phbs
China, the Reluctant Monetary Power
2014-10-22 10:53:33
by Gerhard Stahl, PHBS

Wednesday, October 22, 2014 | 12:30pm - 2:00pm | Room 335, HSBC Business School Building


Abstract


There is an acute need for ambitious multilateral responses to the systemic crisis of international currency and finance. But does such a crisis not constitute an inevitable transition for allowing the redistribution of power and responsibility among declining and emerging powers? A multipolar world needs a strong multilateral base so as to make it economically more fair and effective and geopolitically more stable. China’s option will be decisive. The world is waiting for China.