China's financial transition at a crossroads
著者
書誌事項
China's financial transition at a crossroads
Columbia University Press, c2007
- : cloth : alk. paper
大学図書館所蔵 全11件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references and index
内容説明・目次
内容説明
China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world? Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu.
The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness.
The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China.
目次
List of Acronyms Acknowledgments Introduction, by Charles W. Calomiris 1. China's Financial Markets: An Overview, by Lee Branstetter Comment: Xiaobo Lu 2. China's Banking Sector and Economic Growth, by Loren Brandt and Xiaodong Zhu Comment: Michael DeStefano 3. Understanding the Structure of Cross- Border Capital Flows: The Case of China, by Eswar Prasad and Shang- Jin Wei Comment: Daniel H. Rosen 4. Financial Openness and the Chinese Growth Experience, by Geert Bekaert, Campbell R. Harvey, and Christian Lundblad Comment: Mary Wadsworth Darby 5. The Effects of Stock Market Listing on the Financial Per for mance of Chinese Firms, by Fred Hu Comment: Ailsa Roell 6. China's Exchange Rate Regime: The Long and Short of It, by Barry Eichengreen Comment: Jialin Yu 7. China's Foreign Exchange Policy: What Will China Do? What Should China Do?, by Peter Garber, Robert J. Hodrick, John H. Makin, David Malpass, Frederic S. Mishkin, and Eswar Prasad Appendix 1. Regional Estimates of New Deposit and Loan Shares, and Nonperforming Loans, by Loren Brandt and Xiaodong Zhu Appendix 2. Evolution of Capital Controls in China, by Eswar Prasad and Shang- Jin Wei List of Contributors Index
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