Template-Type: ReDIF-Article 1.0
Author-Name: Anna V. Valkova
Author-Email: avalkova@minfin.ru
Author-Workplace-Name: Ministry of Finance of the Russian Federation, Russia
Title: Asian Infrastructure Investment Bank: New Financial Initiatives in the Asia-Pacific Region
Abstract: To provide sustainable economic growth and stability of development countries in Asia-Pacific are making active efforts to create the mechanisms for overcoming crises, which encourages the processes of regional integration. The article gives an assessment regarding development of a new and the most debatable direction of the regional integration called financial regionalism. A special attention is paid to the latest regional financial initiative put forward by China (that is the initiative to create the Asian Infrastructure Investment Bank) as regards the analysis of the main idea of creation, stated objectives and issues to solve. The author makes judgements about theoretical and historical prerequisites of development of regional financial initiatives, directions of formation and conceptions of development of financial regionalism in the Asia-Pacific region.
Classification-JEL: F21, F36, F37
Keywords: economic integration, economic regionalism, financial regionalism, financial institutions, investments, Asian Infrastructure Investment Bank (AIIB), Asia-Pacific region, ASEAN
Journal: Finansovyj žhurnal — Financial Journal
Pages: 23-32
Issue: 1
Year: 2016
Month: February
File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/1/stftii_1/fm_2016_1__02.pdf
File-Format: Application/pdf
Handle: RePEc:fru:finjrn:160102:p:23-32