課程資訊
課程名稱
金融全球化、財政危機與中國對外關係專題
Seminar on Financial Globalization, Fiscal Crises, and China’s Foreign Relations 
開課學期
110-1 
授課對象
學程  中國大陸研究學程  
授課教師
張珈健 
課號
PS7618 
課程識別碼
322 M5360 
班次
 
學分
2.0 
全/半年
半年 
必/選修
選修 
上課時間
星期五6,7(13:20~15:10) 
上課地點
 
備註
中國大陸研究學程-政治領域。
限碩士班以上
總人數上限:15人
外系人數限制:3人 
 
課程簡介影片
 
核心能力關聯
核心能力與課程規劃關聯圖
課程大綱
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課程概述

本課程核心主旨,乃是以國際政治經濟學的角度,探索當代金融全球化如何影響各國金融體系與財政的發展和穩定,而這樣的過程又如何影響中國的崛起和對外關係。本課程透過系統性的引介相關理論架構與研究文獻,提供學生發展知識體系,建立分析金融全球化與財政危機的分析架構,並以此思考與中國的政治、經濟與金融外交政策相關的重大議題,並且協助學生培養感興趣的研究主題,進而設計並撰寫原創性的研究論文。
自1970年代開始,幾個重大事件深刻的影響了國際政治經濟秩序。首先,是「布列頓森林體系」的瓦解與兩次石油危機,讓浮動匯率與跨國資本流動成為常態;其次,在鄧小平的領導下,中國於1978年展開「改革開放」。第三,拉丁美洲陷入國家外債危機,促成進一步的資本開放;最後,冷戰終結,確立了新自由主義經濟政策成為各國發展的主流典範。以上四種趨勢交互影響與揉合,讓金融全球化、金融危機與財政危機成為常態。金融全球化與財政危機不僅衝擊了國家的經濟政策與社會秩序,也挑戰傳統以疆界為基礎的國家—市場—社會關係。此外,金融全球化帶來的系統性風險,例如2007/08全球金融風暴,不只撼動了舊有的國家與全球治理典範,隨之引發的反全球化、保護主義、貿易與匯率戰,更成為國際權力移轉與秩序變遷的主要推力之一。換言之,金融全球化與隨之而來的財政衝擊,深刻的形塑了當代中國與世界互動的機會與限制,也影響了他國如何看待與回應中國崛起。因此,理解金融全球化如何影響各國財政與金融發展,將有助於學生掌握全球政經現勢與中國對外關係,同時發展獨立的研究主題。
本課程共分兩大部分。在第一部分(第1-6週)將引介相關理論觀點與途徑,協助同學建立一個掌握金融全球化,及其引發的金融、財政危機如何影響國家對外行為的分析架構。第一部分的課程順序如下:第1週為導論,第2週引介金融全球化的核心政治問題:匯率穩定—資本移動—國家政策自主性的「不可能三元」(Unholy Trinity)。同時介紹「財政危機」與「金融危機」的定義,以及兩者的關係。然後介紹傳統國政經的三種主流典範(Paradigm)、新興研究途徑「開放經濟的政治途徑」(Open Economy Politics)、建構主義政治經濟學(Constructivist IPE,包括歐陸學派的「日常政治的國際政治經濟學」(Everyday Politics of IPE, EIPE))。希望透過這部份讓同學熟悉相關的分析架構與觀點。接下來則介紹20世紀以降的重大金融、財政與債務危機,如經濟大恐慌(1929-1939)、1980年代拉丁美洲債務危機、1997/98東亞金融危機、2007/08全球金融海嘯、2009歐債危機。透過簡明扼要的歷史敘述,建立同學對於金融全球化與財政危機的一般性理解,並成為後續課程與撰寫期末研究計畫的知識基礎。第4週至第6週,則以主題性的方式分析國家面對重大危機時,是什麼政治經濟因素影響了國家的財金政策選擇與國際互動策略,而這些政策選擇又會有什麼後果。相關主題包括:金融、債務危機下的政策選擇、戰爭時期財金策略(War Finance)、災難財政援助(Disaster Financing)與疫病援助(Public Health Emergency Financing)。
第二部分(第7-16週)則是將前述的理論分析觀點與架構,具體應用在分析中國改革開放(1978-)的對外關係上。本部分將以歷史序列方式進行主題討論,首先在第7週從鄧小平改革開放與布列頓森林體系瓦解後的國際資本流動兩個面相,討論中國的對外合作。第7週聚焦1997/98東亞金融危機如何影響中國在亞洲區域的角色,第8週分析進入WTO與全球生產鏈的如何影響中國對外關係,第9週思考金融與貿易全球化產生的「Chimerica」關係與失衡危機(imbalance),第11週談 2007/08全球金融海嘯與中國崛起,緊接著在第12週談後金融海嘯時代中國在亞太及東亞區域整合的角色。從第13-16週,則分別剖析中國的貨幣權力與貨幣、金融外交謀策(Statecraft),包括人民幣國際化、一帶一路、亞投行、中國在主要國際組織的影響力及與其他強權的互動。
本課程沒有先修課程的要求,但因為討論的主題為國際政治經濟學科(IPE)下的進階議題延伸,因此先修過「國際政治經濟學專題」(PS7026)將有所助益。不過,沒有修過國政經專題的同學亦不必擔心,只需完成每週讀本、參與課堂討論並完成課程要求(文獻評論與研究計畫),則可保持進度。學期中若有任何疑問與不解,或是需要課程補充資料,歡迎在課堂上、office hours或是用電子郵件向授課教師提出。

Week 1: 課程介紹與導論
Week 2: 核心問題與理論觀點:定義金融全球化與「金融、財政危機」、理解國際金融體系的「不可能三元」(Unholy Trinity)、以及相關典範、學派與途徑
Week 3: 20世紀以降的重大金融、財政與債務危機:經濟大恐慌(1929-1939)、1980年代拉丁美洲債務危機、1997/98東亞金融危機、2007/08全球金融海嘯、2009歐債危機
Week 4: 面對危機的財政金融政策選擇(I):金融與債務危機下的財政金融政策選擇
Week 5: 面對危機的財政金融政策選擇(II):戰爭時期財金策略(War Finance)
Week 6: 面對危機的財政金融政策選擇(III):災難財政援助(Disaster Financing)、疫病援助(Public Health Emergency Financing)與國際合作
Week 7: 改革開放、國際資本流入與中國對外合作
Week 8: 1997/98東亞金融危機、東協加三架構(ASEAN Plus Three, APT)與中國角色
Week 9: 進入WTO、全球生產鏈與中國發展
Week 10: 「Chimerica」(中美共同體)與全球金融與貿易體系的失衡(imbalance)
Week 11: 2007/08全球金融海嘯與中國崛起
Week 12: 後金融海嘯時代的亞太及東亞區域整合與中國角色
Week 13: 人民幣國際化(I):國際貨幣權力理論與實際
Week 14: 人民幣國際化(II):人民幣國際化對國際貨幣治理的意義
Week 15: 中國的雙邊金融外交策略(Financial Statecraft):一帶一路(Belt and Road Initiatives, BRI)與他國回應
Week 16: 中國在多邊組織中的金融外交策略(Financial Statecraft):亞投行(The Asian Infrastructure Investment Bank, AIIB)及其與世界銀行、國際貨幣基金會的競合
Week 17: 研究計畫課堂報告
Week 18: 課程總結 

課程目標
學生於課程結束時,應具備下列能力:
1. 熟悉金融全球化對國家金融與財政系統的影響與挑戰,並理解影響金融、財政治理之關鍵政治經濟議題,如匯率穩定—資本移動—國家政策自主性的「不可能三元」(Unholy Trinity),以及其他重要主題如金融危機、貨幣權力與貨幣、金融外交謀策。以上述知識為基礎,了解金融全球化如何影響國家對外關係
2. 掌握個別主題內中國與他國的互動模式以及理由
3. 運用本課程習得之理論,從國際政治經濟學的金融全球化、財政危機視野解釋國際中國對外關係
4. 設計並撰寫原創性的研究論文 
課程要求
成績評量方式與標準
(請說明各項評量項目內容設計、比例及標準)Grading 一、 評量項目:將由三大項目構成-課堂參與(20%)、兩篇文獻評論(20%*2)、研究計畫與報告(40%)。
1. 課堂參與(20%)
課堂積極參與非常重要,學生必須於課前讀完當周指定閱讀,並積極參與討論。課堂參與的評分包括兩部分:
Discussion Leader (10%):從課程的第四周起,每一個學生都必須擔任一週的Discussion Leader。Discussion Leader的責任是對當週的指定閱讀進行介紹與評論,並準備問題提供課堂同學討論。報告形式可以是單篇指定閱讀的深入評論或多篇指定閱讀的綜合比較。
課堂回應(10%):未擔任Discussion Leader的同學,仍必須於學生必須於課前讀完當周指定閱讀,並積極參與討論。
2. 兩篇文獻評論,每篇以三千字為限(20%*2)
從課程的第四周起(主題性討論開始),每一個學生必須完成兩篇文獻評論,每份文獻評論佔20%。文獻評論的內容為,選定一週的讀本,對該週的讀本進行評論。評論形式可以是單篇指定閱讀的深入分析,或是以主題性方式對多篇指定閱讀展開綜合比較。好的文獻評論必須包括:
精簡的摘要:簡單清楚的提出讀本核心意旨。(*請記住,只有摘要將不構成一篇好評論,請記住以下幾點)
評論:清楚說明認同/不認同該讀本論述之理由、該讀本論述提供之經驗證據是否具備可靠性及有效性、該個案探討是否妥適回應研究問題、是否有其他強化論述之方法…等等
同學的兩篇文獻評論,有一篇可以選擇自己擔任Discussion Leader的那週讀本,但不強迫(可以另選其他兩週非Discussion Leader時的讀本)。
評論論文繳交期限:同學將自己的評論論文,在所選評論的那週課堂上課前48小時,以電子郵件寄給授課教師,逾時不收。
評論論文每篇以3000字為限制。

3. 研究計畫與報告(40%):本課程希望能協助同學尋找研究主題、設計並撰寫原創性的研究論文,因此同學需要在期末時繳交一份與本課程相關的研究計畫(20頁為限),並且在期末(17週)時,上台發表並供人評論。其中,上台報告佔10%,期末繳交的研究計畫佔30%。
同學在第8週課堂結束時,必須先繳交一份研究題目給授課教師。並在第12週時課堂結束,繳交三頁研究計畫撰寫草稿給授課教師。
歡迎提早與授課教師討論研究題目。授課教師會在第8週時提供一份簡明的「研究計畫撰寫指南」。
研究計畫最終版本的繳交期限為課程最後一週的禮拜五下午五點,請以電子郵件寄給授課教師。

二、 評分標準

評分方法
Discussion Leader 10%
一般課堂參與 10%
兩篇文獻評論 40%
研究計畫 30%
研究計畫口頭報告10%
分數定義
A+ :所有項目均超乎預期地達成
A :所有項目均達成
A- :所有項目均達成,但有需要改進之處
B+ :部分項目良好地達成
B :部分項目順利達成
B- :部分項目達成,但有微小不足
C+ :達成最低目標
C :達成最低目標,但有微小不足
C- :達成最低目標,且有明顯不足
F :未能達成最低目標
X :無理由缺席課程或其他情況,以致未能評分


等第制 績分
(4分制) 百分計分
(按最接近整數換算) 分數
(成績單所示)
A+ 4.3 90-100 95
A 4.0 85-89 87
A- 3.7 80-84 82
B+ 3.3 77-79 78
B 3.0 73-76 75
B- 2.7 70-72 70
C+ 2.3 67-69 68
C 2.0 63-66 65
C- 1.7 60-62 60
F 0 ≦59 50
X 0 0 0


本課程對學生課後學習之要求
Requirements for students after the class: 1. 一般要求
不接受遲交
關於分數:學生應自行至線上系統確認各項分數
2. 出席及缺席:缺席2堂以上課程將被扣分
3. 學術誠信(Academic Integrity):請勿抄襲,違者將依規定懲處 
預期每週課後學習時數
 
Office Hours
 
指定閱讀
 
參考書目
一、 指定閱讀(請詳述每週指定閱讀) Required readings

Week 1 課程介紹與導論
Week 2 核心問題與理論觀點:定義金融全球化與「金融、財政危機」、理解國際金融體系的「不可能三元」(Unholy Trinity)、以及相關典範、學派與途徑
Carmen M. Reinhart and Kenneth S. Rogoff. 2009. This Time is Different. Princeton: Princeton University Press. Chapter 4, 10, 11, 17
Maurice Obstfeld. 1998. “The Global Capital Market: Benefactor or Menace?” Journal of Economic Perspectives 12 (4): Read only pages 9-15.
Robert Gilpin, 2001 Global Political Economy . [This is an updated version of Gilpin, The Political Economy of International Relations, 1987.] Ch. 1-2
David Lake (2009), “Open Economy Politics: A Critical Review,” Review of International Organizations 4:3, 219-244.
David Leblang. 2002. “The Political Economy of Speculative Attacks in the Developing World.” International Studies Quarterly 46 (1): 69-91.

Week 3世紀以降的重大金融、財政與債務危機:經濟大恐慌(1929-1939)、1980年代拉丁美洲債務危機、1997/98東亞金融危機、2007/08全球金融海嘯、2009歐債危機
Charles Kindleberger, The world in depression 1929-1939 (Berkeley: University of California Press, 1973), ch.1, 14
Jeffry A. Frieden. 1991. Debt, Development and Democracy. Princeton: Princeton University Press. Pages 67-83 & 178-215
Stephan Haggard. 2000. The Political Economy of the Asian Financial Crisis. Washington: Institute for International Economics. Chapters 1 & 2.
Adam Tooze. Crashed: How a decade of financial crises changed the world. New York: Viking, 2018: ch.2, ch.6-8.
Philip R. Lane. 2012. “The European Sovereign Debt Crisis” Journal of Economic Perspectives 26 (3): 49-68.

Week 4 面對危機的財政金融政策選擇(I):金融與債務危機下的財政金融政策選擇
Stefanie Walter. Financial crises and the politics of macroeconomic adjustments. Cambridge University Press, 2013: Chapter 1-2.
Stephen C Nelson and Peter J Katzenstein. Uncertainty, risk, and the financial crisis of 2008. International Organization, 68(2):361{392, 2014.
Wessel, David (2010). In Fed We Trust. Ben Bernanke’s War on the Great Panic. New York: Three Rivers Press; Chapter 1, 10-12.
Mark Blyth. Austerity: The History of a Dangerous Idea. Oxford University Press, 2013. Ch1.
Research. Atif Mian, Amir Su, and Francesco Trebbi. 2014. “Resolving debt overhang: political constraints in the aftermath of financial crises.” American Economic Journal: Macroeconomics, 6(2):1-28,
Lipscy, Phillip Y. and Lee, Haillie Na-Kyung 2019. “The IMF As a Biased Global Insurance Mechanism: Asymmetrical Moral Hazard, Reserve Accumulation, and Financial Crises.” International Organization, Vol. 73, Issue. 02, p. 489.

Week 5 面對危機的財政金融政策選擇(II):戰爭時期財金策略(War Finance)
Kirshner, J. 2007. Appeasing Bankers: Financial Caution on the Road to War. Princeton University Press. Ch1
Kreps, Sarah. 2018. Taxing Wars: The American Way of War Finance and the Decline of Democracy. Oxford University Press. Ch.1-2
Zielinski, Rosella Cappella. 2016. How States Pay For War? Ithaca: Cornell University Press. Introduction and ch.1
Schultz, Kenneth and Barry Weingast. 2003. “The Democratic Advantage: The Institutional Sources of State Power in International Competition” International Organization 57 (winter): 3-42.
Shea, Patrick E. 2013. “Financing Victory: Sovereign Credit, Democracy, and War” Journal of Conflict Resolution . 58 no. 5 771-795

Week 6面對危機的財政金融政策選擇(III):災難財政援助(Disaster Financing)、疫病援助(Public Health Emergency Financing)與國際合作
OECD. 2017. OECD Recommendation on Disaster Risk Financing Strategies. OECD.
o Also check: IMF. 2020. Fiscal Monitor Report (April 2020). (Chapter 1: Policies to Support People During the COVID-19 Pandemic, Chapter 2 : IDEAS to Respond to Weaker Growth). IMF.
I. Kelman (2011) “The origins of disaster diplomacy”; “Moving forward with disaster diplomacy” and “Principal lessons for application,” in Disaster diplomacy: How disasters affect peace and conflict, London: Routledge, pp. 1-10, 135-141.
B. Wisner, P. Blaikie, T. Cannon and I. Davis (2004) “Access to resources and coping in adversity,” in At risk: Natural hazards, people’s vulnerability and disasters, London: Routledge, pp. 87-124.
Anbarci, N., M. Escaleras, & C. Register (2005) “Earthquake Fatalities: The Interaction of Nature and Political Economy” Journal of Public Economics 89: 1907–1933.
Drury, C., R. S. Olson, & D. Van Belle (2005) “The Politics of Humanitarian Aid: U.S. Foreign Disaster Assistance, 1964–1995,” The Journal of Politics 67(2): 454–473.
Kahn, M. E. (2005) “The Death Toll from Natural Disasters: The Role of Income, Geography, and Institutions” The Review of Economics & Statistics 87(2): 271–284.
Akcinaroglu, S., J. DiCicco, & E. Radziszewski (2011) “Avalanches & Olive Branches: A Multimethod Analysis of Disasters and Peacemaking in Interstate Rivalries,” Political Research Quarterly 64(2) pp. 260–275.

Week 7改革開放、國際資本流入與中國對外合作
Justin Yifu Lin, 2012. Demystifying the Chinese Economy: Ch 6, Cambridge, UK: Cambridge University Press, 2012.
Barry Naughton 2007. Ch. 4 “Market Transition: Strategy and Process,” Ch 10, Ch 12, Ch19
Yasheng Huang, 2003. Selling China : Foreign Investment during the Reform Era New York, Cambridge University Press, Ch.1
Nicholas Lardy, 1998, China’s Unfinished Economic Revolution, ch 3.
Arvind Panagariya, 1994: “East Asia and the New Regionalism in World Trade,” World Economy 17(6): 817-840

Week 8 1997/98東亞金融危機、東協加三架構(ASEAN Plus Three, APT)與中國角色
Wade, R. (1998). The Asian debt-and-development crisis of 1997 financial crisis: Causes and consequences. World development, 26(8), 1535-1553.
Douglas Webber, 2001: Two Funerals and a Wedding? The Ups and Downs of Regionalism in East Asia and Asia-Pacific after the Asian Crisis, The Pacific Review 14(3): 339-372
Kim, Samuel S. 2004 “Regionalization and Regionalism in East Asia”, Journal of East Asian Studies 4:1 (Jan-Apr 2004), pp. 39-67
Henning, C Randall (2009), The Future of the Chiang Mai Initiative: An Asian Monetary Fund?, Peterson Institute for International Economics, Policy Brief PB09-5.
Rana PB, Chia WM and Y Jinjarak (2012), “ASEAN+3 Monetary Integration: Perception Survey of Opinion Leaders”, Journal of Asian Economics, 23:1-12.
Sussangkarn, C (2010), “The Chiang Mai Initiative Multilateralization: Origin, Development, and Outlook”, ADBI Working Paper Series 230, July, Tokyo: ADBI.

**修課者於本周提交期末報告之研究題目**

Week 9 進入WTO、全球生產鏈與中國發展
James Scott and Rorden Wilkenson, 2012 “China in the WTO”, in S. Kennedy and Cheng Shuaihua, eds,, From Rule Takers to Rule Makers: The Growing Role of Chinese in Global Governance.
Gregory Chin and Richard Stubbs, 2011 “China and Regional Institution Building: The China-ASEAN FTA”, Review of International Political Economy 18:3 (2011).
David Lampton, 2008, The three faces of Chinese power: might, money and minds (University of California Press,) Ch.1
Eswar Prasad, (ed.), 2004 'China's growth and integration into the world economy: prospects and challenges', IMF Occasional Paper, no. 232 .

Week 10 「Chimerica」(中美共同體)與全球金融與貿易體系的失衡(imbalance)
Bowles, P., & Wang, B. 2008. The rocky road ahead: China, the US and the future of the dollar. Review of International Political Economy, 15(3), 335- 353.
Daniel Drezner, “Bad Debts: Assessing China’s Financial Influence in Great Power Politics”, International Security, Vol. 34 No. 2 (Fall 2009).
Wade, R. 2009. “From global imbalances to global reorganisations.” Cambridge journal of economics, 33(4), 539-562
Thompson, H. 2010. China and the Mortgaging of America: Economic Interdependence and Domestic Politics. Basingstoke: Palgrave. Ch2.
Andrew Walter, 2013, ‘Addressing global imbalances: domestic and global dynamics’ in China across the divide, ed. Rosemary Foot (Oxford: Oxford University Press, 2013).

Week 11 2007/08全球金融海嘯與中國崛起
Eric Helleiner, ‘Understanding the 2007-2008 global financial crisis: lessons for scholars of international political economy? Annual Review of Political Science 14 (2011): 67-87.
Shaun Breslin, 2011 “The ‘China model’ and the global crisis: from Friedrich List to a Chinese mode of governance?” in International Affairs, 87 (6) : 1323- 1343.
Ho-fung Hung, ‘Rise of China and the global overaccumulation crisis’ Review of International Political Economy, vol. 15, no. 2, 2008, pp. 149-179.
Lin, J.Y. (2015) “Why I do not Support Complete Capital Account Liberalization”, China Economic Journal, v.8: 86-93
Wang, H. 2014. ‘Global Imbalances and the Limits of the Exchange Rate Weapon’, in Helleiner, E., & Kirshner, J. (eds) ‘The great wall of money: Power and politics in China’s international monetary relations. Ithaca: Cornell University Press. Ch4. pp. 91-126.
Zhou Xiaochuan, 2009. “Reform the international monetary system” Essay by Dr Zhou Xiaochuan, Governor of the People’s Bank of China, 23 March 2009.

Week 12 後金融海嘯時代的亞太及東亞區域整合與中國角色
Shaun Breslin ‘Understanding China’s regional rise: interpretation, identities and implications’ International Affairs, vol. 85, no. 4, 2009, 817-835. Also check:
o Vinod Aggarwal, 2016 “Introduction: The Rise of Mega-FTAs in the Asia-Pacific,” Asian Survey 56(6), November/December 2016: 1005-1016.
o Penghong Cai, 2016 “China’s Responses to Mega-Regional FTAs, A Chinese Perspective,” Asian Survey 56(6), November/December 2016: 1123-1144.
Paul Cammack, 2012, “The G20, the Crisis, and the Rise of Global Developmental Liberalism“, Third World Quarterly, 33(1, 2012): 1-26.
Amitav Acharya, 2014, Power Shift or Paradigm Shift? China's Rise and Asia's Emerging Security Order, International Studies Quarterly 58(1), 2014:158–173
Gregory Chin, 2015 “China’s Bold Economic Statecraft,” Current History 114(773), Sep 2015: 217- 223.
Daniel H. Rosen and Thilo Hanemann, 2009 “China’s Changing Outbound Foreign Direct Investment Profile: Drivers and Policy Implications,” PIIE Policy Brief, Number Pb09-14

Week 13 人民幣國際化(I):國際貨幣權力理論與實際
Cohen, B. J. (2015). Currency power: understanding monetary rivalry. Princeton: Princeton University Press. Ch. 1 & 3. Benjamin J. Cohen, Currency Statecraft(Chicago University Press, 2019)t, ch. 1-3.
John Williamson, 2013. “The Dollar and US Power,” in The Power of Currencies and Currencies of Power, ed. Alan Wheatley (2013), ch. 3.
Christopher A. McNally & Julian Gruin. 2017. “A novel pathway to power? Contestation and adaptation in China's internationalization of the RMB, Review of International Political Economy, 24:4, 599-628
Juan Carlos Martinez Oliva, 2015, “China’s Power and the International Use of the RMB,” in Enter the Dragon, ed. Domenico Lombardi and Hongying Wang (2015), ch. 1.
Cynthia Roberts, Leslie Elliott Armijo, and Saori Katada, The BRICS and Collective Financial Statecraft (Oxford University Press, 2018), pp. 1-66

**修課者於本周提交期末報告的簡明大綱草稿(三頁以內)**

Week 14 人民幣國際化(II):人民幣國際化對國際貨幣治理的意義
Barry J. Eichengreen and Masahiro Kawai (eds.), 2010, RMB internationalization: achievements, prospects and challenges (Washington DC: Brookings Institution Press,) ch1-2.
J. Frankel, 2012 ‘Internationalization of the RMB and historical precedents,’ Journal of Economic Integration, vol. 27, 329-365.
Eric Helleiner and Jonathan Kirshner (eds.). 2014, The great wall of money: power and politics in China’s international monetary relations (Ithaca: Cornell University Press, 2014), chs. 7 and 8.
C.A McNally, ‘The political economic logic of RMB internationalization: a study in Sino-capitalism,’ International Politics, 2015, vol. 52, no. 6, pp. 704-723.
Gregory Chin, 2017. ‘True revisionist: China and the global monetary system,’ in Jacques deLisle and Avery Goldstein (eds.) China’s global engagement: cooperation, conflict and influence in the 21st century (Washington DC: Brookings Institution Press,).

Week 15 中國的雙邊金融外交策略(Financial Statecraft):一帶一路(Belt and Road Initiatives, BRI)與他國回應
Wang, Y., 2016, “Offensive for defensive: The belt and road initiative and China’s new grand strategy,” The Pacific Review, Vol. 29, No. 3, pp. 455–63.
o Also check: John Wong and Liang Fook Lye, 2014, “Reviving the Ancient Silk Road: China's New Diplomatic Initiative,” East Asian Policy 06/5 (2014)
Peter Ferdinand, 2016, Westward ho – the China dream, and ‘one belt, one road,’ International Affairs, 2016, vol 92, no 4, pp. 941-957
Aileen Baviera, 2016 “China’s Strategic Foreign Initiatives Under Xi Jinping, An ASEAN Perspective,” China Quarterly of International Strategic Studies 2(1), 57-79.
Shaofeng Chen, 2018. “Regional Responses to China’s Maritime Silk Road Initiative in SEA,” Journal of Contemporary China 27(111), 2018: 344-361.
o Also check: Andrew Small, 2018 ‘The backlash to belt and road: a south Asian battle over Chinese economic affairs,’ Foreign Affairs, 2018, February.
MERICS Belt and Road Tracker: https://www.merics.org/en/bri-tracker/interactive-map.

Week 16 中國在多邊組織中的金融外交策略(Financial Statecraft):亞投行(The Asian Infrastructure Investment Bank, AIIB)及其與世界銀行、國際貨幣基金會的競合
Peng Er Lam, 2014 “China's Asian Infrastructure Investment Bank: East Asian Responses,” East Asian Policy 06/127 .
Amitai Etzioni, 2016. “The Asian Infrastructure Investment Bank: A case study of multifaceted containment,” Asian Perspective 40(2), Apr-Jul 2016: 173-196.
Ren, X., 2016, “China as an institution-builder: The case of the AIIB,” The Pacific Review, Vol. 29, No. 3, pp. 435–42
Ikenberry, G.J and Lim, D. (2017) China’s Emerging Institutional Statecraft: The Asian Infrastructure Investment Bank and the Prospects for Counter-Hegemony. Washington, DC: Brookings Institution.
Ba, A.D. (2017) ‘In pursuit of an Asian Infrastructure Investment Bank: the politics and geopolitics of a Chinese Bank’, in S.B. Rothman, U. Vyas and Y. Sato (eds), Regional Institutions, Geopolitics and Economics in the Asia-Pacific: Evolving Interests and Strategies, Chapter 3. London: Routledge.
Giuseppe Gabusi, 2017, “Crossing the River by Feeling the Gold”: The Asian Infrastructure Investment Bank and the Financial Support to the Belt and Road Initiative, China & World Economy, 2017, vol. 25, issue 5, 23-45

Week 17 研究計畫課堂報告
Week 18 課程總結


二、 延伸閱讀(請詳述每週延伸閱讀) Extension readings

以下為本課程每周主題的延伸閱讀,提供給有興趣的同學在完成指定閱讀後,於時間、精力允許下,能夠有進一步參考的素材。所列上的延伸閱讀書目,都是相關主題內的重要著作。數目較多,是希望修課同學在進行研究、學習或是未來個人需要時,可以有參考的依據。本課程只有要求修課學生完成指定閱讀。至於延伸閱讀,則由學生自行決定是否參考、研讀。若有學生自行研讀延伸讀本而遇到問題,我歡迎學生在office hour時前來討論,或是透過e-mail進行詢問。

Week 1 課程介紹與導論
Week 2 核心問題與理論觀點:定義金融全球化與「金融、財政危機」、理解國際金融體系的「不可能三元」(Unholy Trinity)、以及相關典範、學派與途徑
Frederic Mishkin. 2003. The Economics of Money, Banking, and Financial Markets. Boston: Addison Wesley. Chapter 2.
Cohen, Benjamin. 2017. “The IPE of Money Revisited.” Review of International Political Economy 24 (4): 657–80.
Lipscy, Phillip Y. 2018. “Democracy and Financial Crisis.” International Organization 72 (04): 937–68

Week 3世紀以降的重大金融、財政與債務危機:經濟大恐慌(1929-1939)、1980年代拉丁美洲債務危機、1997/98東亞金融危機、2007/08全球金融海嘯、2009歐債危機
Vinod Aggarwal. 1987. International Debt Threat: Bargaining Among Creditors and Debtors in the 1980s. Policy Papers in International Affairs No. 29, Institute of International Studies, University of California, Berkeley.

Week 4 面對危機的財政金融政策選擇(I):金融與債務危機下的財政金融政策選擇
Ferguson, Thomas and Robert Johnson (2009). “Too Big to Bail. Part II: Fatal Reversal – Single Payer and Back.” International Journal of Political Economy 38(2): 5-45
Andrew Cooper and Bessma Momani. 2005. “Negotiating Out of Argentina’s Financial Crisis.” New Political Economy 10 (3): 305-320.
Hemming, Richard, Michael Kell and Selma Mahfouz (2002). “The Effectiveness of Fiscal Policy in Stimulating Economic Activity: A Review of the Literature” IMF Working Paper 02/208, International Monetary Fund.
Reinhart, Carmen and Kenneth Rogoff (2010)."Growth in a Time of Debt," NBER Working Paper 15639.
Alesina, Alberto and Silvia Ardagna (2009). "Large Changes in Fiscal Policy: Taxes Versus Spending," NBER Working Paper 15438, National Bureau of Economics
Eichengreen, Barry. 2003. "Restructuring Sovereign Debt," Journal of Economic Perspectives, vol. 17(4), pages 75-98.
Rogoff, Kenneth and Jeromin Zettelmeyer. 2002. "Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001," IMF Staff Papers, vol. 49(3), pages 470-502.
Pauly, Louis (2009). "The Old and the New Politics of International Financial Stability." Journal of Common Market Studies 47(5): 955-975.
Woods, Ngaire (2010). Global Governance after the Financial Crisis: A New Multilateralism or the Last Gasp of the Great Powers? Global Policy 1(1): 51-63.

Week 5 面對危機的財政金融政策選擇(II):戰爭時期財金策略(War Finance)
Poast, Paul. 2013. “Central Banks at War” International Organization 69 (1 winter): 63-95.
Scheve, Kenneth., and David Stasavage. 2010. “The conscription of wealth: mass warfare and the demand for progressive taxation.” International Organization 64(4): 529–561.
Scheve, Kenneth., and David Stasavage. 2012. “Democracy, War, and Wealth: Lesson from Two Centuries of Inheritance Taxation” APSR 106: 81-102
Scheve, Kenneth., and David Stasavage. 2016. Taxing the Rich: A History of Fiscal Fairness in the United States and Europe. Princeton: Princeton University Press.
Kriner, D., Lechase, B., & Zielinski, R. C. 2018. Self-interest, partisanship, and the conditional influence of taxation on support for war in the USA. Conflict Management and Peace Science, 35(1), 43–
Flandreau, Marc and Juan H. Flores. 2012. “The Peaceful Conspiracy: Bond Markets and International Relations During the Pax Britannica.” International Organization 66(02): 211-241

Week 6面對危機的財政金融政策選擇(III):災難財政援助(Disaster Financing)、疫病援助(Public Health Emergency Financing)與國際合作
Garrett, T. A. & R. S. Sobel (2003) “The Political Economy of FEMA Disaster Payments,” Economic Inquiry 41(3): 496–509.
Reeves, A. (2011) “Political Disaster: Unilateral Powers, Electoral Incentives, and Presidential Disaster Declarations”The Journal of Politics 73(4): 1142–1151.
A. Wilkinson et al (2017) “Engaging ‘communities’: Anthropological insights from the West Africa Ebola epidemic,’ Philosophical Transactions .
Keefer, P., E. Neumayer, & T. Plumper (2011) “Earthquake Propensity and the Politics of Mortality Prevention” World Development 39(9): 1530–1541.
Quiroz Flores, A. & A. Smith (2013) “Leader Survival and Natural Disasters,” British Journal of Political Science 43(4): 821–843.

Week 7改革開放、國際資本流入與中國對外合作
Justin Yifu Lin,Fang Cai,Zhou Li. 2003, The China Miracle: Development Strategy and Economic Reform, Chinese University Press
Chow, G. C. (2004), Knowing China. Singapore: World Scientific
Loren Brandt and Thomas Rawski (eds), 2008 China’s Great Economic Transformation. Cambridge University Press, Ch 14.

Week 8 1997/98東亞金融危機、東協加三架構(ASEAN Plus Three, APT)與中國角色
Steven Radelet and Jeffrey Sachs, 1998, “The Onset of the East Asian Financial Crisis,” Harvard Institute for International Development, March 30, 1998.
C. Randall Lloyd Gruber, 2000: Ruling the World: Power Politics and the Rise of Supranational Institutions. Princeton: Princeton University Press, Chapters 6 and 7.
John Ravenhill, 2000: APEC Adrift: Implications for Economic Regionalism in Asia and the Pacific, The Pacific Review 13(2): 319-333.
John Ravenhill, 2002, "A Three Bloc World? The New East Asian Regionalism," International Relations of the Asia-Pacific, vol. 2 (2002), pp. 183-93
APEC. See David P. Rapkin, "The United States, Japan and the Power to Block: the APEC and AMF Cases," The Pacific Review, vol. 14, No. 3 (2001), pp 373-410

**修課者於本周提交期末報告之研究題目**

Week 9 進入WTO、全球生產鏈與中國發展
C. Fred Bergsten et al, 2009. China’s rise: challenge and opportunities (Peterson Institute for International Economics,).
Rosemary Foot and Andrew Walter, 2011, China, the United States and the global order (Cambridge: Cambridge University Press,), chs 3 and 6.
Heike Holbig and Robert Ash, eds, 2002. China’s Accession to the World Trade Organization (Routledge).
IMF, 2004, 'China's emergence and its impact on the global economy', in ch.2 of World Economic Outlook, April 2004, pp.82-102

Week 10 「Chimerica」(中美共同體)與全球金融與貿易體系的失衡(imbalance)
Dorn, J. A. 2008, ‘The Debt Threat: A Risk to US—China Relations?’ The Brown Journal of World Affairs, 14(2): 151-164.
C. Fred Bergsten et al, 2009. China’s rise: challenge and opportunities (Peterson Institute for International Economics, 2009).
Elizabeth Economy and Michael Levi, 2014, By all means necessary: how China’s resource quest is changing the world (New York: Oxford University Press,), chs. 1, 2, 4 and 9.

Week 11 2007/08全球金融海嘯與中國崛起
Max W. Corden, 2009, ‘The world credit crisis: understanding it, and what to do’, World Economy, vol 32, no 3. 2009, pp. 385-400

Week 12 後金融海嘯時代的亞太及東亞區域整合與中國角色
Ce Liang, “The rise of China as a constructed narrative: Southeast Asia’s response to Asia’s power shift”, The Pacific Review 31(3), 2018: 279-297

Week 13 人民幣國際化(I):國際貨幣權力理論與實際
Hyoung-Kyu Chey (2012), “Theories of International Currencies and the Future of the World Monetary Order,” International Studies Review 14:1 (March), 51-77.
Thomas Oatley et al. (2013), “The Political Economy of Global Finance: A Network Model,” Perspectives on Politics 11:1 (March), 133-153.

**修課者於本周提交期末報告的簡明大綱草稿(三頁以內)**

Week 14 人民幣國際化(II):人民幣國際化對國際貨幣治理的意義
E. Prasad, 2017, Gaining currency: the rise of the renminbi (New York: Oxford University Press,).
P. Subacchi, 2017. The people’s money: how China is building a global currency (New York: Columbia University Press, 2017).
Gregory Chin, 2017. ‘True revisionist: China and the global monetary system,’ in Jacques deLisle and Avery Goldstein (eds.) China’s global engagement: cooperation, conflict and influence in the 21st century (Washington DC: Brookings Institution Press,).

Week 15 中國的雙邊金融外交策略(Financial Statecraft):一帶一路(Belt and Road Initiatives, BRI)與他國回應
Tom Miller, 2017, China’s Asian dream: empire building along the new Silk Road (London: Zed Books, 2017)
Pradumna B. Rana and Wai-Mun Chia, 2014, “The Revival of the Silk Roads (Land Connectivity) in Asia,” RSIS Working Paper No. 274 (12 May 2014). Available at: http://www.rsis.edu.sg/publications/workingpapers/wp274.pdf
Jacob Stokes, 2015, ‘China’s road rules: Beijing looks west towards Eurasian integration,’ Foreign Affairs, 2015, 19 April.
Simon Xu Hui Shen, ed., 2015, “Special Issue: New Silk Road Project,” East Asia: An International Quarterly
MERICS Belt and Road Tracker: https://www.merics.org/en/bri-tracker/interactive-map.

Week 16 中國在多邊組織中的金融外交策略(Financial Statecraft):亞投行(The Asian Infrastructure Investment Bank, AIIB)及其與世界銀行、國際貨幣基金會的競合
John Ikenberry, 2011. Liberal Leviathan: The Origins, Crisis, and Transformation of the American World Order (Princeton: Princeton University Press, 2011)
John Ikenberry, ed., Power, Order, and Change in World Politics (Cambridge: Cambridge University Press, 2015).
Alastair Iain Johnston, 2019. “China in a World of Orders: Rethinking Compliance and Challenge in Beijing's International Relations,” International Security, 10.1162/isec_a_00360, 44, 2, (9-60), (2019).
Bas Hooijmaaijers, 2019. “China, the BRICS, and the limitations of reshaping global economic governance,” The Pacific Review, 10.1080/09512748.2019.1649298, (1-27), (2019).
Falin Zhang, 2020. Rising Illusion and Illusion of Rising: Mapping Global Financial Governance and Relocating China, International Studies Review, 10.1093/isr/viaa002, (2020).
Hongying Wang. 2019. “The New Development Bank and the Asian Infrastructure Investment Bank: China's Ambiguous Approach to Global Financial Governance” Development and Change, 50(1): 221-244. doi.org/10.1111/dech.12473

Week 17 研究計畫課堂報告
Week 18 課程總結 
評量方式
(僅供參考)
   
課程進度
週次
日期
單元主題
第1週
9/15  導論 
第2週
9/22  核心問題與理論觀點:定義金融全球化與「金融、財政危機」、理解國際金融體系的「不可能三元」(Unholy Trinity)、以及相關典範、學派與途徑 
第3週
9/29  20世紀以降的重大金融、財政與債務危機:經濟大恐慌(1929-1939)、1997/98東亞金融危機、2007/08全球金融海嘯 
第4週
10/06  面對危機的財政金融政策選擇(I):金融與債務危機下的財政金融政策選擇 
第5週
10/13  面對危機的財政金融政策選擇(II):戰爭時期財金策略(War Finance) 
第6週
10/20  面對危機的財政金融政策選擇(III):災難財政援助(Disaster Financing)、疫病援助(Public Health Emergency Financing)與國際合作 
第7週
10/27  Week 7(10/27)改革開放、國際資本流入與中國對外合作 
第8週
11/03  1997/98東亞金融危機、東協加三架構(ASEAN Plus Three, APT)與中國角色 
第9週
11/10  進入WTO、全球生產鏈與中國發展 
第10週
11/17  「Chimerica」(中美共同體)與全球金融與貿易體系的失衡(imbalance) 
第11週
11/24  2007/08全球金融海嘯與中國崛起 
第12週
12/01  後金融海嘯時代的亞太及東亞區域整合與中國角色 
第14週
12/15  中國的雙邊金融外交策略(Financial Statecraft):一帶一路(Belt and Road Initiatives, BRI)與他國回應 
第15週
12/22  中國在多邊組織中的金融外交策略:亞投行及其與世界銀行、國際貨幣基金會的競合 
第16週
12/29  課程研討會 
第17週
2020/01/05  研討會與課程總結 
第13-1週
12/08  人民幣國際化(I):國際貨幣權力理論與實際 
第13-2週
12/08  人民幣國際化(II):人民幣國際化對國際貨幣治理的意義