René W.H. van der Linden – författare
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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.
505 kr
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629 kr
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This Palgrave Pivot investigates how the Chinese and United States financial systems are becoming increasingly interdependent, in spite of a simultaneous technological rivalry and ‘decoupling’ between the two nations.
The book offers a comparative analysis of Sino-US financial systems before and after the global financial crisis of 2008-2009, demonstrating the deepening integration of China into global financial markets and its move from an indirect bank-based system towards a direct market-oriented system. It discusses the economic and technological competition that has arisen between the US and China, the two largest financial centers based on financial technology, and demonstrates the differences in national interest driving processes of digitalization and FinTech applications. At the same time, the book points to ways in which a market-oriented global financial system and the rapid international growth of financial technology make future cooperation inevitable and necessary.This book places Sino-US financial relations in a broader financial-economic perspective and will be of interest to academics, consultants and students working in banking and finance, international financial markets, comparative economics, monetary theory and Chinese business studies.
505 kr
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629 kr
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This Palgrave Pivot book analyses the current state of economic and financial relations between China and the European Union. It illustrates the ‘de-risking’ strategy that informs much of financial policy between China and the EU and argues that this differs from the policy of ‘decoupling’ that characterizes the US approach towards China. Exploring how the EU positions itself in the context of a trade and tech race between the US and China, the book sketches out a range of geopolitical challenges for Europe as it navigates current and future scenarios in global economic cooperation and competition. It discusses the concept of ‘strategic autonomy’ for the EU and explores barriers to achieving this as well as options for re-shaping relations with China. The book provides an excellent overview for researchers and policy-makers of Sino-EU economic relations today and sets them firmly in the contexts of the post-pandemic world with new global value chains, rapid technological development, and evolving environmental challenges.