International harmonization of financial regulation?
"There are very few detailed studies of how financial regulatory standards diffuse from the major centres of policy innovation to the rest of the world. Hyoung-kyu Chey’s contribution to our understanding of this process is considerable: in a detailed account of how Japan, Korea and Taiwan implemented Basel capital standards he shows how domestic politics and institutions reshaped and adapted these standards to fit local circumstances, often in ways at odds with the Basel Committee’s intent. This is a timely study of direct relevance to the current challenges of implementing Basel III and of reforming global economic governance more generally." — Andrew Walter, Professor of International Relations of School of Social and Political Sciences, University of Melbourne, Australia