TY  - GEN
N2  - With $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. The Rise of the People's Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank's ascent to Beijing's policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC-benefitting from political patronage and perceptions of its unique professional competency-found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China's exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People's Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.
DO  - 10.4159/harvard.9780674073593
DO  - doi
AB  - With $4.5 trillion in total assets, the People's Bank of China now surpasses the U.S. Federal Reserve as the world's biggest central bank. The Rise of the People's Bank of China investigates how this increasingly authoritative institution grew from a Leninist party-state that once jealously guarded control of banking and macroeconomic policy. Relying on interviews with key players, this book is the first comprehensive and up-to-date account of the evolution of the central banking and monetary policy system in reform China. Stephen Bell and Hui Feng trace the bank's ascent to Beijing's policy circle, and explore the political and institutional dynamics behind its rise. In the early 1990s, the PBC-benefitting from political patronage and perceptions of its unique professional competency-found itself positioned to help steer the Chinese economy toward a more liberal, market-oriented system. Over the following decades, the PBC has assumed a prominent role in policy deliberations and financial reforms, such as fighting inflation, relaxing China's exchange rate regime, managing reserves, reforming banking, and internationalizing the renminbi. Today, the People's Bank of China confronts significant challenges in controlling inflation on the back of runaway growth, but it has established a strong track record in setting policy for both domestic reform and integration into the global economy.
T1  - The Rise of the People's Bank of China :The Politics of Institutional Change /
AU  - Bell, Stephen, 
JF  - Asian Studies Backlist (2000-2014) eBook Package
JF  - E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2013
JF  - E-BOOK PACKAGE HISTORY, POLITICAL SCIENCE, SOCIOLOGY  2013
JF  - E-BOOK PAKET GESCHICHTE, POLITIKWISS., SOZIOLOGIE  2013
JF  - HUP eBook-Package Backlist 2000-2013 (Canada)
JF  - Harvard University Press eBook Package Backlist 2000-2013
EP  - ZDB-23-DGG
EP  - ZDB-23-DPS
CN  - HG3336
LA  - eng
LA  - In English.
ID  - 1479196
KW  - Banks and banking
KW  - Monetary policy
KW  - BUSINESS & ECONOMICS / Money & Monetary Policy.
KW  - HISTORY / Asia / China .
KW  - POLITICAL SCIENCE / Economic Conditions.
SN  - 9780674073593
TI  - The Rise of the People's Bank of China :The Politics of Institutional Change /
LK  - https://univsouthin.idm.oclc.org/login?url=https://www.degruyter.com/isbn/9780674073593
UR  - https://univsouthin.idm.oclc.org/login?url=https://www.degruyter.com/isbn/9780674073593
ER  -