China's overseas financing is a distinct form of patient capital that marshals the country's
vast domestic resources to create commercial opportunities internationally. Its long-term risk …

Globalization scholars have long-debated to what extent economic integration, and,
specifically, mobile private capital, constrains national policy-making. With Western capital …

The rise of China has sparked a debate about the economic and political consequences for
the global economy of the internationalisation of the renminbi. We argue that the dominant …

Will China's currency, the renminbi (RMB), become a major international reserve currency
that rivals the US dollar in the next decade? This article argues that this is unlikely for …

The domestic institutions of China's state-permeated market economy (SPME) have been
conducive to the consolidation of an investment-and export-led growth model that has …

Abstract As the United States has retreated from its lead role in globalization–first because of
the 2008 financial crisis, and now under President Donald Trump's leadership–China has …

In the past, foreign shocks arrived to national economies mainly through trade channels, and
transmissions of such shocks took time to come into effect. However, after capital …

This essay explores the domestic foundations of currency internationalisation. I consider
how a state that internationalises its currency might sustain the domestic economic and …

This paper examines the political-economy of capital controls in China. We argue that the
global policy context influences domestic political debates over capital controls, which, in …

Since the Asian financial crisis of 1997–1998, China has significantly increased its foreign
exchange reserves. We argue that the resulting abnormal levels of currency reserves …