This paper provides a new perspective of fiscal sustainability and financial globalization in emerging and industrial … countries. We highlight the importance of global capital market shocks for fiscal sustainability, a relationship which has … and debt is conditional upon a global factor and we suggest that this global factor is related to world-wide liquidity. We …

This paper provides a new perspective of fiscal sustainability and financial globalization in emerging and industrial … countries. We highlight the importance of global capital market shocks for fiscal sustainability, a relationship which has … and debt is conditional upon a global factor and we suggest that this global factor is related to world-wide liquidity. We …

Chapter 1. Introduction -- Chapter 2. China’s four decades of reforms and development -- Chapter 3. China’s new style …’ initiative -- Chapter 5. China’s financial deepening and its ‘Belt and Road’ funding dilemma in a global context -- Chapter 6 …This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an …