Sebastian Schmidt
- Published in print:
- 2021
- Published Online:
- October 2020
- ISBN:
- 9780190097752
- eISBN:
- 9780190097783
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780190097752.003.0001
- Subject:
- Political Science, International Relations and Politics
This chapter lays out the empirical puzzle and theoretical explanation with which the book is concerned. Prior to the Second World War, foreign military presences could be understood only in terms of ...
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This chapter lays out the empirical puzzle and theoretical explanation with which the book is concerned. Prior to the Second World War, foreign military presences could be understood only in terms of the subjugation of the host state. However, in contemporary security politics, states may enter contractual arrangements governing such presences and end them as desired. This development is rooted in a change in relations between military presence and territorial authority occasioned by the exigencies of the war and the early Cold War. Mainstream theories of international relations cannot adequately account for this development. Turning to practices and a pragmatist understanding of action helps explain the origins of what I call “sovereign basing,” as well as its persistence through recent changes in international politics. The chapter lays the foundation for the study by carefully defining the practice of sovereign basing and setting the bounds of the investigation.Less
This chapter lays out the empirical puzzle and theoretical explanation with which the book is concerned. Prior to the Second World War, foreign military presences could be understood only in terms of the subjugation of the host state. However, in contemporary security politics, states may enter contractual arrangements governing such presences and end them as desired. This development is rooted in a change in relations between military presence and territorial authority occasioned by the exigencies of the war and the early Cold War. Mainstream theories of international relations cannot adequately account for this development. Turning to practices and a pragmatist understanding of action helps explain the origins of what I call “sovereign basing,” as well as its persistence through recent changes in international politics. The chapter lays the foundation for the study by carefully defining the practice of sovereign basing and setting the bounds of the investigation.
Yilmaz Akyüz
- Published in print:
- 2017
- Published Online:
- July 2017
- ISBN:
- 9780198797173
- eISBN:
- 9780191838668
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198797173.003.0003
- Subject:
- Economics and Finance, Financial Economics, Development, Growth, and Environmental
After recurrent crises with severe consequences in the 1990s and early 2000s EDEs have become even more closely integrated into what is now widely recognized as an inherently unstable international ...
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After recurrent crises with severe consequences in the 1990s and early 2000s EDEs have become even more closely integrated into what is now widely recognized as an inherently unstable international financial system. This chapter discusses the factors accelerating global financial integration of EDEs, including monetary policies in major advanced economies, notably the United States. It examines capital inflows and outflows, external balance sheets, the size and composition of gross external assets and liabilities, distinguishing between equity and debt, private and public sectors, local currency and foreign currency debt, bond issues and bank loans, and cross-border and local lending by international banks. It provides data and information on the currency composition of external debt, and non-resident participation in domestic financial markets of emerging economies. These are used to identify the changes in the depth and pattern of integration of emerging economies into the international financial system since the early 1990s.Less
After recurrent crises with severe consequences in the 1990s and early 2000s EDEs have become even more closely integrated into what is now widely recognized as an inherently unstable international financial system. This chapter discusses the factors accelerating global financial integration of EDEs, including monetary policies in major advanced economies, notably the United States. It examines capital inflows and outflows, external balance sheets, the size and composition of gross external assets and liabilities, distinguishing between equity and debt, private and public sectors, local currency and foreign currency debt, bond issues and bank loans, and cross-border and local lending by international banks. It provides data and information on the currency composition of external debt, and non-resident participation in domestic financial markets of emerging economies. These are used to identify the changes in the depth and pattern of integration of emerging economies into the international financial system since the early 1990s.
