Financial Interdependence, Digitalization and Technological Rivalries: Perspectives on Future Cooperation and Integration in Sino-American Financial Systems

W.H. van der Linden, René

ISBN 10: 3031278461 / ISBN 13: 9783031278464

Published by Palgrave Macmillan, 2023

About this Item

Seller Inventory # V9783031278464

Bibliographic Details

• Title: Financial Interdependence, Digitalization and Technological Rivalries: Perspectives on Future Cooperation and Integration in Sino-American Financial Systems
• Publisher: Palgrave Macmillan
• Publication Date: 2023
• Language: English
• ISBN 10: 3031278461
• ISBN 13: 9783031278464
• Binding: Soft cover
• Condition: New

About this title

Synopsis

This Palgrave Pivot investigates how the Chinese and United States financial systems are becoming increasingly interdependent, in spite of a simultaneous technological rivalry and 'decoupling' between the two nations.

The book offers a comparative analysis of Sino-US financial systems before and after the global financial crisis of 2008-2009, demonstrating the deepening integration of China into global financial markets and its move from an indirect bank-based system towards a direct market-oriented system. It discusses the economic and technological competition that has arisen between the US and China, the two largest financial centers based on financial technology, and demonstrates the differences in national interest driving processes of digitalization and FinTech applications. At the same time, the book points to ways in which a market-oriented global financial system and the rapid international growth of financial technology make future cooperation inevitable and necessary.

This book places Sino-US financial relations in a broader financial-economic perspective and will be of interest to academics, consultants and students working in banking and finance, international financial markets, comparative economics, monetary theory and Chinese business studies.