Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) has been widely conceived as a Chinese effort to promote reforms of global financial governance. While the existing literature of contested multilateralism tends to focus on the problem of threat credibility, this article highlights the necessity of st...

Full description

Bibliographic Details
Main Authors:	Chen, Zheng, Liu, Yanchuan
Format:	Journal Article
Published:	Taylor and Francis 2018
Subjects:	STRATEGIC RIVALRY GLOBAL FINANCIAL GOVERNANCE MULTILATERALISM INVESTMENT BANK
Online Access:	http://hdl.handle.net/10986/30857

id	okr-10986-30857
recordtype	oai_dc
spelling	okr-10986-308572021-05-25T10:54:44Z Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank Chen, Zheng Liu, Yanchuan STRATEGIC RIVALRY GLOBAL FINANCIAL GOVERNANCE MULTILATERALISM INVESTMENT BANK The Asian Infrastructure Investment Bank (AIIB) has been widely conceived as a Chinese effort to promote reforms of global financial governance. While the existing literature of contested multilateralism tends to focus on the problem of threat credibility, this article highlights the necessity of strategic reassurance in institutional contests. To facilitate incremental reforms of the existing order, rising powers like China need not only to pose credible challenge towards established institutions, but also to demonstrate their benign intentions and commitment to future cooperation. Besides revealing strength and resolve, the creation of a new multilateral regime helps rising powers to signal their self-restraints and reassure other powers. Consequently, the institutional configuration of new multilateral organizations involves a trade-off between the dual needs for threats and reassurance. Chinese behaviors in creating the AIIB can be explained through this framework. 2018-11-13T19:48:41Z 2018-11-13T19:48:41Z 2018-07-05 Journal Article Journal of Contemporary China 1067-0564 http://hdl.handle.net/10986/30857 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	STRATEGIC RIVALRY GLOBAL FINANCIAL GOVERNANCE MULTILATERALISM INVESTMENT BANK
spellingShingle	STRATEGIC RIVALRY GLOBAL FINANCIAL GOVERNANCE MULTILATERALISM INVESTMENT BANK Chen, Zheng Liu, Yanchuan Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
geographic_facet	East Asia and Pacific China
description	The Asian Infrastructure Investment Bank (AIIB) has been widely conceived as a Chinese effort to promote reforms of global financial governance. While the existing literature of contested multilateralism tends to focus on the problem of threat credibility, this article highlights the necessity of strategic reassurance in institutional contests. To facilitate incremental reforms of the existing order, rising powers like China need not only to pose credible challenge towards established institutions, but also to demonstrate their benign intentions and commitment to future cooperation. Besides revealing strength and resolve, the creation of a new multilateral regime helps rising powers to signal their self-restraints and reassure other powers. Consequently, the institutional configuration of new multilateral organizations involves a trade-off between the dual needs for threats and reassurance. Chinese behaviors in creating the AIIB can be explained through this framework.
format	Journal Article
author	Chen, Zheng Liu, Yanchuan
author_facet	Chen, Zheng Liu, Yanchuan
author_sort	Chen, Zheng
title	Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
title_short	Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
title_full	Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
title_fullStr	Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
title_full_unstemmed	Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank
title_sort	strategic reassurance in institutional contests : explaining china's creation of the asian infrastructure investment bank
publisher	Taylor and Francis
publishDate	2018
url	http://hdl.handle.net/10986/30857
_version_	1764473027788013568

Strategic Reassurance in Institutional Contests : Explaining China's Creation of the Asian Infrastructure Investment Bank

Similar Items