Research Catalog
China's financial system : growth and inefficiency
- Title
- China's financial system : growth and inefficiency / Dominique De Rambures, Felipe Escobar Duenas
- Author
- Rambures, Dominique de
- Publication
- Cham, Switzerland : Palgrave Macmillan, [2017]
- ©2017
Items in the Library & Off-site
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1 Item
| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Use in library | HG3334 .R36 2017 | Off-site |
Details
- Additional Authors
- Duenas, Felipe Escobar
- Description
- xiii, 195 pages : illustrations; 22 cm
- Summary
- This book examines the volatile landscape of the Chinese economy and the barriers to its continuing development. The author argues that underlying inefficiencies in China's financial system currently prevent the further growth of its institutions and inhibit reform of monetary and fiscal policy. Rambures shows that, despite efforts to avoid a "middle income trap", such long-overdue structural reforms are still faced with strong resistance from both economic and political circles. Chapters discuss approaches in tackling the Chinese national debt, the recent stock exchange collapse and subsequent currency devaluation, declining trade surplus, the wariness of foreign investors and its negative impact on foreign exchange reserves, and the heavy burden of state-owned "zombie companies". The discussion positions current economic events within the context of China's transition from a foreign trade and investment-led economy to one that is propelled by domestic consumption, service industries and innovation. Crucially, Rambures also addresses financial trends with reference to pervasive long-term influencing factors such as an ageing population, increasing inequality, corruption, pollution and migration.
- Subject
- Since 2000
- Finance > China
- Banks and banking > China
- International business enterprises
- Finance, Public
- Risk management
- Risk Management
- Finances > Chine
- Entreprises multinationales
- Finances publiques
- Gestion du risque
- risk management
- Banks and banking
- Economic history
- Economic policy
- Finance
- Kreditmarkt
- Kreditwesen
- China > Economic conditions
- China > Economic policy > 2000-
- Chine > Conditions économiques
- Chine > Politique économique > 2000-
- China
- China
- Bibliography (note)
- Includes bibliographical references (pages 183-185) and index.
- Contents
- Introduction -- China's decision making system -- A non-independent central bank -- Chinese banks: between control and profitability -- Sidelined foreign banks -- Credit black market -- Fast growing internet banking and finance -- Government controlled financial institutions -- Under-developed financial markets -- An international non-convertible currency -- Conclusion.
- ISBN
- 9783319404509
- 3319404504
- OCLC
- ocn960194516
- 960194516
- SCSB-8813653
- Owning Institutions
- Princeton University Library