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Will the AIIB and the NDB Help Reform Multilateral Development Banking?

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  • Reisen, Helmut

Abstract

What will be the future impact of the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), two multilateral banks created in 2014 outside the established Bretton Woods system, on multilateral lending shares?

Suggested Citation

  • Reisen, Helmut, 2015. "Will the AIIB and the NDB Help Reform Multilateral Development Banking?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 6(3), pages 297-304.
    • Handle: RePEc:zbw:espost:121870
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    References listed on IDEAS

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    1. Chelsky, Jeff & Morel, Claire & Kabir, Mabruk, 2013. "Investment Financing in the Wake of the Crisis: The Role of Multilateral Development Banks," World Bank - Economic Premise, The World Bank, issue 121, pages 1-5, June.
    2. Erdem, Orhan & Varli, Yusuf, 2014. "Understanding the sovereign credit ratings of emerging markets," Emerging Markets Review, Elsevier, vol. 20(C), pages 42-57.
    3. Jeff Chelsky & Claire Morel & Mabruk Kabir, 2013. "Investment Financing in the Wake of the Crisis," World Bank Publications - Reports 22619, The World Bank Group.
    4. Yasuyuki Sawada, 2014. "Japan's Strategy for Economic Cooperation with Asian Countries," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 10(1), pages 53-76, March.
    5. Myriam Dahman Saidi & Christina Wolf, 2011. "Recalibrating Development Co-operation: How Can African Countries Benefit from Emerging Partners?," OECD Development Centre Working Papers 302, OECD Publishing.
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    Cited by:

    1. Bernhard Reinsberg & Sebastian Dellepiane, 2022. "Development co‐operation by European regions: Introducing the subnational donor governance dataset," Development Policy Review, Overseas Development Institute, vol. 40(6), November.
    2. Garroway, Christopher & Reisen, Helmut, 2015. "Financing global development: Beware of ‘end poverty’ euphoria and trigger-happy reform of concessional finance," Briefing Papers 12/2015, German Institute of Development and Sustainability (IDOS).
    3. Andrew F. Cooper, 2017. "The BRICS’ New Development Bank: Shifting from Material Leverage to Innovative Capacity," Global Policy, London School of Economics and Political Science, vol. 8(3), pages 275-284, September.
    4. Fang Ye, 2023. "The New Development Bank and the structure of the multilateral development financial system," Review of Development Economics, Wiley Blackwell, vol. 27(3), pages 1957-1972, August.
    5. Stuart Shields, 2020. "The EBRD, fail forward neoliberalism and the construction of the European periphery," The Economic and Labour Relations Review, , vol. 31(2), pages 230-248, June.
    6. Hongying Wang, 2019. "The New Development Bank and the Asian Infrastructure Investment Bank: China's Ambiguous Approach to Global Financial Governance," Development and Change, International Institute of Social Studies, vol. 50(1), pages 221-244, January.
    7. Hai Yang, 2023. "Rhetorical coercion, institutional legitimacy and the creation of the Asian Infrastructure Investment Bank," Global Policy, London School of Economics and Political Science, vol. 14(5), pages 730-741, November.
    8. Naoyuki Yoshino & Monzur Hossain & Farhad Taghizadeh-Hesary, 2020. "Enhancing Financial Connectivity Between Asia and Europe: Implications for Infrastructure Convergence Between the Two Regions," Asian Economic Papers, MIT Press, vol. 19(2), pages 84-101, Summer.
    9. Mingchun Cao & Ilan Alon, 2020. "Intellectual Structure of the Belt and Road Initiative Research: A Scientometric Analysis and Suggestions for a Future Research Agenda," Sustainability, MDPI, vol. 12(17), pages 1-40, August.
    10. Hang Luo & Lize Yang, 2021. "Equality and Equity in Emerging Multilateral Financial Institutions: The Case of the BRICS Institutions," Global Policy, London School of Economics and Political Science, vol. 12(4), pages 482-508, September.
    11. Salvatore Babones & John H.S. Åberg & Obert Hodzi, 2020. "China's Role in Global Development Finance: China Challenge or Business as Usual?," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 326-335, May.
    12. Eugenia C. Heldt & Thomas Dörfler, 2022. "Orchestrating private investors for development: How the World Bank revitalizes," Regulation & Governance, John Wiley & Sons, vol. 16(4), pages 1382-1398, October.
    13. Gregory T. Chin, 2024. "Introduction – The evolution of New Development Bank (NDB): A decade plus in the making," Global Policy, London School of Economics and Political Science, vol. 15(2), pages 368-382, May.
    14. Hang Luo & Lize Yang & Kourosh Houshmand, 2021. "Power Structure Dynamics in Growing Multilateral Development Banks: The Case of the Asian Infrastructure Investment Bank," Global Policy, London School of Economics and Political Science, vol. 12(1), pages 24-39, February.
    15. Gu, Jing & Renwick, Neil & Xue, Lan, 2018. "The BRICS and Africa's search for green growth, clean energy and sustainable development," Energy Policy, Elsevier, vol. 120(C), pages 675-683.

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    More about this item

    Keywords

    Global financial architecture; Multilateral Development Banking;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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