Horn, Sebastian; Reinhart, Carmen M.; Trebesch, Christoph - 2019 - This draft: July 3, 2019
Compared with China's dominance in world trade, its expanding role in global finance is poorly documented and … understood. Over the past decades, China has exported record amounts of capital to the rest of the world. Many of these financial … flows are not reported to the IMF, the BIS or the World Bank. "Hidden debts" to China are especially significant for about …
