconomic challenges that are faced by the states that previously adopted the model. These studies, however, do not clearly identify when and how such legacies may be manifested in…
The varieties of financial statecraft and middle powers
In recent years, the financial statecraft literature has expanded from a focus on great powers to encompass the behavior of emerging powers. While offering an important corrective, the literature does not yet adequately address the full variety of the emerging powers’ strategies of financial statecraft. In particular, we argue that regional middle powers behave differently from regional great powers even when they have similar capacities at the g…
Riding the tide
This article examines how South Korea has used the ASEAN Plus security platforms to hedge between the US and China and why it has not participated in the FOIP strategy. It argues that the platforms’ neutral guise, owing to ASEAN centrality and their global norms-based agenda has allowed Korea to passively voice its alignment with the US, thereby answering to the pressure for a higher commitment from the US and clearing the political risk of linki…
Financial cooperation in the Asia-Pacific as regime complex
Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. This article focuses on the issue area of emergency liquidity provision, where global (International Monetary Fund), regional (Chiang Mai Initiative Multilateralization), and bilateral arrangements co-exist and overlap in complicated ways, forming a regime complex. While the overall system …
Economic Interdependence and Peace
Jing Xu. The Good Child
As a mother and a scholar raised from a Chinese family, Jing Xu weaves personal reflections with observations made from an anthropological perspective together to present what it means to be raised
Shuang Chen. State-Sponsored Inequality
Riding the tide
This article examines how South Korea has used the ASEAN Plus security platforms to hedge between the US and China and why it has not participated in the FOIP strategy. It argues that the platforms’ neutral guise, owing to ASEAN centrality and their global norms-based agenda has allowed Korea to passively voice its alignment with the US, thereby answering to the pressure for a higher commitment from the US and clearing the political risk of linki…
Manifesting the embedded developmental state
Financial liberalization has noticeably reduced the role of the state in effectively influencing the economy in post-developmental states. Yet many studies have found that the legacies of the developmental model continue to influence the policies, institutions, and socioeconomic challenges that are faced by the states that previously adopted the model. These studies, however, do not clearly identify when and how such legacies may be manifested in…
Financial cooperation in the Asia-Pacific as regime complex
Since the 1997 Asian Financial Crisis, East Asia has gone from having virtually no regional financial cooperation to having multiple cooperative arrangements. This article focuses on the issue area of emergency liquidity provision, where global (International Monetary Fund), regional (Chiang Mai Initiative Multilateralization), and bilateral arrangements co-exist and overlap in complicated ways, forming a regime complex. While the overall system …
The varieties of financial statecraft and middle powers
In recent years, the financial statecraft literature has expanded from a focus on great powers to encompass the behavior of emerging powers. While offering an important corrective, the literature does not yet adequately address the full variety of the emerging powers’ strategies of financial statecraft. In particular, we argue that regional middle powers behave differently from regional great powers even when they have similar capacities at the g…
Financial liberalization or state capitalism? The developmental state and the special purpose bond market in South Korea
South Korea's state-guaranteed bond market was nearly half the size of its sovereign bond market in 2022, and in the early 2000s, it was nearly twice the size of the latter. What explains the overwhelming prominence of this fixed-income market? This paper finds that the prominence of this market is a path-dependent consequence of developmental legacies and the Asian Financial Crisis. State-guaranteed bonds allowed the state to circumvent conditio…
The Geoeconomics of Regional Currency Contest
India and Japan are the only two non-dollar issuing countries that have signed dollar-denominated bilateral swap arrangements (BSAs) with foreign central banks. These arrangements indicate that India and Japan are committed to protect their BSA partners’ financial security even at the expense of their own dollar reserves. What has motivated the two countries to make such policy choices? This article argues that India and Japan’s dollar-denominate…
Developmental or Liberal? How Japan and South Korea Diffuse Hybrid Financial Market Norms
East Asian economies have become major creditors in recent decades. However, while existing studies address the macroeconomic impact on the global economy of capital flows from East Asian economies, the impact of norm and policy diffusion that accompany such flows has received relatively little attention. This article assesses the content and impact of financial market norms that are being disseminated from Japan and South Korea, the largest cred…
From contest to convergence in East Asia
Recent decades have seen the creation of a variety of new regional multilateral institutions by states that are dissatisfied with the rules and norms of incumbent global institutions, a phenomenon that Morse & Keohane term “contested multilateralism.” They have become particularly prominent in Asia, where China’s increasing capabilities and ambitions enable challenges to global institutions led by the United States, Europe, and Japan. In principl…
Political science (8 obras) · Economics (7 obras) · International Development and Aid (6 obras) · China (5 obras) · Finance (5 obras) · Asian Industrial and Economic Development (4 obras) · Business (4 obras) · Financial crisis (4 obras) · Financial system (4 obras) · International Relations and Foreign Policy (4 obras)