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Palgrave Macmillan

Financial Interdependence, Digitalization and Technological Rivalries

Perspectives on Future Cooperation and Integration in Sino-American Financial Systems

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  • © 2023

Overview

  • Provides a comparative analysis of the Chinese and American financial systems
  • Explores Sino-US economic and technological rivalries with a focus on the role of FinTech
  • Investigates the need for financial interdependence and cooperation between China and the US

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About this book

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.


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Keywords

Table of contents (12 chapters)

Authors and Affiliations

  • International Business, The Hague University of Applied Sciences, The Hague, The Netherlands

    René W.H. van der Linden

  • Institute of Economics, Finance and Management, Faculty of Management and Social Communication, Jagiellonian University, Kraków, Poland

    Piotr Łasak

About the authors

René W.H. van der Linden is a senior lecturer and researcher in Economics, Finance and Business Research at the International Business program of The Hague University of Applied Sciences in the Netherlands. He has more than thirty-five years of experience in teaching and research in the fields of economics and finance. His research interests, with practical applications in education, focus on topics in the field of international financial markets, banking and finance, international economics and doing business in Asia and the EU. He has published many papers on the topics mentioned above and, together with Piotr Łasak, published the Pivot The Financial Implications of China’s Belt and Road Initiative at Palgrave Macmillan in 2019.

Piotr Łasak is an Associate Professor at the Institute of Economics, Finance and Management at the Jagiellonian University in Krakow, Poland. His research focuses on topics related to international financial markets development, including financial market regulation and supervision, mechanisms of financial and currency crises, digitalization of the financial sector, and shadow banking system development (especially in China).


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