DOES THE ASIAN INFRASTRUCTURE INVESTMENT BANK ADD ANYTHING NEW TO MULTILATERAL FINANCE IN ASIA?

Åsa Malmström Rognes ()
Additional contact information
Åsa Malmström Rognes: Department of Economic History, Uppsala University & The European Institute of Japanese Studies, Postal: Stockholm School of Economics, P.O. Box 6501, S-113 83 Stockholm, Sweden, https://www.hhs.se/en/Research/Institutes/EIJS/

No 244, EIJS Working Paper Series from Stockholm School of Economics, The European Institute of Japanese Studies

Abstract: This paper analyses the AIIB; its mandate, resources, governance and how it compares to the other multilateral development banks operating in Asia. When China proposed a new multilateral development bank in Asia devoted to infrastructure, there were numerous questions raised. These included whether there was really a need for another development bank, whether the new bank would have sufficiently high environmental and social safeguards and be as transparent as the existing ones. This examines the AIIB in comparison to the existing multilateral development banks in Asia and in particular the ADB with its emphasis on infrastructure. The paper finds that there is certainly a need for more funding but it isn’t clear that it is best met by another multilateral.

Keywords: Multilateral development banks; infrastructure development; development finance; Asian Infrastructure Investment Bank; Asian Development Bank; China; Japan (search for similar items in EconPapers)
JEL-codes: F35 N25 O19 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2017-12-01
New Economics Papers: this item is included in nep-cna and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
http://swopec.hhs.se/eijswp/papers/eijswp0244.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:eijswp:0244

Access Statistics for this paper

More papers in EIJS Working Paper Series from Stockholm School of Economics, The European Institute of Japanese Studies The European Institute of Japanese Studies, Stockholm School of Economics, P.O. Box 6501, 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Nanhee Lee ().