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China's Financial Transition at a Crossroads / ed. by Charles Calomiris.

Contributor(s): Material type: TextTextPublisher: New York, NY : Columbia University Press, [2007]Copyright date: ©2007Description: 1 online resource (432 p.) : 47 figures and 44 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780231141925
  • 9780231512091
Subject(s): DDC classification:
  • 330.951
LOC classification:
  • HG187.C6 C438 2007
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- List of Acronyms -- Acknowledgments -- Introduction -- 1. China's Financial Markets: An Overview -- 2. China's Banking Sector and Economic Growth -- 3. Understanding the Structure of Cross- Border Capital Flows: The Case of China -- 4. Financial Openness and the Chinese Growth Experience -- 5. The Effects of Stock Market Listing on the Financial Per for mance of Chinese Firms -- 6. China's Exchange Rate Regime: The Long and Short of It -- 7. China's Foreign Exchange Policy: What Will China Do? What Should China Do? -- Appendix 1 Regional Estimates of New Deposit and Loan Shares, and Nonperforming Loans -- Appendix 2. Evolution of Capital Controls in China -- List of Contributors -- Index
Summary: China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world?Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu. The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness. The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780231512091

Frontmatter -- Contents -- List of Acronyms -- Acknowledgments -- Introduction -- 1. China's Financial Markets: An Overview -- 2. China's Banking Sector and Economic Growth -- 3. Understanding the Structure of Cross- Border Capital Flows: The Case of China -- 4. Financial Openness and the Chinese Growth Experience -- 5. The Effects of Stock Market Listing on the Financial Per for mance of Chinese Firms -- 6. China's Exchange Rate Regime: The Long and Short of It -- 7. China's Foreign Exchange Policy: What Will China Do? What Should China Do? -- Appendix 1 Regional Estimates of New Deposit and Loan Shares, and Nonperforming Loans -- Appendix 2. Evolution of Capital Controls in China -- List of Contributors -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world?Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu. The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness. The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)