Dynamics of global financial governance: Constraints, opportunities, and capacities in Asia

Jun Jie WOO, M. RAMESH, Michael HOWLETT, Mehmet Kerem COBAN

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

Policy design, or the deliberate governmental effort to attain desired policy objectives, is an integral part of micro and macro-level fiscal and financial regulation. This paper seeks to address the role of regime coherence and policy capacity in contributing to effective financial policy design. Drawing on the cases of the Global Financial Crisis and Asian Financial Crisis and focusing on Asian states, we assess regime capacity at both international and domestic levels. We argue that it is the integration of analytical, operational and political capacities that have contributed to the overall ability of a government regime to address and respond to crises. Copyright © 2016 Policy and Society Associates (APSS). Published by Elsevier Ltd. All rights reserved.
Original languageEnglish
Pages (from-to)269-282
JournalPolicy and Society
Volume35
Issue number3
DOIs
Publication statusPublished - Sep 2016

Citation

Woo, J. J., Ramesh, M., Howlett, M., & Coban, M. K. (2016). Dynamics of global financial governance: Constraints, opportunities, and capacities in Asia. Policy and Society, 35(3), 269-282. doi: 10.1016/j.polsoc.2016.10.002

Keywords

  • Financial sector reform
  • Asia
  • Policy regimes
  • Policy capacity
  • Financial governance

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