Korea’s Role in Regional Financial Cooperation
The Global Financial Crisis highlighted the importance of international coordination to prevent, manage, and resolve financial crises. To this end, global institutions such as the G20 and IMF have garnered significant attention, but complementary institutions at the regional level also play an important role. Though it may not be the largest economy in these initiatives, South Korea has increasingly played a central role in their advancement, such as the Chiang Mai Initiative Multilateralization and ASEAN+3 Macroeconomic Research Office.
In this episode, KEI's Kyle Ferrier sits down with Ramon Pacheco Pardo, a Senior Lecturer in International Relations and Co-director of the London Asia Pacific Centre for Social Science King's College London, to discuss the central role Korea plays in East Asian financial institutions.