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China in Global Finance
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Against the backdrop of Chinas increasingly influential role in the international financial architecture, this book seeks to characterize and evaluate Chinas financial power potential. It does so by analyzing the relationship between domestic financial repression and international financial power in the context of the political economy of the developmental state. On the basis of a novel theoretical framework for the analysis of the financial power potential of developmental states, the book provides an in-depth analysis of Chinas approach to currency internationalization, its creditor status and its policies towards the Bretton Woods institutions while contrasting the countrys present role in global finance with the position of the Japanese developmental state in the 1980s and 1990s.
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