The financial implications of China's Belt and Road Initiative a route to more sustainable economic growth
This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Cham, Switzerland
Palgrave Macmillan
2019
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| Schriftenreihe: | Palgrave pivot
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| Schlagworte: |
Wirtschaftswachstum
> Globalisierung
> Internationale Wirtschaftsbeziehungen
> Außenwirtschaftspolitik
> Regionale Wirtschaftsintegration
> China
> International finance
> Economic development—Environmental aspects
> Economic policy
> Economics
> Political economy
> International Finance
> One-Belt-One-Road-Initiative
> Nachhaltigkeit
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| Online Zugang: | Inhaltsverzeichnis |
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Tag hinzufügen | Zusammenfassung: | This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China. Chapter 1. Introduction -- Chapter 2. China’s four decades of reforms and development -- Chapter 3. China’s new style of globalization as a route to a more sustainable growth path -- Chapter 4. The Rationale for the ‘Belt and Road’ initiative -- Chapter 5. China’s financial deepening and its ‘Belt and Road’ funding dilemma in a global context -- Chapter 6. Concluding Remarks and Recommendations -- Bibliography |
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| Beschreibung: | "This pivot is the outcome of two papers presented at the annual "European Association of University Teachers in Banking & Finance Conference," also known as Wolpertinger Conference, held in Santander, Spain, in August 30-September 2, 2017. The co-authors met each other for the first time in Santander, and one year later at the Wolpertinger Conference 2018 held in Modena, Italy, they mutually agreed to write a chapter on this topic in a Palgrave Macmillan Studies in Banking and Financial Institutions. Because of their excellent mutual cooperation and shared interest in this subject, they have decided to subsequently make a more extensive version of this chapter, which eventually has resulted in the publication of this pivot." - Seite v |
| Beschreibung: | XV, 189 Seiten |
| ISBN: | 9783030301170 978-3-030-30117-0 |