Macro Financial Linkage And Financial Deepening In China After The Global Financial Crisis

Macro financial Linkage and Financial Deepening in China After the Global Financial Crisis PDF
Author: Kumiko Okazaki
Publisher:
ISBN:
Category : China
Languages : un
Pages : 30

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Macro Financial Linkage And Financial Deepening In China After The Global Financial Crisis

by Kumiko Okazaki, Macro Financial Linkage And Financial Deepening In China After The Global Financial Crisis Books available in PDF, EPUB, Mobi Format. Download Macro Financial Linkage And Financial Deepening In China After The Global Financial Crisis books, As China's economic integration with the global economy deepens, the amount of capital flow to/from China has been increasing significantly, especially since it joined the WTO. In spite of such environment, the recent global financial crisis has not severely affected the Chinese financial markets because of China's relatively strict control of cross-border capital transactions and its strong economic and financial fundamentals. The government's stimulus policies worked effectively to realize a quick recovery of the country's economic growth. However, on the horizon, the factors that protected the Chinese economy during the crisis also seem to carry with them substantial risks and challenges to its sustainable growth. This paper reviews the factors that have kept the Chinese economy and financial markets relatively stable and analyzes the recent changes in China's macro financial linkage overseas, and highlights the challenges that China faces in realizing a sustainable and efficient economic development.



The State Strikes Back

The State Strikes Back PDF
Author: Nicholas R. Lardy
Publisher:
ISBN: 9780881327373
Category : Business & Economics
Languages : un
Pages : 200

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The State Strikes Back

by Nicholas R. Lardy, The State Strikes Back Books available in PDF, EPUB, Mobi Format. Download The State Strikes Back books, "The State Strikes Back: The End of Economic Reform in China? examines the reassertion of state control over the Chinese economy, away from the private sector, with an additional focus on why this trend is impeding the country's potential for future economic growth"--



China And The Global Economic Crisis

China And The Global Economic Crisis PDF
Author: Yongnian Zheng
Publisher: World Scientific
ISBN: 9814466638
Category : Political Science
Languages : un
Pages : 308

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China And The Global Economic Crisis

by Yongnian Zheng, China And The Global Economic Crisis Books available in PDF, EPUB, Mobi Format. Download China And The Global Economic Crisis books, The current global financial turmoil, triggered by the US subprime crisis, has spread quickly and resulted in the worst global economic crisis since the 1930s. As the world's third largest economy and the second largest trading nation, China is inevitably affected seriously. How China responds to the crisis and how effective its measures are in sustaining a healthy growth will have important implications, both domestically and internationally.The chapters in this volume are divided into five sections. Section one examines the overall impact of the global economic crisis and the responses of the Chinese government. Section two studies the regional aspect of the economy affected by the crisis. Section three explores such economies of the Mainland's southern neighbors as Hong Kong, Macao and Taiwan, and the prospect of China's trade. Section four surveys the impact on the ideological and social aspects of the country. Section five concludes with an assessment of China's external policies. The volume offers a comprehensive and in-depth assessment of the impact of the crisis and the measures of the Chinese government to overcome the difficulties.



China S Response To The Global Financial Crisis Examining The Incentives Behind China S Stimulus Package Economic Social And Political Argument I

China s Response to the Global Financial Crisis  Examining the Incentives Behind China s Stimulus Package   Economic  Social  and Political Argument I PDF
Author: U. S. Military
Publisher: Independently Published
ISBN: 9781720041542
Category : Business & Economics
Languages : un
Pages : 86

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China S Response To The Global Financial Crisis Examining The Incentives Behind China S Stimulus Package Economic Social And Political Argument I

by U. S. Military, China S Response To The Global Financial Crisis Examining The Incentives Behind China S Stimulus Package Economic Social And Political Argument I Books available in PDF, EPUB, Mobi Format. Download China S Response To The Global Financial Crisis Examining The Incentives Behind China S Stimulus Package Economic Social And Political Argument I books, This thesis examines the incentives behind China's decision to implement its aggressive $585 billion economic stimulus package in response to the global financial crisis, or GFC. The thesis assesses the explanatory power of economic, social, and political causal factors to explain China's decision. The main finding of this thesis combines all three factors to demonstrate that China's stimulus package was most likely implemented because the Chinese Communist Party (CCP) perceived that it was necessary to protect its regime. The economic argument demonstrates how China's government had to resort to an investment-led stimulus plan to generate economic growth through domestic demand after the GFC severely damaged China's export sector. The social argument establishes how tens of millions of people left unemployed by the GFC felt marginalized by the government due to the country's inequitable economic growth, which was perceived to have primarily benefitted the regime. This increased the potential for social instability, which would have been directed at the CCP. Lastly, the political argument determines how the regime was under significant political pressure to meet domestic and international expectations to sustain economic growth throughout the GFC. These findings underscore how the CCP prioritizes regime survival over long-term economic development. Prior to the 2008 global financial crisis, China was in the process of enacting significant reforms designed to improve the efficiency of its market economy. Among these reform efforts, China forced its inefficient state-owned enterprises to downsize, furloughed millions of state workers, and spent trillions of yuan to restructure and improve the solvency of its banking sector. In response to the crisis, China initially implemented an aggressive 4 trillion yuan (over $585 billion) economic stimulus package in November 2008, which ballooned to over double that amount (or nearly triple by some accounts) by 2010. China's stimulus package was among the fastest issued and largest in size in the world, helping its country to sustain economic growth while most other countries endured deep recession. Funds from the stimulus package were primarily allocated to large infrastructure projects that would employ millions of laid off workers. Although the stimulus package provided a temporary economic boost within China, it impeded the progress of its previous reform efforts well after the crisis subsided. The package's loose monetary policy and increased bank credit, coupled with urgent state messages to spend, implanted a moral hazard into the banking sector, reversed efforts to make state-owned enterprises more efficient, and made China's economy increasingly reliant on investment



The Financial Implications Of China S Belt And Road Initiative

The Financial Implications of China   s Belt and Road Initiative PDF
Author: Piotr Łasak
Publisher: Springer Nature
ISBN: 3030301184
Category : Business & Economics
Languages : un
Pages : 189

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The Financial Implications Of China S Belt And Road Initiative

by Piotr Łasak, The Financial Implications Of China S Belt And Road Initiative Books available in PDF, EPUB, Mobi Format. Download The Financial Implications Of China S Belt And Road Initiative books, This book systematically discusses the contribution of the Belt and Road Initiative (BRI) to China’s transition from an emerging to an advanced economic and financial system after more than five years. From a historical perspective, it explains to what extent the BRI plan is effective enough to help China bounce back from its economic slowdown and the financial implications in a policy trilemma context. Further, it investigates both the rationale of the BRI and its pitfalls, focusing on the various options for financing the project based on the Mundell & Fleming model. The book also analyses the impact of the BRI as well as possible policy options to deal with China’s policy trilemma in a structurally more balanced “new normal” economic growth model. Lastly, it reviews the financial stability issues concerning liberalization policies in China.



The China Crisis

The China Crisis PDF
Author: James R. Gorrie
Publisher: John Wiley & Sons
ISBN: 1118470788
Category : Business & Economics
Languages : un
Pages : 304

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The China Crisis

by James R. Gorrie, The China Crisis Books available in PDF, EPUB, Mobi Format. Download The China Crisis books, A controversial look at the impending Chinese economiccollapse—the history behind it, its contemporary causes, andits dire implications for the global economy All the experts agree: the 21st century belongs to China. GivenAmerica's looming insolvency and the possibility of the collapse ofthe U.S. dollar, who can doubt that China is poised to take overthe role of economic superpower? Written by political economist andleading financial journalist James Gorrie, this book offers ahighly controversial, contrarian view of contemporary China.Drawing upon a wealth of historical and up-to-the-minute data,Gorrie makes a strong case that China, itself, is on the verge ofan economic crisis of epic proportions. He explains how, caught ina recurrent boom/bust cycle that has played itself out severaltimes over the past sixty years, China is again approaching totaleconomic and social collapse. But with one important differencethis time: they may very well take the entire global economy downwith them. Explores the Chinese communist party's unfortunate history ofmaking costly and very bloody mistakes on an enormous scale One-by-one Gorrie analyzes those critical mistakes and explainshow they may lead to economic collapse in China and globaldepression Describes Chinese "cannibal capitalism," and where its massiveabuse of the country's environment, people, and arable lands isleading that country and the world economy Chronicles China's history of recurring economic crisis andexplains why all the evidence suggests that history is about torepeat itself



Dieses Mal Ist Alles Anders

Dieses Mal ist alles anders PDF
Author: Kenneth S. Rogoff
Publisher: FinanzBuch Verlag
ISBN: 3960927800
Category : Business & Economics
Languages : de
Pages : 528

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Dieses Mal Ist Alles Anders

by Kenneth S. Rogoff, Dieses Mal Ist Alles Anders Books available in PDF, EPUB, Mobi Format. Download Dieses Mal Ist Alles Anders books, Dieses Mal ist alles anders, dieses Mal kann es gar nicht so schlimm werden wie beim letzten Mal. Denn dieses Mal steht die Wirtschaft auf soliden Füßen und außerdem gibt es diesmal viel bessere Kontrollmechanismen als beim letzten Mal. Wann immer es in der Geschichte der Menschheit zu Krisen kam, diese oder ähnliche Sätze waren jedes Mal zu hören. Doch was ist dran an derartigen Behauptungen? Nicht besonders viel, haben Kenneth Rogoff und Carmen Reinhart herausgefunden. In akribischer Arbeit haben die beiden Autoren die Finanzkrisen der letzen acht Jahrhunderte in über 66 Ländern analysiert. In sechs Abschnitten stellen Reinhart und Rogoff ihre Untersuchungsergebnisse vor, beginnend bei den zugrundeliegenden theoretischen Ansätzen. Darauf basieren die folgenden Kapitel, in denen Auslands- und Inlandsschuldenkrisen sowie Bankenkrisen abgehandelt werden. Der vierte Abschnitt widmet sich dann auch der US-Subprimekrise und zeigt eindrucksvoll die Parallelen zu den vorhergegangenen Kapiteln. Zum Schluss ziehen die beiden Autoren die Lehren aus ihrer Untersuchung und kommen zu dem Ergebnis: Es ist dieses Mal eben doch nicht anders.



Apec And The Rise Of China

APEC and the Rise of China PDF
Author: Lok Sang Ho
Publisher: World Scientific
ISBN: 9814462535
Category : Political Science
Languages : un
Pages : 248

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Apec And The Rise Of China

by Lok Sang Ho, Apec And The Rise Of China Books available in PDF, EPUB, Mobi Format. Download Apec And The Rise Of China books, Intra-regional trade has been rising rapidly, especially after China's accession to the WTO in 2001. China's economy is expanding rapidly, and has already passed Japan in 2010 to become the world's second largest economy. It is clearly producing a huge impact on the world economy, and particularly on ASEAN countries. This is the appropriate time to take stock: what has APEC achieved so far? How is China's rapid growth shaping the course of economic integration and cooperation in the region? What is the future of APEC? This book is based on papers presented by scholars with expertise in the Asia Pacific region at a conference on “APEC at 20 and the Rise of China” organized by the APEC Centre of Lingnan University on 26–27 February 2010, and includes additional invited papers. Contents:APEC and the Rise of China: An Introduction (L S Ho & J Wong)Overview of Issues:Designing Asia-Pacific Economic Cooperation (C-P Chung)Rebalancing Relations between East Asian and trans-Pacific Institutions: Evolving Regional Architectural Features (Z-Y Pang)Role of China:Will China Become an Engine of Growth for the Region? (Y-P Huang)China's Economic Rise and Regional Trade (R Leal-Arcas)The Role of China in Asia-Pacific Trade Framework in the Context of APEC (E K-K Yeoh et al.)Monetary Integration and the Reform of the Reminbi:Towards an Effective (More or Less) Monetary Union in Asia (L S Ho)On the Reform of RMB Exchange Rate: A Middle Ground Solution (B Zhang & X-P Hua)The Future of APEC:Continuing the APEC Agenda and the Evolving Regional Institutional Architecture in the Context of an Emerging Asia (K G Tan & S W Chiang) Readership: Researchers and policy makers on APEC and China related issues; students in business, economics, and political science interested in regional issues. Keywords:APEC;China;Asia-Pacific Economic Cooperation;Intra-Regional Trade among APEC Countries;Economic Integration and Cooperation



China 2 0

China 2 0 PDF
Author: Marina Yue Zhang
Publisher: John Wiley & Sons
ISBN: 0470824239
Category : Business & Economics
Languages : un
Pages : 256

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China 2 0

by Marina Yue Zhang, China 2 0 Books available in PDF, EPUB, Mobi Format. Download China 2 0 books, Marina Zhang addresses her topic with vigor and a touch of involved passion that is often missing from the clinical analyses that frequent the China business bookshelves. The impact of technology on china's development and the way it is so thoroughly informing China's economic and social transformation is a significant insight which Ms. Zhang's book explores in well-researched detail and through fresh eyes. China 2.0 is a cogent and worthwhile addition to any china businessman's or scholar's bookshelf. - Clinton Dines, Former CEO, BHP Billiton China There is no lack of opinions about china, and certainly there is much information. Those that succeed know how to find information that is factual, rich and that can serve as a guide. That is what china 2.0 does. It is a resourceful guide for anyone looking for success in china's booming economy. - Scott Kronick, President, Ogilvy Public Relations Worldwide, Beijing Want to reach China's one billion consumers? then China 2.0 will be your indispensible guide to understanding this transforming giant, from leveraging Internet and Web 2.0 channels to working with China's emerging private capital markets. Don't venture into china without it! - Charlene Li, Partner, Altimeter Group, and Co-author of Groundswell A key question in china's evolution towards a fully modern economy is whether it can develop efficient and possibly new types of firm and new social institutions. This will depend heavily on how information comes to be handled. this pioneering book compellingly explores this highly significant new questions. - Gordon Redding, Professor of Asian Business, INSEAD, and Author of The Future of Chinese Capitalism The unique and compelling viewpoint offered by Marina Zhang on the changes in china, and the impact that new and emerging technologies are having in this transformation, makes China 2.0 a positive exception to the question of whether or not the world really needs another China business book. - Michael Ricks, CEO, Investor Growth capital Asia Limited and Former CEO, Ericsson China This book opens the lid on the new era that has begun inside China as it is transformed by the power of new technologies, led by Web 2.0. With insights that only an insider can bring, it deftly highlights the opportunities and challenges for business people, policymakers, researchers and students alike. If reading this book doesn't open your eyes, cause you to abandon old prejudices and lead you to redefine your responses to one of the most far-reaching developments in the world today, then nothing will! - Peter J. Williamson, Professor of International Management, Judge business School, University of Cambridge, and Author of Dragons at Your Door