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The G20 and Asian Monetary Cooperation

In: Asian Responses to the Global Financial Crisis

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  • Woosik Moon

Abstract

The expert contributors – both Asian and Western – illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of ‘middle’ powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development.

Suggested Citation

  • Woosik Moon, 2012. "The G20 and Asian Monetary Cooperation," Chapters, in: Jehoon Park & T. J. Pempel & Geng Xiao (ed.), Asian Responses to the Global Financial Crisis, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14860_8
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    References listed on IDEAS

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    1. Siebert, Horst, 2008. "Preventing financial instability and currency crises," Kiel Working Papers 1401, Kiel Institute for the World Economy.
    2. Aizenman, Joshua & Pasricha, Gurnain Kaur, 2010. "Selective swap arrangements and the global financial crisis: Analysis and interpretation," International Review of Economics & Finance, Elsevier, vol. 19(3), pages 353-365, June.
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