{"id":"https://openalex.org/W1968481359","doi":"https://doi.org/10.1080/13563467.2013.736958","title":"Foreign Exchange Accumulation and the Entrapment of Chinese Monetary Power: Towards a Balanced Growth Regime?","display_name":"Foreign Exchange Accumulation and the Entrapment of Chinese Monetary Power: Towards a Balanced Growth Regime?","publication_year":2013,"publication_date":"2013-01-09","ids":{"openalex":"https://openalex.org/W1968481359","doi":"https://doi.org/10.1080/13563467.2013.736958","mag":"1968481359"},"language":"en","primary_location":{"id":"doi:10.1080/13563467.2013.736958","doi":"https://doi.org/10.1080/13563467.2013.736958","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13563467.2013.736958","pdf_url":null,"source":{"id":"https://openalex.org/S146242404","display_name":"New Political Economy","issn_l":"1356-3467","issn":["1356-3467","1469-9923"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"New Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069765599","display_name":"Mattias Vermeiren","orcid":"https://orcid.org/0000-0003-4292-0270","observed_orcids":["https://orcid.org/0000-0003-4292-0270"]},"institutions":[{"id":"https://openalex.org/I32597200","display_name":"Ghent University","ror":"https://ror.org/00cv9y106","country_code":"BE","type":"education","lineage":["https://openalex.org/I32597200"]}],"countries":["BE"],"is_corresponding":true,"raw_author_name":"Mattias Vermeiren","raw_affiliation_strings":["Ghent University","Ghent Institute for International Studies, Department of Political Science , Ghent University , Universiteitstraat 8, Ghent , 9000 , Belgium"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ghent University","institution_ids":["https://openalex.org/I32597200"]},{"raw_affiliation_string":"Ghent Institute for International Studies, Department of Political Science , Ghent University , Universiteitstraat 8, Ghent , 9000 , Belgium","institution_ids":["https://openalex.org/I32597200"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5069765599"],"corresponding_institution_ids":["https://openalex.org/I32597200"],"apc_list":null,"apc_paid":null,"fwci":4.6647,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.94345083,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"18","issue":"5","first_page":"680","last_page":"714"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5630000233650208,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.5630000233650208,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.4058000147342682,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10628","display_name":"China's Socioeconomic Reforms and Governance","score":0.009999999776482582,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-exchange-reserves","display_name":"foreign exchange reserves","score":0.9020000100135803},{"id":"https://openalex.org/keywords/entrapment","display_name":"entrapment","score":0.7670000195503235},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.796999990940094},{"id":"https://openalex.org/keywords/fixed-asset-investment","display_name":"fixed asset investment","score":0.875},{"id":"https://openalex.org/keywords/export-dependence","display_name":"export dependence","score":0.5210000276565552},{"id":"https://openalex.org/keywords/financial-repression","display_name":"financial repression","score":0.9539999961853027},{"id":"https://openalex.org/keywords/investment-led-growth","display_name":"investment-driven growth","score":0.7599999904632568},{"id":"https://openalex.org/keywords/household-consumption","display_name":"household consumption","score":0.6919999718666077},{"id":"https://openalex.org/keywords/income-redistribution","display_name":"income redistribution","score":0.8690000176429749},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.4410000145435333}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6927233934402466},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.5718814730644226},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5182916522026062},{"id":"https://openalex.org/C121232785","wikidata":"https://www.wikidata.org/wiki/Q317617","display_name":"Foreign-exchange reserves","level":3,"score":0.5078783631324768},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.49155983328819275},{"id":"https://openalex.org/C65414064","wikidata":"https://www.wikidata.org/wiki/Q484105","display_name":"Autonomy","level":2,"score":0.48662862181663513},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.4739137887954712},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.4702177047729492},{"id":"https://openalex.org/C121426985","wikidata":"https://www.wikidata.org/wiki/Q591763","display_name":"Private sector","level":2,"score":0.4590953290462494},{"id":"https://openalex.org/C74080474","wikidata":"https://www.wikidata.org/wiki/Q7305975","display_name":"Redistribution (election)","level":3,"score":0.44253721833229065},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.4330781400203705},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.4276975989341736},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4256129264831543},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.3802817165851593},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.25131452083587646},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.10626757144927979},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.07732051610946655},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/13563467.2013.736958","doi":"https://doi.org/10.1080/13563467.2013.736958","is_oa":false,"landing_page_url":"https://doi.org/10.1080/13563467.2013.736958","pdf_url":null,"source":{"id":"https://openalex.org/S146242404","display_name":"New Political Economy","issn_l":"1356-3467","issn":["1356-3467","1469-9923"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"New Political Economy","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:cnpexx:v:18:y:2013:i:5:p:680-714","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/13563467.2013.736958","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:archive.ugent.be:2985804","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/1854/LU-2985804","pdf_url":null,"source":{"id":"https://openalex.org/S4306400478","display_name":"Ghent University Academic Bibliography (Ghent University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I32597200","host_organization_name":"Ghent University","host_organization_lineage":["https://openalex.org/I32597200"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"ISSN: 1356-3467","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":116,"referenced_works":["https://openalex.org/W158445006","https://openalex.org/W184499414","https://openalex.org/W298841827","https://openalex.org/W332443976","https://openalex.org/W561229196","https://openalex.org/W563409188","https://openalex.org/W584069860","https://openalex.org/W656519493","https://openalex.org/W657042350","https://openalex.org/W1020353806","https://openalex.org/W1482014731","https://openalex.org/W1482307688","https://openalex.org/W1489063746","https://openalex.org/W1497626405","https://openalex.org/W1518228720","https://openalex.org/W1521875108","https://openalex.org/W1535031991","https://openalex.org/W1543491517","https://openalex.org/W1563391080","https://openalex.org/W1566953094","https://openalex.org/W1576977841","https://openalex.org/W1589504572","https://openalex.org/W1601372695","https://openalex.org/W1642634312","https://openalex.org/W1672202582","https://openalex.org/W1771238568","https://openalex.org/W1846138045","https://openalex.org/W1964153548","https://openalex.org/W1964192717","https://openalex.org/W1969856890","https://openalex.org/W1970495992","https://openalex.org/W1971060646","https://openalex.org/W1972274385","https://openalex.org/W1974052024","https://openalex.org/W1976934685","https://openalex.org/W1987050982","https://openalex.org/W1988596537","https://openalex.org/W1997316900","https://openalex.org/W1997633453","https://openalex.org/W1999630291","https://openalex.org/W2003236445","https://openalex.org/W2005391437","https://openalex.org/W2005461662","https://openalex.org/W2006196776","https://openalex.org/W2007353372","https://openalex.org/W2011316650","https://openalex.org/W2018045593","https://openalex.org/W2018966071","https://openalex.org/W2019134033","https://openalex.org/W2019509156","https://openalex.org/W2024633538","https://openalex.org/W2028895778","https://openalex.org/W2033464334","https://openalex.org/W2044055733","https://openalex.org/W2053225353","https://openalex.org/W2058653392","https://openalex.org/W2061526820","https://openalex.org/W2065231948","https://openalex.org/W2067303927","https://openalex.org/W2067546838","https://openalex.org/W2068890713","https://openalex.org/W2071657647","https://openalex.org/W2072068997","https://openalex.org/W2074391015","https://openalex.org/W2075588893","https://openalex.org/W2081729039","https://openalex.org/W2084950254","https://openalex.org/W2093526260","https://openalex.org/W2099737377","https://openalex.org/W2100822666","https://openalex.org/W2103779660","https://openalex.org/W2107727650","https://openalex.org/W2109349671","https://openalex.org/W2110183384","https://openalex.org/W2110931344","https://openalex.org/W2119351650","https://openalex.org/W2124021811","https://openalex.org/W2126812868","https://openalex.org/W2130227914","https://openalex.org/W2135055404","https://openalex.org/W2135554620","https://openalex.org/W2140731018","https://openalex.org/W2142025398","https://openalex.org/W2151008424","https://openalex.org/W2152780615","https://openalex.org/W2153367223","https://openalex.org/W2154743874","https://openalex.org/W2159582806","https://openalex.org/W2160803032","https://openalex.org/W2162317532","https://openalex.org/W2163425131","https://openalex.org/W2167647513","https://openalex.org/W2168766030","https://openalex.org/W2202282170","https://openalex.org/W2216381389","https://openalex.org/W2326523143","https://openalex.org/W2485118647","https://openalex.org/W2889453469","https://openalex.org/W2889982398","https://openalex.org/W2964510282","https://openalex.org/W3023388929","https://openalex.org/W3023420682","https://openalex.org/W3121218628","https://openalex.org/W3122064877","https://openalex.org/W3122112451","https://openalex.org/W3122349623","https://openalex.org/W3122393388","https://openalex.org/W3122862660","https://openalex.org/W3123183009","https://openalex.org/W3124020521","https://openalex.org/W3124918824","https://openalex.org/W3125151059","https://openalex.org/W3143281068","https://openalex.org/W3148062605","https://openalex.org/W4231614249","https://openalex.org/W4299345683"],"related_works":["https://openalex.org/W2484302885","https://openalex.org/W2350916860","https://openalex.org/W2014071447","https://openalex.org/W2360184794","https://openalex.org/W2756024778","https://openalex.org/W2036449601","https://openalex.org/W2360772736","https://openalex.org/W1973711828","https://openalex.org/W7154984084","https://openalex.org/W2385061224"],"abstract_inverted_index":{"This":[0,53],"article":[1,54],"criticises":[2],"the":[3,29,40,46,59,67,96,123,127,134,155,172,183],"notion":[4],"that":[5,20,63,116,168],"China's":[6,21,83,150],"foreign":[7,100,140],"exchange":[8,101,141],"reserves":[9],"have":[10,18,180],"strengthened":[11],"its":[12,33,50,80,159],"monetary":[13,23,85,152],"power.":[14],"While":[15],"some":[16],"scholars":[17],"argued":[19],"international":[22],"influence":[24],"has":[25,104],"been":[26,105],"\u2018entrapped\u2019":[27],"by":[28,107,143],"domestic":[30,76],"interests":[31,138],"of":[32,58,61,70,120,158,187],"export":[34,41,93],"sector,":[35,174],"a":[36,108,118,145],"one-sided":[37],"focus":[38],"on":[39,49],"sector":[42,125],"fails":[43],"to":[44,66,98,126,179,190],"identify":[45],"significant":[47],"constraints":[48],"macroeconomic":[51,184],"autonomy.":[52],"proposes":[55],"an":[56,164],"extension":[57],"concept":[60],"entrapment":[62],"draws":[64],"attention":[65],"key":[68,170],"role":[69],"state-owned":[71],"enterprises":[72],"(SOEs)":[73],"and":[74,95,113,154,196],"their":[75],"fixed-asset":[77,111],"investment":[78,112],"in":[79,139],"growth":[81,166,192],"regime:":[82],"external":[84,151],"dependency":[86,94],"\u2013":[87,103],"which":[88],"is":[89,177],"understood":[90],"as":[91],"both":[92],"need":[97],"maintain":[99],"accumulation":[102,142],"caused":[106],"disparity":[109],"between":[110,149],"private":[114,199],"consumption":[115],"reflects":[117],"redistribution":[119],"income":[121],"from":[122,194],"household":[124],"SOE":[128,135,173],"sector.":[129],"In":[130],"particular,":[131],"I":[132],"expose":[133],"sector's":[136],"rising":[137],"uncovering":[144],"mutually":[146],"reinforcing":[147],"dynamic":[148,176],"dependence":[153],"financial":[156],"repression":[157],"banking":[160],"system.":[161],"By":[162],"entrenching":[163],"investment-led":[165],"regime":[167],"provides":[169],"benefits":[171],"this":[175],"found":[178],"seriously":[181],"constrained":[182],"policy":[185],"autonomy":[186],"Chinese":[188],"authorities":[189],"rebalance":[191],"away":[193],"investments":[195],"exports":[197],"towards":[198],"consumption.":[200]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}