Many thought BRI would internationalize rob lending. Instead, in BRI Chinese banks have become big intermediary for $ EM financing: $600bn by end-2019 -> increases $ “funding gap” of Chinese financial system. W/o swap line -> reserves remain crucial.
omfif.org/2020/08/chinas… https://t.co/wa1YdC8Mla
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…