China's New Role in the International Financial Architecture

dc.contributor.authorDrysdale, Peter
dc.contributor.authorTriggs, Adam
dc.contributor.authorWang, Jiao
dc.date.accessioned2021-05-21T04:15:32Z
dc.date.issued2017
dc.date.updated2020-11-23T10:18:53Z
dc.description.abstractThe rise of China is challenging the international financial architecture in a number of ways. This paper highlights three that are of critical importance: the challenge of absorbing massive Chinese savings; the incorporation of China into a cohesive global financial safety net; and the organisation of China's participation in funding the demand for international investment projects. The global financial architecture needs to be reformed. But what role should China play? The paper defines the options open to China and the opportunities and barriers it will face. We argue that China can work with the established economic powers in reforming the existing architecture. At the same time, China seeks cooperation in building new institutions and organisations that fill gaps in the existing arrangements. But no matter how international financial diplomacy plays out in the near term, deep financial and economic reform at home will alone deliver China a central role in the international financial architecture. Domestic reform could also attend to some of the challenges that currently plague China's impact on the system. The success or failure of these domestic reforms will be at the crux of the strength or fragility of the international financial architecture in the years aheaden_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1832-8105en_AU
dc.identifier.urihttp://hdl.handle.net/1885/233467
dc.language.isoen_AUen_AU
dc.publisherWileyen_AU
dc.rights© 2017 Japan Center for Economic Researchen_AU
dc.sourceAsian Economic Policy Reviewen_AU
dc.titleChina's New Role in the International Financial Architectureen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue2en_AU
local.bibliographicCitation.lastpage277en_AU
local.bibliographicCitation.startpage258en_AU
local.contributor.affiliationDrysdale, Peter, College of Asia and the Pacific, ANUen_AU
local.contributor.affiliationTriggs, Adam, College of Asia and the Pacific, ANUen_AU
local.contributor.affiliationWang, Jiao, College of Asia and the Pacific, ANUen_AU
local.contributor.authoremailu6600163@anu.edu.auen_AU
local.contributor.authoruidDrysdale, Peter, u6600163en_AU
local.contributor.authoruidTriggs, Adam, u4126165en_AU
local.contributor.authoruidWang, Jiao, u5129921en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor140210 - International Economics and International Financeen_AU
local.identifier.ariespublicationa383154xPUB7417en_AU
local.identifier.citationvolume12en_AU
local.identifier.doi10.1111/aepr.12182en_AU
local.identifier.scopusID2-s2.0-85021803305
local.identifier.thomsonID000404960300011
local.identifier.uidSubmittedBya383154en_AU
local.publisher.urlhttps://www.wiley.com/en-gben_AU
local.type.statusPublished Versionen_AU

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