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000761048 019__ $$a959590480
000761048 020__ $$a9781137534019$$q(electronic book)
000761048 020__ $$a113753401X$$q(electronic book)
000761048 020__ $$z9781137534002
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000761048 050_4 $$aHG187.C6
000761048 08204 $$a332.1/0951$$223
000761048 1001_ $$aArmstrong-Taylor, Paul,$$eauthor.
000761048 24510 $$aDebt and distortion :$$brisks and reforms in the Chinese financial system /$$cPaul Armstrong-Taylor.
000761048 264_1 $$aLondon :$$bPalgrave Macmillan,$$c[2016]
000761048 300__ $$a1 online resource.
000761048 336__ $$atext$$btxt$$2rdacontent
000761048 337__ $$acomputer$$bc$$2rdamedia
000761048 338__ $$aonline resource$$bcr$$2rdacarrier
000761048 347__ $$adata file$$2rda
000761048 504__ $$aIncludes bibliographical references and index.
000761048 5050_ $$aPART I. CURRENT ECONOMIC MODEL.-1. Growth model -- 2. Financial risks.-3.Financial repression -- 4. Government guarantees -- 5. International distortions -- 6. Overview -- PART II. DOMESTIC REFORMS -- 7. Banking. 8. Shadow banking.-9. Stock markets.' 10. Bond markets -- 11. Local government debt -- 12. Real estate market -- PART III. INTERNATIONAL REFORMS -- 13. Exchange rate liberalization -- 14. Renminbi internationalization -- 15. Capital account liberalization -- 16. Asian Infrastructure Investment Bank and the New Silk Road -- PART IV. POLITICS -- 17. Political conflicts over reforms -- 18. Strategies to overcome opposition to reform -- PART V. RISKS AND CONSEQUENCES -- 19. Domestic risks -- 20. International consequences of reform -- 21. The Future.-.
000761048 506__ $$aAccess limited to authorized users.
000761048 520__ $$aChina’s unprecedented growth has transformed the lives of its people and impacted economies across the globe. The financial system supported this growth by providing cheap loans to boost investment and, in a virtuous cycle, rapid growth insured that these loans could be repaid. However, in recent years, this virtuous cycle has turned vicious. The financial system has continued to lend freely and cheaply as the economy has slowed, and the risk of crisis has mounted. In response, the government has initiated the most ambitious financial reforms in twenty years. Financial markets, businesses and governments are concerned about these risks and are struggling to understand what the reforms will mean for China and the rest of the world. Debt and Distortion: Risks and Reforms in the Chinese Financial System addresses the need for an up-to-date and accessible, yet comprehensive analysis of China’s financial system and related reforms. It will take a systematic look at China’s financial system: how it worked in the past and how it will work in the future; why reforms are needed; what risks they bring; and their impact on China and the rest of the world. By analyzing the topic in terms of a few fundamental distortions, this book makes an otherwise complex topic accessible while simultaneously providing new insights. These distortions provide a simple framework for understanding the nature of the Chinese financial system and its future prospects. Reform in China will transform the world’s second largest economy and impact everything from Peruvian copper mines to the London housing market. Business people, government officials, financiers and informed citizens would all benefit from understanding how changes in China’s financial system will shape the global economy in the coming decades. .
000761048 588__ $$aOnline resource; title from PDF title page (EBSCO, viewed September 6, 2016).
000761048 650_0 $$aFinancial institutions$$zChina.
000761048 650_0 $$aDebt$$zChina.
000761048 651_0 $$aChina$$xEconomic conditions$$y2000-
000761048 852__ $$bebk
000761048 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1057/978-1-137-53401-9$$zOnline Access$$91397441.1
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000761048 980__ $$aBIB
000761048 982__ $$aEbook
000761048 983__ $$aOnline
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