Publication

This paper examines whether or not China could exercise a future role within the globe’s economic governance system in a way similar to other leading economic powers. More specifically, the author 1) focuses on China’s willingness to assume responsibility for five key functions that could help stabilize the global economy in times of crisis; and 2) concludes that the biggest stumbling block to China’s ability to provide such stabilising functions is its ability to act as a lender of last resort.