Structure and Changes of China's Financial System e-bog
348,37 DKK
(inkl. moms 435,46 DKK)
By virtue of several theoretical models and hypotheses, this book is one of the earliest studies which systematically investigates the structure and changes of China's financial institutions. To begin with, it examines the relation between state utility function and China's economic growth, and reveals the formation and transition of China's state-owned financial institutional arrangements. Bas...
E-bog
348,37 DKK
Forlag
Routledge
Udgivet
11 maj 2018
Længde
152 sider
Genrer
1FPC
Sprog
English
Format
epub
Beskyttelse
LCP
ISBN
9781317479925
By virtue of several theoretical models and hypotheses, this book is one of the earliest studies which systematically investigates the structure and changes of China's financial institutions. To begin with, it examines the relation between state utility function and China's economic growth, and reveals the formation and transition of China's state-owned financial institutional arrangements. Based on this analysis, the author studies the influence of monetization on the arrangements, and the financial support to China's gradual reform which have long been neglected by researchers. Also, the model of money demand that can explain the specific conditions of the gradual reform is built, as the neoclassical framework has been incapable of explaining China's financial performance. In the last chapter, it discusses the dilemma of property rights under the state-owned financial system, with the establishment of the credit equilibrium model and the dual model of bad debts. With insightful theoretical analysis and empirical researches, this book will appeal to scholars and students in finance, economics and economic history.