Financial Implications of China’s Belt and Road Initiative

Piotr Łasak received his MA in Economics from the Krakow University of Economics, Poland and his PhD in Finance from Jagiellonian University, Poland, where he is currently an Assistant Professor at the Institute of Economics, Finance and Management. His research focuses on topics related to international financial market development, including financial market regulation and supervision, mechanisms of financial and currency crises and shadow banking system development (especially in China). He has published several dozen articles related to these above mentioned topics.René van der Linden received his MSc in 1987 from the Economics Faculty at the University of Amsterdam and is currently a senior lecturer in Economics and Finance in the International Business program at The Hague University of Applied Sciences, Netherlands. His research interests, with practical applications in education, focus on topics in the field of international financialmarkets, transition economies and emerging markets, banking and finance, international trade economics and doing business in Asia and the EU. He has published several papers on the Chinese economy and financial system and is co-author of the textbook European Business Environment.

• 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.