Too much fuss about China's new development bank
Wolff, Peter (2015)
The Current Column, 23. March 2015
Several European countries announced that they intend to become members of the Asian Infrastructure Investment Bank (AIIB). The founding of the AIIB may be interpreted as signalling the end of US hegemony within the international system of development banks. Equally, however, it could be understood as a step towards normalisation, that is, towards a greater degree of regionalisation in development financing.