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Coalitional Dynamics, Power Structure and Financial Markets in East Asia

Published online by Cambridge University Press:  22 May 2014

Xiaoke Zhang
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Abstract

The main argument to be developed in this article posits that fundamental changes and variations in the financial market structure of East Asian economies have been predicated on the emergence and configuration of the dominant coalitions. The coalitions have been forged by private market agents, economic policymakers and political elites who have developed particular interests in financial market changes as a response to economic and political imperatives both at home and abroad. In East Asia, the dominant coalitions that have borne crucially on regulatory rules and market practices have differed in the policy preferences of key actors in the coalitions and the power structures of these coalitions. It is these differences that have exerted divergent shaping influences on financial market development.

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Government and Opposition , Volume 49 , Issue 3: The Power of Finance: Before and After the Great Financial Crash , July 2014 , pp. 511 - 541
Copyright
Copyright © Government and Opposition Ltd 2014 

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Footnotes

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Xiaoke Zhang is a Professor at Manchester Business School, the University of Manchester. Contact email: [email protected].

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