Financial Cold War: A View of Sino-US Relations from the Financial Markets

ISBN-13: 9781119862765 / Angielski / Twarda / 2021 / 512 str.

James A. Fok

Spis treści

Preface xiAcknowledgements xixAbbreviations xxiiiChapter 1 Introduction 1Legacy of the GFC 5Modern History of Sino-US Relations 6The Financial Roots of Sino-US Conflict 11The Financial Path Out of Conflict 15Part One The Colour Of Money Turns Green 17Chapter 2 How the US Dollar Took Over the World 19An Ad Hoc Position 21The Barbarous Relic 24Two Competing Plans 30A British Innovation 34The Coupon Express 36Plumbing the World's Financial Markets 42Niksonu Shokku 47Volatility 51'Risk Free' Assets 57Boom and Bust 62Chapter 3 Whose Problem? 65The Unipolar Moment 69The Almighty Mr. Market 74Emerging Markets Crises 84The Weakest Link 98The Music Stops 102Anyone for Tea? 108A Tipping Point? 113Part Two Capitalism With Chinese Characteristics 123Chapter 4 From First World to Third and Back Again 125Maritime Power 131The Milk of Paradise 135Wars and Revolutions 147A Leap into the Abyss 156Herding Cats 161Crackdown 172Journeys to the South 177A New Path 181The Bird's Nest 187Chapter 5 Two Steps Forward, One Step Back 192Going Public 197The Protection Racket 206The Price of Money 212Still Building, But Will They Come? 221Alien Attack 228Who Will Look After Grandma? 237Connecting China and the World 242Can't Buy Me Love 262Part Three The Financial Cold War 271Chapter 6 A New Cold War? 273A Close Call 277Fly Me to the Moon 279Tax Me If You Can 284A War of Words? 291Geo-economicWarfare 294Chapter 7 The Role of Markets in the 21st Century 307Selective Efficiency 310What Happens When Competition Dies 313Wrong Incentives 318Bubbles and Cycles 321Funny Money 328We're All in the Same Boat 342Chapter 8 Avoiding the Thucydides Trap 343Admitting the Problems 345A New Bretton Woods? 350MAD for Markets 362It All Starts with Leadership 365Afterword 369Cast of Characters 381Bibliography 399Notes 423Index 453

O autorze

James A. Fok is a veteran financial and strategic advisor to corporations and governments. He served as a senior executive at Hong Kong Exchanges and Clearing (HKEX) during a decade of rapid internationalisation in China's capital markets. Prior to that, he worked as an investment banker specialising in the financial services sector.