International Monetary Cooperation among the United States, Japan, and Germany offers a first - and overdue - book- length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive. This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany. For the first time, this book presents all theories of counterproductive cooperation in one place, subjects them to systematic, empirical scrutiny in the light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in the light of the findings.

With the rise of China, Japan and many East Asian countries are caught between maximizing profit from economic ties with her, and strengthening alliances with the United States to prevent China from overpowering them. Liberals and realists thus debate over the likelihood of either security tensions easing up or economic interdependence getting reduced eventually. On the other hand, Iida introduces a new theory that reinterprets the relationship between state security and economic interdependence among countries in the Asia-Pacific region. Based on case studies of recent episodes in East Asia, and especially on the experiences of Japan, this book highlights an interesting dynamic between security and economic interdependence: risk avoidance. By understanding how risk avoidance affects the behavior of these countries in terms of security and economics, it becomes evident how they eventually settle into what Iida calls "Cool Politics" and "Lukewarm Economics".

With the rise of China, Japan and many East Asian countries are caught between maximizing profit from economic ties with her, and strengthening alliances with the United States to prevent China from overpowering them. Liberals and realists thus debate over the likelihood of either security tensions easing up or economic interdependence getting reduced eventually. On the other hand, Iida introduces a new theory that reinterprets the relationship between state security and economic interdependence among countries in the Asia-Pacific region. Based on case studies of recent episodes in East Asia, and especially on the experiences of Japan, this book highlights an interesting dynamic between security and economic interdependence: risk avoidance. By understanding how risk avoidance affects the behavior of these countries in terms of security and economics, it becomes evident how they eventually settle into what Iida calls "Cool Politics" and "Lukewarm Economics".

International Monetary Cooperation among the United States, Japan, and Germany offers a first - and overdue - book- length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive. This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany. For the first time, this book presents all theories of counterproductive cooperation in one place, subjects them to systematic, empirical scrutiny in the light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in the light of the findings.