... global financial system.
On September 26, 2017, New York (USA) hosted a seminar on the impact of sanctions upon the global financial system.
Leading representatives of the U.S. financial community attended the event: Adam Shubin, Deputy Minister of Finance of the USA at Obama’s office, Robert Mosbaher Jr., President at Overseas Private Investment Corporation, John Reynolds, partner at Davis Polk and Wardwell, Andrew Spindler, President at Financial Service Volunteer Corps.
Russian side was represented ...
... and yet they contain some vague language that can be interpreted in different ways.
Many actors, and many points of view
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
The scope of AIIB’s activities is somewhat restricted by the existence of large global and regional actors, such as the IMF, the Asian Development Bank, the World Bank, and the OECD. The United States and Japan have met the emergence of ...
... of transactions) in yuan will end up being profitable for importers.
Short-Term vs. Long-Term Interests
REUTERS/Aly Song
Kazushige Kobayashi, Manuel A.J. Teehankee:
The AIIB’s Launch Sets the Stage for Supply-
Side Competition in Development Finance
Despite the unprecedented devaluation, it is still too early to talk about a return to the policy of having an undervalued yuan. Representatives from the People’s Bank of China have talked about the prospects of the yuan’s appreciation ...
Islamic finance, an area of banking in the Middle East and Southeast Asia that offers Sharia-compliant products, is going through a major growth period right now. Islamic banking offers services and products that must comply with a set of rules where no interest ...
If the actions of the Chinese authorities prove unsuccessful, then liberal theory will enjoy another boom in popularity
The current instability of the Chinese Stock Market is likely to become the leading headline in finance this year. The “Chinese economic miracle” has continued unabated for some 35 years now, and the stable, double-digit economic growth had to come to an end at some point. And while the slowdown is now in full swing, its 7.4 per cent ...
... order
to solve their infrastructure problems
.
www.cnbc.com
The establishment of the New Development Bank has nothing to do with creating fundamentally new mechanisms for cooperation. Nor does it contribute to the generation of sufficient resources to finance development programmes in the BRICS countries and those of its partners. A number of bilateral agreements on financing development programmes have already been reached between BRICS countries, including agreements on currency swaps (between China ...
Enlarging the Finance-Base in the Asia-Pacific Region
The Asian Infrastructure Investment Bank (AIIB), officially launched at a signing ceremony in Beijing on 29 June 2015, first gained major international attention on March 2015 when major European powers (including ...
... accumulation of instruments of asymmetric power (trillions of dollars of foreign currency reserves).
Foreign currencies are the concentrated expression of accumulated state power. This is why the negative effects of unipolarity are valid for the world of finance as well. Establishing economic multi-polarity should be accompanied by a more complicated monetary and financial architecture by reducing the weight of the U.S. dollar in international finance. The global economy will become more balanced if it ...
Working Paper 20/2015
This Working Paper was prepared as part of a research project concerning the development of strategic partnership and constructive cooperation between Russia and China carried out by the Russian International Affairs Council (RIAC).
The authors present the results of a comprehensive review of Russian–Chinese trade, economic, financial and cross-border relations, analyse the impact of strengthening bilateral cooperation between the Russian Federation and the People’s Republic...
... Great Silk Road initiative intended to connect Europe and Asia.
The participation of European countries may create additional bridges between Europe and Asia and help solidify the bond between the EU and Asian integration groups.
Chinese Ministry of Finance, China Daily
Russia could gain a lot through participation in projects linking Europe and Asia. Moscow has joined the Asia-Europe Meeting but remains a missing link in the global chain of integration groups and transcontinental Asia-Europe contacts....
