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Asian Infrastructure Investment Bank and its Role at Regional and Global Levels

Author

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  • Edith Mihaela Dobre
  • Emilian M. Dobrescu

Abstract

The main objective of this paper is to highlight the setting up and functioning principles of the AIIB, the rationales of its foundation and motivations of the 57 participating countries to join China. At the same time, the authors bring to the forefront a new way identified by emerging economies to mitigate the asymmetries of international financial system: the launch of new multilateral development institutions.

Suggested Citation

  • Edith Mihaela Dobre & Emilian M. Dobrescu, 2015. "Asian Infrastructure Investment Bank and its Role at Regional and Global Levels," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 7(4).
    • Handle: RePEc:iem:journl:v:4:y:2015:id:2822000009561067
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/227/285
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    More about this item

    Keywords

    Multilateral development banks (MDB); China; Asian Infrastructure Investment Bank (AIIB); Asian Development Bank (ADB); World Bank; International Monetary Fund (IMF); standards;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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